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.

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$3,200 for rent
Beds: 4 | Bath: 3 | Sq Ft: 2714 | Acres: 0.29 | Built: 1983 | MLS ID: 21818863 | Status: Active
Beautiful property, remodeled kitchen, new laminate flooring in living and formal dining room. 4 bedrooms and 3 full baths. Complete with master suite with attached study. Enjoy the views and a beautiful spacious yard and all low maintenance, complete with gardener!
Listing provided courtesy of Jordan Real Estate Group - RE/MAX
$4,977 for rent
Built: 2006 | MLS ID: 18035548 | Status: Active
Office Warehouse for lease. Approximately 1,447 sf, two story office and approx. 1,871 sf warehouse which includes a lab area. Rare, newer office-warehouse opportunity in North Natomas. Immediately off the freeway, Great condition, move-in ready.
Listing provided courtesy of RE/MAX Gold
$9,500 for rent
Beds: 4 | Bath: 3 | Sq Ft: 2601 | Acres: 0.17 | Built: 2000 | MLS ID: 21811616 | Status: Active
This home requires a 12 month lease, pets allowed upon owners approval, tenant must supply insurance naming subject property as additionally insured. This desirable home features beautiful improvements and comes with all the bells and whistles. Must see for yourself.
Listing provided courtesy of RE/MAX Gold
$12,000
Acres: 0.23 | MLS ID: 201801820 | Status: Active
If you are looking to have a small piece of property in the hills but yet close to town these are the parcels that you are looking for. These lots give you the feeling of country living, but yet close proximity to shopping and Hospital. This lot is 52'X 100'and the second lot is 47'x100', waiting to be developed. Sale includes APN#042-341-06-00, Both parcels are to be sold together. Combined these two lots and it would give you a great home site. No Utilities on lot. Use parcel map to locate lot.
$12,000
Acres: 0.24 | MLS ID: 201801821 | Status: Active
This lot gives you the feeling of country living, but yet close proximity to shopping and Hospital. This lot is 53'X 100' times two, waiting to be developed. Sale includes APN#042-341-09-00, Both parcels are to be sold together. Combined these two lots and it would give you a great home site. No Utilities on lot. Use parcel map to locate lot.
$15,000
Acres: 0.35 | MLS ID: 21810263 | Status: Active
Beautiful views of the mountain and valley! Build-able lot in Napa County with water, sewer access and electricity at pole. Only a few miles to Lake Berryessa and Putah Creek. A great lot to put a modular or stick built home for that vacation home or primary residence! A steal at this price!
Listing provided courtesy of RE/MAX Gold
$15,000
Acres: 0.33 | MLS ID: 20925811 | Status: Active
Nice build able lot in court location.
Listing provided courtesy of RE/MAX Gold Napa
$16,000
Acres: 0.11 | MLS ID: 18046101 | Status: Active
Priced to sell, just a few miles from the government center, hospital and other local services. Per the seller there is underground electricity and cable available to the lot.
Listing provided courtesy of RE/MAX Gold Lodi
$17,000
Beds: 2 | Bath: 2 | Sq Ft: 756 | MLS ID: 201802084 | Status: Pending
FIXER-UPPER! Great opportunity for someone to come in and finish the home to your liking. A little work and its ready to move in. Owner is motivated- submit all reasonable offers! Good location for commuters...both highway 70 and 65. must QUALIFY for the park. AS-IS condition.
$17,500
Acres: 0.20 | MLS ID: 20162562 | Status: Active
A great solution to the lack of affordable houses in the Foothills, build your own! Watch the youtube video, see the beautiful lake! Watch the Youtube video! https://youtu.be/qJXnWIye9LU This lot will be inexpensive to develop, water from the private water system is right there at the property, no need for a well drilling. Power is right there at the property, paved road access. Only minutes to Lake Frances, post office and restaurant and school. This could be an investor opportunity as well! This is the least expensive lot for sale for miles around!
$17,500
Acres: 0.20 | MLS ID: 20162562 | Status: Active
A great solution to the lack of affordable houses in the Foothills, build your own! Watch the youtube video, see the beautiful lake! Watch the Youtube video! https://youtu.be/qJXnWIye9LU This lot will be inexpensive to develop, water from the private water system is right there at the property, no need for a well drilling. Power is right there at the property, paved road access. Only minutes to Lake Frances, post office and restaurant and school. This could be an investor opportunity as well! This is the least expensive lot for sale for miles around!
$19,000
Acres: 0.25 | MLS ID: 18003898 | Status: Active
Wow! What a great place to build your very own mountain retreat! Live here year round, or build your vacation home dream! This beautiful area has piped spring water and all utilities at the street! Numerous trees, nature's wonderland right at your doorstep, and close to all El Dorado County recreation! What an incredible value! BUY THIS LOT today!
Listing provided courtesy of RE/MAX Gold Fair Oaks
$19,950
Acres: 1.66 | MLS ID: 18052174 | Status: Active
1.65 acres located in Sierra Springs 3 miles from Jenkinson Lake and the Sly Park recreation - Property includes public water and power at the street - Sierra Springs includes clubhouse, pool, and tennis courts.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$20,000
Acres: 0.36 | MLS ID: 18025452 | Status: Active
Live among the trees! Nice lot to build your vacation home. Within walking distance to the El Dorado National Forest. Perc tested.
Listing provided courtesy of RE/MAX Gold
$23,900
Acres: 0.26 | MLS ID: 17069199 | Status: Active
A Great Corner lot in a quiet neighborhood. The site lays out well and property is great for many building options! Gorgeous variety of stately trees.
Listing provided courtesy of RE/MAX Gold Laguna
$24,000
Beds: 2 | Bath: 1 | Sq Ft: 672 | MLS ID: 18039491 | Status: Active
Cute as a button Vintage Circa 73 mobile home in a very desirable Pollock Pines mobile home park. Just off of Hwy 50 and across from the Safeway shopping center, makes this an ideal vacation home or retirement home for those on a fixed income. 1 person must be 55+ years old. The roof and the majority of the ceiling and carpeting were all replaced . The Kitchen is very spacious and has an opening to see into the living room. Come check it out today.
Listing provided courtesy of RE/MAX Gold
$24,900
Acres: 0.20 | MLS ID: 18025932 | Status: Active
Level lot in the mountains is a rare find! A great place to build your perm home or a get-away cabin; you are right in the mountains at 4,000 ft, but not so high where the snow accumulates too much. Close to the quaint mountain village where shops/restaurants are available, but yet away from the hustle of city life. Enjoy the freshness of the mountain air, the sounds of the wildlife, and the smells of the pines. You've been dreaming it, and with this price, you can make those dreams come true!
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$25,000
Acres: 0.75 | MLS ID: 18032079 | Status: Active
Come home to beautiful mountain living when you build in Grizzly Park! This parcel is located in nice neighborhood with paved roads and public water. Towering pines are the perfect backdrop for a vacation retreat or retirement home. Recently reduced building fees make now a great time to build! Plenty of nature, fresh air & blue skies!
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$25,000
Acres: 10.00 | MLS ID: 504152 | Status: Active
This 10 acres of paradise is absolutely beautiful and is located in the Sierra Mountains. Plenty of building sites with magnificent views. This parcel is on the top of the world, yet property is very usable with several choices of building sites. Soaring pine trees, manzanita, and bear clover meadows. The setting is serene and peaceful with lots of wildlife! Deer, wild turkey, and hawks! This property is land locked and has no legal easement. Priced accordingly. Sold as is.
$29,000
Beds: 2 | Bath: 2 | Sq Ft: 1120 | MLS ID: 18042070 | Status: Active
You will not find a better unit for this price anywhere! Get in on this affordable 2 bd, 2 ba unit in a senior park, with a large living room, nice sized kitchen with lots of storage, 2 pantries and new dishwasher. There is a separate dining area and laundry room.Master bedroom is good sized with a Master bath with separate bath tub and shower. Central heat and air. Park amenities include clubhouse and pool. With a little work this unit will shine!This is as is price! Call for details today.
Listing provided courtesy of RE/MAX Gold Lodi
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