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.

4405 Santa Croce Ct, Foresthill, CA, 95631

4405 Santa Croce Ct, Foresthill, CA, 95631 < >
<< Photo 1 of 25 >>
for sale
$85,000
Lot Size:1.20 Acres
Status:Active
MLS #:19016063
Date Updated:
For information contact:
Gidget Foat
DRE #01516829
Get More Information
Go See This Property
This beautiful corner lot in distinguished Monte Verde Estates is beckoning you to build your stately dream home. This tranquil lot gently slopes and exhibits an abundance of majestic trees in a location that is sure to please. A short drive to the Auburn State Recreation Area, the American River, Lake Clementine, Sugar Pine Reservoir and an abundance of trails and outdoor activities. A mere 10 mile drive to Auburn and Interstate 80. Community park and affordable HOA's. Must see to appreciate.
Interior Details
Utilities: Electricity to Site, Phone to Site, UndergroundWater: Public at Site, Public District

Exterior Details
Acres: 1.2000Irrigation: Public Water at Site
Roads: Public Maintained RdRoad Type: Paved
Sewer: Perc Tested, Septic NeededTerrain: Corner, Lot Sloped, Trees Many, View Local
Vegitation: Trees ManyLot Square Footage: 52272

Community Information
Improvements: NoneSchool District: Placer
Elementary School: Foresthill UnionJr./Middle School: Foresthill Union
High School: Placer Union HighSubdivision: Monte Verde Estates Ph 02

Property Information From MLS Data
Crops: NoneHorse Property?: No
Includes: NoneOut Buildings: None
Residence: Over 1500 SqFtZone Description: Residential
Zone: RF-B-X

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Listing courtesy of Bridget Higgins, RE/MAX Gold


Information obtained from CAMETROLIST is current as of 10/16/2019 2:15 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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