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.

My Recent Transactions

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$450,000
Beds: 4 | Bath: 2 | Sq Ft: 1536 | Acres: 20.56 | Built: 1989 | MLS ID: 16004022 | Status: Sold
Stunning home on top of a mountain with beautiful local views on 20 plus acres. Private/secluded country living yet only 20 minutes to Hwy 50, shopping & restaurants. Property Features: usable land with pig stalls or turn them into horse stalls with a little const. 2 sheds, 1200 gal water storage tank, 2 wells Domestic & irrigation. Orchard Grove with several different fruits trees, grapevines. Easement RD to walking trail/quad that leads to Consumnes River. Too many wonderful points to list.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$455,000
Beds: 4 | Bath: 3 | Sq Ft: 2795 | Acres: 0.38 | Built: 1992 | MLS ID: 15078025 | Status: Sold
Feels like tree house living with the many picture windows to take in the wooded setting & great views. Offers space for everyone & is great for entertaining. There's a living room w/soaring ceilings plus a separate family room w/wood stove, wet bar & patio access. Wake up to glorious views from the expansive master retreat; complete w/desk area, balcony & spacious bath. Set on a large lot w/room for pets, playing or just enjoying the view.
Listing provided courtesy of Lyon RE Cameron Park
$555,999
Beds: 4 | Bath: 3 | Sq Ft: 3095 | Acres: 0.18 | Built: 2001 | MLS ID: 15061248 | Status: Sold
Gorgeous sought after Empire Ranch home with golf course views! Features a chef's dream kitchen, tons of counter space & huge pantry. Beautiful granite island, stainless 5 burner gas cook top, B/I microwave, Bosch dishwasher opens up to the family room. Downstairs bedroom and full bath. Master retreat with a soaking tub. Full gym upstairs/bonus room. Private end lot w/lush landscaping, outdoor kitchen w/built in BBQ, patio, golf course views. Close to shopping, restaurants & great schools.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$895,000
Beds: 4 | Bath: 2 | Sq Ft: 2800 | Acres: 5.00 | Built: 1994 | MLS ID: 16041451 | Status: Sold
This custom log home was built from hand selected high altitude Montana timber and commissioned into the masterful show piece it is today. The home itself will leave an everlasting impression with wood laced ceilings, chefs kitchen, and oversized bedrooms. The award winning architect designed backyard is anchored with an absolutely jaw dropping pool,waterfall features, and secret forest pathways creating the perfect compliment to this estate. See details list property is offered fully furnished!
Listing provided courtesy of Steele Realty & Investments Co.,
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