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Good Loan News
Here are two recently-announced pieces of really good news for home buyers.
• The Colorado Housing and Finance Authority recently raised the income limit for their down payment assistance program to $115,600.
Now more people can get help with a down payment.
• Fannie Mae and Freddie Mac raised their conforming loan limits so that more people can use a conforming loan and not be forced to use a ‘jumbo’ loan.
Contact us if you would like to hear how these pieces of news could help you.
Beautiful Main Floor Condo in Fort Collins!
2133 Krisron Rd #E101 presenting a rare main floor condo, centrally located in Sidehill. This well-kept unit offers numerous upgrades; hardwood floors, granite counters, upgraded maple cabinets, Tile back splash, stainless steel appliances, 2 bedrooms, 2 baths, full size washer & dryer, custom paint, a cozy tiled fireplace and central AC, all overlooking open space and the pool. There is one covered parking space. Incredible location close to shops, entertainment and recreation. This is a truly special place. Contact Will Flowers for your private showing at (970) 227-0640 for more information or click the link below for more details.
Well Maintained Ranch Style Home in Evans!
The bones of this ranch home in Evans at 3834 Belmont Ave is well maintained with only one neighbor with vacant land to the south. Very large kitchen with tile floors, and two living rooms! Great big backyard. Home is close to shopping, with easy access to Highways 85 and 34. Roof will be new before closing. Seller has loved living in this home for a long time, and it’s ready for your vision to make it your own. Come see it today! Contact Paul Hunter for your private showing at (970) 673-7285 for more information or click the link below for more details.
https://windermerenoco.com/listing/88746714
Fantastic Cul de Sac Home in Fort Collins!
This fantastic home at 3927 Gardenwall Ct is at the end of a cul-de-sac in the popular Waterglen neighborhood features an open floor plan with vaulted ceilings and fireplace. Your new home is move-in ready. All three bedrooms, including a great master suite are on the second floor. Enjoy the large fenced back yard adjacent to a sprawling green area, while relaxing on the large stamped concrete patio. Close to I-25 and Old Town. A beautiful home and excellent value! Contact Jon Holsten for your private showing at (970) 237-2752 for more information or click the link below for more details.
Beautiful Craftsman Home in Fort Collins!
This beautiful Craftsman home at 2138 Yearling Dr near Jessup Farm in Bucking Horse comes with 4 bedrooms, 3 bathrooms, an office, 3 car tandem garage + 220 service, and a full unfinished walk-out basement. The kitchen includes 42 inch cabinets, SS appliances, walk-in pantry and pot filler. Upgraded hardwoods and gas fireplace in great room. Sitting area in master bedroom in addition to a spacious loft, Jack and Jill bath between 2nd and 3rd upstairs bedrooms. Plantation shutters, upscale lighting and hardware throughout. Enjoy the pool and ideal access to trails! Contact Tricia Muraguri for your private showing at (970) 217-6345 for more information or click the link below for more details.
https://windermerenoco.com/listing/88710031
HQ3?
The Front Range may have lost out on Amazon’s HQ2, but that doesn’t mean their company won’t affect our economy.
Denver was in the running for Amazon’s massive new second headquarters that supposedly would bring 50,000 new high-paying jobs and $5 Billion of investment.
In the end Amazon chose to split the headquarters among two East-Coast cities and many in Colorado breathed a sigh of relief.
But they are will continue to be an economic force in our state.
Over the past two years, Amazon has greatly expanded its footprint in Metro Denver, opening up a sorting center in Aurora, fulfillment centers in Aurora and Thornton, a Prime Now center in Denver and a new delivery center in Centennial.
They will soon have 3,000 workers here and that number is expected to grow significantly.
83 Miles Per Hour
Pretend you have been driving on the Interstate at 100 miles per hour.
Also, pretend you have been doing that for a long time.
Now pretend you slow down to 83 miles per hour.
How would that feel?
It would probably feel slow, right?
83 miles per hour is a 17% decrease from 100. It may feel slow, but it’s still pretty fast.
How does this relate to real estate?
Well, the market has been moving fast for a long time.
It’s been going 100 miles per hour for at least two years (some would argue even longer).
We’ve recently seen a 17% change in terms of number of transactions that are occurring.
There were 17% fewer sales in October 2018 versus October 2017 in Metro Denver.
It feels slow because we’ve been driving so fast for so long. But, our market is still moving.
For example, prices are still up. So, remember, that it’s all relative.
Good News for Buyers
Here’s some good news for buyers who have been waiting for more selection…
No need to wait any more because the numbers show that more new listings are hitting the market compared to the recent past.
In Metro Denver, the number of homes for sale is up 14.42% compared to last year.
That equates to 800 more homes to choose from.
Start spreading the news!
FUNdamentals
In times of change (like now), it’s valuable to look at the fundamentals of our market.
Let’s have some fun with fundamentals…
1. Our economy is healthy – since 1990, the unemployment rate in Colorado has never been higher than the U.S. unemployment rate. Ever. Unemployment in Colorado sits at 2.7% today while the rate across the U.S. is 4.0%.
2. People keep moving here – since 2005 our population has grown by just over a million people which is roughly 77,000 per year (about the size of Mile High Stadium).
3. Our real estate outperforms other places – according the Federal Housing Finance Authority, Colorado is the #1 state for home price appreciation since 1990.
Mid-Century Modern Ranch in Fort Collins!
Completely remodeled & updated mid-century ranch at 1624 Smith Place! The sellers have added $40K of additional updates since last purchased. Updates include: Solid hickory floors throughout, stainless appliances, large kitchen island, open floor plan, new carpet & tile, upgraded electrical, new water heater, radon mitigation & ring doorbell. Gorgeous custom low maintenance landscaping! Next to Spring Creek Trail, a bike ride to Old Town & the newly updated Midtown shops at Foothills. Location! Location! Location! Contact Kyle Basner for your private showing at (970) 481-5689 for more information or click the link below for more details.
