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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$279,000
Beds: 3 | Bath: 2 | Sq Ft: 1064 | Acres: 0.12 | MLS ID: 18042780 | Status: Active
Cute clean 3 Bedroom 2 Bath home ready for a buyer to add there nice little touches. Back yard has a fantastic garden, trees.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$399,900
Beds: 4 | Bath: 2 | Sq Ft: 1554 | Acres: 0.24 | Built: 1971 | MLS ID: 18047202 | Status: Active
Incredibly Darling move in ready home with so much to offer This home features 4 Bedrooms 2 Bathrooms living room, family room crown moulding. New carpet and paint in family room, updated home. Kitchen Features: Chef Kitchen, granite counters, beautiful cabinetry, huge back yard with a shed and another building great for an Art Studio or storage, separate RV Parking lots of trees,grass, garden, covered patio, very quaint &, relaxing. So much to offer perfect for a family. WON'T LAST LONG!
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$1,335,000
Beds: 4 | Bath: 6.5 | Sq Ft: 5125 | Acres: 10.02 | Built: 2004 | MLS ID: 17048364 | Status: Active
2 HOMES on 10 acres Exquisite Custom over 5000 sq ft 3 car attached garage, 2nd home 1186 sq ft has 3 car garage with bathroom. Main home features: Beautiful granite counter in the kitchen with island built in refrigerator 2 dishwashers, open and bright to family room exudes warmth and elegance 2 master suites 1 up 1 down 2 laundry rooms an office plus bonus/media room that has separate balcony to watch the sunset. close to EDH & Hwy 50,shopping, restaurants too much to list. ask agent for list
Listing provided courtesy of RE/MAX Gold El Dorado Hills
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METROLIST RETS is current as of 7/17/2018.