Welcome Home to this Light & Bright End Unit in Desirable Rolling Ranch Hills in Johnstown!

This town-home at 32 Sebring Ln has newer flooring, fresh paint & new appliances make this unit move in ready. Open main floor living with a gas fireplace, eat in kitchen & lots of storage. Upper level master suite for privacy, a small fenced in yard w/patio & a 2 car garage. Full unfinished basement for future expansion. HOA takes care of the mowing, exterior maintenance & snow removal. This unit is ready to be your home! Call for your private showing at 970-646-1921 for more information or click the link below for more details.

http://jenncsellsnoco.com/listing/82630398


Posted on August 9, 2018 at 6:53 pm
Jennifer Cuningham | Posted in Johnstown Real Estate, Virtual Tours | Tagged , , , , , , , , , , , , , , , ,

Wonderful Mountain Views in Windsor!

Better than new ranch style home at 657 Clarendon Dr in desirable Windshire Park! Enjoy mountain views from your front porch or relax in the peace and quiet of your backyard. New flooring, updated appliances and a new back splash for the kitchen, pride of ownership is in this home. Enjoy the neighborhood pool & park or enjoy walking on the neighborhood trails, the choice is yours. Full unfinished basement offers lots of options for expansion. Call for your private showing at 970-646-1921 for more information or click the link below for more details.

http://jenncsellsnoco.com/listing/82245824


Posted on July 31, 2018 at 5:47 pm
Jennifer Cuningham | Posted in Virtual Tours, Windsor Real Estate | Tagged , , , , , , , , , , , , , , ,

Alluring Ranch With Mountain Views

Featuring 3 Bedrooms, 2 Bathrooms And A Lovely Landscaped Yard!

If move-in ready is what you are looking for, then look no further. This beautiful ranch style home shows pride of ownership throughout. Open floor plan with all of the bedrooms on the main floor. Newer appliances, new lifetime warranty Core-tec flooring and light tubes for energy efficient lighting. Beautifully landscaped yard with front/ back sprinklers and a custom deck with a sun shade to enjoy your expansive mountain views. This home won’t last long, so call for your personal showing today!

For more information, please visit: http://jenncsellsnoco.com/listing/75684778. You may also contact either Jennifer Cuningham or Sarah Schilz at (970) 460-3033.


Posted on February 14, 2018 at 10:41 pm
Jennifer Cuningham | Posted in Northern Colorado Real Estate | Tagged , , , , , , , , , , , , , , , ,

Get Real: Colorado Real Estate Market Isn’t Slowing Down

A story ran this week which highlighted the number of people who have moved out of Colorado.

Let’s get real, there are still a large number of people moving to Colorado.

Empty room full of cardboard boxes and cleaning things for moving into a new home

In fact, 223,000 moved to Colorado from another state last year according to the latest American Community Survey from the U.S. Census Bureau.

The net migration into our state (after subtracting out people who left) was 30,859 people.

In Northern Colorado the net migration looks like this:

  • Larimer County = 7,001 people
  • Weld County = 7,117 people

So what does that mean for housing? Knowing that, on average, 2.5 people live in each household, the number of new housing units required for these new residents looks like this:

  • Larimer County = 2,800 new housing units
  • Weld County = 2,847 new housing units

Needing more real estate information? Check out Windermere’s Blog!


Posted on December 8, 2017 at 7:37 pm
Jennifer Cuningham | Posted in For Buyers | Tagged , , , , , , , , , , ,

Do You Have ‘Average’ Credit? If so, Getting a Mortgage May Be Tough

This article originally appeared on Inman.com 

In the early 2000s, getting a mortgage was hardly difficult thanks in great part to lax lending standards.

This practice eventually led to a bubble forming in the nation’s housing market — which, as we all know, subsequently burst.

Since that time, the pendulum has swung the other way — to an extreme.

Today, lenders require nothing short of pristine credit to obtain a mortgage. We can never return to the reckless lending policies of the past, but I believe they’ve gone too far, and it concerns me.

What will your credit score get you?

I took a look at data produced by the Federal Reserve and was shocked by what I saw. Of the $426.6 billion in mortgage origination during the second quarter of this year, almost 62 percent went to households with a credit rating of 760 or higher.

Borrowers with a credit score in the range of 620 to 659, which many lenders view as below-prime credit, received just 6.3 percent of the dollar volume of mortgages in the second quarter.

Now, when we compare that with the same quarter of 2004, the group with 760-or-higher credit received 23.5 percent of the mortgages, and the 620-to-659 borrowers received 8 percent.

Although surveys say credit is loosening for some types of loans, standards are still far tighter than necessary.

Too risk-averse?

The data raises questions about whether regulators and banks have become too risk-averse. It’s also possible that borrowers without prime credit have just given up owning a home for now.

Figures from property-data provider CoreLogic show that home-purchase mortgage applications from borrowers with credit scores below 640 fell to 6 percent in 2015, from 29 percent in 2005. In other words, lower-rated borrowers aren’t even applying.

But why?

Rising home values might simply be putting property out of reach for a lot of lower-income people.

For example, prices in Seattle are up 55 percent from their 2012 post-crisis low, according to the Case-Shiller Index. Nationally, prices are up 35 percent from their 2012 low.

Higher prices require larger down payments and bigger mortgage payments, especially for borrowers with lower credit scores.

But equally as culpable as rising home prices are homeowners who went through a foreclosure between 2004 and 2015.

Of these 7 million homeowners, only 7.3 percent have obtained a mortgage again, and 69 percent still have a foreclosure on their credit score, thus precluding them from buying again.

The market is making it remarkably hard for many families to buy a home.

I would never suggest that we consider returning to the “old days” of sub-prime lending, but understanding that there are a large number of families who want to buy — and who meet acceptable standards for risk — should give lenders some pause for thought.

Matthew Gardner is the Chief Economist for Windermere Real Estate, the second largest regional real estate company in the nation. Matthew specializes in residential market analysis, commercial/industrial market analysis, financial analysis, and land use and regional economics. He is the former Principal of Gardner Economics, and has over 25 years of professional experience both in the U.S. and U.K.


Posted on December 7, 2017 at 6:18 pm
Jennifer Cuningham | Posted in For Buyers | Tagged , , ,