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.

16117 Vierra Rd, Rackerby, CA, 95972

16117 Vierra Rd, Rackerby, CA, 95972 < >
<< Photo 1 of 13 >>
for sale
$59,000
Lot Size:10.00 Acres
Status:Active
MLS #:20183065
Date Updated:
For information contact:
Gidget Foat
DRE #01516829
Get More Information
Go See This Property
This charming 10 acres with mature oaks, open pastures, and some denser woods was once occupied and has 2 old buildings on it and foundation for a third building. The owner told some folks that there is a spring on this property and there is an old stone built hut with pipes and a pressure tank so there was a kind of water works on the property. Probably there is also an old septic. What we know for sure is the PG&E pole with transformer is right on the property. This land is not far from the paved part of Vierra road and only ten minutes to Brownsville, about half hour to Oroville. Rackerby post office is only 12 minutes away. The site where the old homestead is/was is pleasantly situated and feature nice local views. Seller may carry with
Interior Details
Bathrooms: 0.00Bedrooms: 0
Full Bathrooms: 0Half Bathrooms: 0

Exterior Details
Garage Space: 0Road Surface : Gravel
Sewer-Septic : NoneWater : Spring

Community Information
School District County: Yuba

Property Information From MLS Data
Latitude: 0.000000Longitude: 0.000000
Public Remarks: This charming 10 acres with mature oaks, open pastures, and some denser woods was once occupied and has 2 old buildings on it and foundation for a third building. The owner told some folks that there is a spring on this property and there is an old stone built hut with pipes and a pressure tank so there was a kind of water works on the property. Probably there is also an old septic. What we know for sure is the PG&E pole with transformer is right on the property. This land is not far from the paved part of Vierra road and only ten minutes to Brownsville, about half hour to Oroville. Rackerby post office is only 12 minutes away. The site where the old homestead is/was is pleasantly situated and feature nice local views. Seller may carry withIrrigation : No Irrigation
Lot Square Footage: 435600.00

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Information obtained from CANCAOR is current as of 10/16/2019 2:11 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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