Looking for property

Hi All,
I sold my personal residence and am looking for a home in either Folsom or El Dorado Hills.  1800-2500 sq.ft. 4 bedroom, 3 car garage. $400,000 max.  Let me know if you have anything available. Will be closed first of February.
Thanks
Gidget

Mortgage Success

 


February 27, 2013

Last Week in Review

The debate within the Fed about whether to continue their latest round of bond buying, known as Quantitative Easing, continues.


Table Source: Mortgage Success Source


What is Quantitative Easing?
Quantitative Easing is the concept of the Fed becoming a buyer of Treasuries and bonds to try to stimulate the economy.

Why does the Fed do Quantitative Easing?
Often, the Fed does Quantitative Easing to create inflation and avoid a deflationary economy. It’s also used to help lower the unemployment rate and boost stock prices. For this latest round, the Fed especially wanted to help stimulate the housing market and our economy overall.

The housing market has shown signs of improvement lately. While housing starts in January declined overall, single family housing starts rose to their highest rate since July 2008. Building permits, a sign of future construction, also came in above expectations. These reports were the latest in a series of reports showing that the housing market is recovering.

Last week, the minutes from the Fed’s January meeting of the Federal Open Market Committee noted that several Fed members would like to halt the Quantitative Easing program sooner than planned, because they are concerned about inflation. However, it’s important to note that last week’s Producer and Consumer Price Index Reports showed that inflation at both the wholesale and consumer levels remained moderate in January.

On the reverse side, other Fed members are concerned that halting the program too soon could end the recovery in the housing market, and hinder our economic recovery overall.

The biggest take away is that home loan rates continue to remain near historic lows.

Forecast for the week

A busy week of reports is ahead, with news on housing, manufacturing, consumer sentiment, U.S. growth and inflation.

  • The week starts and ends with a measure of how the consumer is feeling with yesterday’s Consumer Confidence Report and last week’s Consumer Sentiment Index.
  • Look for Pending Home Sales today.
  • We’ll get a sense of how the economy is doing with today’s Durable Goods Orders, which measures orders for products used for an extended period of time, and this week’s Gross Domestic Product, the biggest picture of economic activity.
  • Also later this week Weekly Initial Jobless Claims will be reported.
  • Late in the week also brings Personal Consumption Expenditures, the Fed’s favorite measure of inflation, along with Personal Income and Spending and the ISM Index.
Remember: Weak economic news normally causes money to flow out of stocks and into bonds, helping bonds and home loan rates improve, while strong economic news normally has the opposite result.
 
As you can see in the chart below and as mentioned above, inflation continues to remain moderate. Remember that inflation negatively affects bonds because it hurts the value of fixed investments like bonds.

2048 Larkstone Pl, El Dorado Hills, CA, 95762

2048 Larkstone Pl, El Dorado Hills, CA, 95762
Off-Market
Bedrooms:4
Bathrooms:4
Square Feet:3014
Lot Size:0.53 Acres
Year Built:2007
Status:Sold
MLS #:17061628
Date Updated:
For information contact:
Gidget Foat
DRE #01516829
Interior Details
Bedrooms: 4.00Full Bathrooms: 4
Half Bathrooms: 0Possible Bedrooms: 5.00
Air Conditioning: CentralMaster Bathroom Features: Tile
Dining Room Features: Dining/Family Combo, Formal AreaFloors: Carpet, Tile
Fireplace: Family Room, Gas PipedGarage: 2 Car Attached
Heating: CentralKitchen Appliances: Compactor, Cook Top Gas, Dishwasher, Disposal, Microwa
Kitchen: Counter Granite, Island w/Sink, Pantry ClosetLaundry: 220 Volt Hook-Up, Cabinets, Inside Room, Washer/Dryer
Master Bedroom Features: Closet Walk-In, Ground FloorUtilities: 220 Volts, Natural Gas
Water: Public DistrictSquare Footage: 3014

Exterior Details
Acres: 0.5310Lot Square Footage: 23130
Exterior Features: StuccoFoundation: Concrete Slab
Horse Property: NoLandscaping: Fenced Back, Sprinkler Auto Front, Sprinkler Auto Re
Other Structures: Gazebo, Tool ShedPool: None
Roads: PavedSewer: In & Connected
Terrain: Level, Trees Few, View Local, View SpecialLot Description: Greenbelt, Public Trans Nearby
Style: Contemporary

Community Information
Construction: WoodEnergy Saving Features: Other-Rmks
School District: El DoradoElementary School: Buckeye Union
Jr/Middle School: Buckeye UnionHigh School: El Dorado Union High
Subdivision: West Valley Village

Property Information From MLS Data
Home Equipment: Cable TV AvailableImprovements: Sidewalk/Curb/Gutter
Rec Storage: Boat Storage, RV AccessRemodel: Bonus Room, Downstairs Bedroom, Master Bedrooms 2+, M
Property Type: TractZoning: VV-SP
Year Built: 2007

Property Features
Misc Features: BBQ Built-In, Courtyard Uncovered, Outdoor Kitchen, POther Features: Clubhouse, Exercise Room, Park

Financial Information
HOA: YesHOA Fees: 126
HOA Due: Monthly

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Listing courtesy of Gidget Foat, RE/MAX Gold El Dorado Hills


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