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.

5 Mckeon Ponderosa Wy, Foresthill, CA, 95631

5 Mckeon Ponderosa Wy, Foresthill, CA, 95631 < >
<< Photo 1 of 8 >>
for sale
$55,000
Lot Size:5.60 Acres
Status:Active
MLS #:19008120
Date Updated:
For information contact:
Gidget Foat
DRE #01516829
Get More Information
Go See This Property
BEAUTIFUL VIEW PROPERTY OF MCKEON PONDEROSA WAY! HAS THE TEVIS TRAIL JUST UP THE ROAD AND BACKS TO THE AUBURN REC PROPERTY*LOT 5 IN CANYON VIEW ACRES*NICE LOCAL VIEWS OF THE MIDDLE FORK RIVER CANYON ALL ON 5.6 ACRES*CLOSE TO RIDING TRAILS*NEAR THE END OF THE ROAD*PRIVATE PROPERTY*MANY TREES*BUILD YOUR HOME AND CAPTURE THE CANYON VIEWS OF THE AMERICAN RIVER*GREAT AREA AND LOCATION FOR RECREATION*PAVED PRIVATE ROAD PLEASE DRIVE SAFELY*NEEDS WELL AND SEPTIC*GREAT PROPERTY TO BUILD YOUR DREAM HOME WITH A VIEW*OWNER FINANCING FOR A QUALIFIED BUYER*NICE AREA FOR RECREATIONAL ENTERTAINMENT*TRAILS TO THE MIDDLE FORK OF THE RIVER FOR A NICE DAY HIKE*
Interior Details
Utilities: Electricity to Site, Phone to SiteWater: No Well But Needed

Exterior Details
Acres: 5.6000Irrigation: No Irrigation
Lot Dimensions: 318X804X789X290Roads: Easement, Private Road, Road Maint Agrmt
Road Type: PavedSewer: Septic Needed, None
Terrain: Hilltop, Lot Grade Varies, Lot Regular, Trees Many, View Local, View SpecialVegitation: Brush, Grassland, Trees Many
Lot Square Footage: 243936

Community Information
Improvements: PavedSchool District: Placer
Elementary School: Foresthill UnionJr./Middle School: Foresthill Union
High School: Placer Union HighSubdivision: CANYON VIEW ACRES LOT 5

Property Information From MLS Data
Crops: NoneHorse Property?: Yes
Horse Description: Riding Trail, Other-RmksIncludes: None
Mineral Rights: Rights NoneOut Buildings: None
Residence: NoneZone Description: Agricultural/Res, Residential
Zone: RES

Miscellaneous Information
Misc: Restaurant Nearby, Shopping Cntr Nearby

Walk Score® for 5 Mckeon Ponderosa Wy
Jobs near 5 Mckeon Ponderosa Wy
Listing courtesy of Stephanie Baptista, RE/MAX Gold


Information obtained from CAMETROLIST is current as of 10/20/2019 6:36 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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