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.

Our Listings in Shingle Springs

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$99,500
Acres: 0.22 | MLS ID: 18072162 | Status: Active
High visibility, elevated lot on rural artery. Conveniently located close to highway interchange and on major thoroughfare. Traffic count back in 2010 was nearly 13,000 cars daily! Water. sewer,electricity and phone are at edge of site. Perfect spot for your business or income property!
Listing provided courtesy of RE/MAX Gold Cameron Park
$164,000
Acres: 4.26 | MLS ID: 18025215 | Status: Active
If you're looking for VIEWS, look no further! Lot with easement for road and utilities has prime location on paved road. Close to HWY 50, shopping and dining yet has that country feel. Fantastic schools!!!
Listing provided courtesy of RE/MAX Gold Cameron Park
$250,000
MLS ID: 18080059 | Status: Active
The property is a General Commercial Planned Development with 15 condominium units. The list price is for 1 unit of approx. 1700sf. Please don't disturb existing businesses.
Listing provided courtesy of RE/MAX Gold Cameron Park
$275,000
Acres: 14.05 | MLS ID: 18048522 | Status: Active
Unbelievable views of the surrounding foothills and canyons can be yours from this 14+ acre parcel. In an area of high end custom homes, this would make a great property to build on. Drive up Wegotta Way to see the flat land and best views at the top! Very private yet less than 10 minutes to HWY 50. Electricity along Marybelle. Great schools!!
Listing provided courtesy of RE/MAX Gold Cameron Park
$299,000
Acres: 12.79 | MLS ID: 18049959 | Status: Active
Once in a lifetime VIEWS from this 12+ acre parcel! Private setting with gated entry provides the peaceful escape you're looking for. Water meter is in and electricity nearby makes building less expensive. Building site at the top of the hill has been graded. Close in location and great schools!!!
Listing provided courtesy of RE/MAX Gold Cameron Park
$470,000
Beds: 3 | Bath: 3.5 | Sq Ft: 2606 | Acres: 1.45 | Built: 1957 | MLS ID: 18057154 | Status: Active
2 HOMES/2 meters on usable 1.45 acres. The main house is 1956 sq.ft, 3 bedroom 2.5 bath w/newer roof and central heating system. The living room has a fireplace and large slider with a great view of the back yard. Separate bonus room that can be used as a playroom. Detached second dwelling is a 650 sq.ft, 1 bedroom, 1 bath with living area and kitchen w/ it's own meter and septic line.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$470,000
Beds: 4 | Bath: 3.5 | Acres: 1.45 | Built: 1957 | MLS ID: 18060435 | Status: Active
FIXERS: 2 HOMES/2 meters on usable 1.45 acres. The main house is 1956 sq.ft, 3 bedroom 2.5 bath w/newer roof and central heating system. The living room has a fireplace and large slider with a great view of the back yard. Separate bonus room that can be used as a playroom. Detached second dwelling is a 650 sq.ft, 1 bedroom, 1 bath with living area and kitchen w/ it's own meter and septic line.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$550,000
Acres: 29.39 | MLS ID: 18034242 | Status: Active
Nearly 30 acres of usable acreage in the heart of Shingle Springs. Excellent location close to HWY 50 and Ponderosa High School. Zoned RE5 so possible split? EID lines run along Meder Road. Build your dream home here!
Listing provided courtesy of RE/MAX Gold Cameron Park
$575,000
Beds: 3 | Bath: 2.5 | Sq Ft: 2346 | Acres: 1.03 | Built: 1983 | MLS ID: 19000104 | Status: Active
Turn-key home with fresh interior paint, newly installed carpet, soaring wood vaulted beam ceilings and SIERRA VIEWS! One of a kind home on 1+ acre w/POOL located within minutes of schools, shopping, hwy access and amenities. Level lot with RV parking and space for ALL the TOYS! New heating/air unit, Milgard windows, multiple outdoor living areas and tons of fruit trees. Perfect home for entertaining. Move-in ready! Don't miss.
Listing provided courtesy of RE/MAX Gold Cameron Park
$595,000
Beds: 3 | Bath: 2 | Sq Ft: 2022 | Acres: 2.80 | Built: 1983 | MLS ID: 1811000439 | Status: Active
Charming and Beautiful Country home on 2.8 acres in Sleepy Hollow! 3 large Bedrooms plus office. New updated kitchen and fresh paint throughout the home. Beautiful moldings. New water heater and newer roof. The 2 car garage has a separate workshop in the back with its own entrance. Spectacular property with room for pool, Horse arena and Barn. Seasonal river at the bottom of the property. Minutes to Highway 50. A must see!
$675,000
Beds: 4 | Bath: 2 | Sq Ft: 2381 | Acres: 4.80 | Built: 1991 | MLS ID: 18079036 | Status: Active
Prepare to be amazed as you enter through your private gate into the tranquil park-like setting where your well-appointed SINGLE STORY with open concept floorplan awaits. Romantic master suite exudes detailed craftmanship. UPDATED KITCHEN! Extensive quality updates throughout the home make this property a rare find (See attached list). Newer infrastructure as well incl. roof & HVAC. Endless possibilities for amenities. Entire property is fenced and cross-fenced and only 7 mins to HWY 50!
Listing provided courtesy of RE/MAX Gold Cameron Park
$769,900
Beds: 4 | Bath: 4 | Sq Ft: 3168 | Acres: 10.03 | Built: 1991 | MLS ID: 18066421 | Status: Active
Desirable country home with GUEST QUARTERS situated on 10 private acres in exclusive Sun Ridge Ranch features an Ideal floor plan that lives like a SINGLE-STORY with separate entrance attached downstairs fully functioning for the in laws or extended family! Entertain in your upgraded kitchen with granite counter tops, Cherry cabinets and top of the line stainless-steel Kitchen Aid appliances. Main floor features two Master Suites! Bonus: 24x33ft detached garage/workshop for all your toys!
Listing provided courtesy of RE/MAX Gold Cameron Park
$865,000
Beds: 4 | Bath: 3 | Sq Ft: 2727 | Acres: 5.01 | Built: 1989 | MLS ID: 18054055 | Status: Active
You will be swept away by the peaceful surroundings in this meticulously maintained ranch home on 5 acres with majestic oaks. Tucked deep into the exclusive gated Milton Ranch Estates. 4 bedrooms, craft room, 3 full bathrooms. Kitchen with granite counters, Large family room with wood stove, formal dining room, separate living room.This home lives like a 1-story w/ master suite down & 3 bedrooms upstairs. 2-car attached garage, 4-car detached garage. Pastures and tack room. Perfect for horses!
Listing provided courtesy of RE/MAX Gold Cameron Park
$1,125,000
Beds: 3 | Bath: 3.5 | Sq Ft: 3492 | Acres: 5.10 | Built: 2008 | MLS ID: 18070249 | Status: Active
This private, custom Tuscan style estate hits everything on your must have list, and then some! Inside you'll swoon over the gourmet kitchen, abundance of natural light, tall ceilings, and ideal master retreat. Step outside into the central courtyard for one of many places to entertain guests. Between the infinity pool & spa, one of the best home playgrounds, horseshoe pit, batting cage, and orchard, where will your fondest memories take place?
Listing provided courtesy of RE/MAX Gold Rocklin
$1,395,000
Beds: 3 | Bath: 3.5 | Sq Ft: 4373 | Acres: 10.09 | Built: 2004 | MLS ID: 19001496 | Status: Active
Rare Find! This 10-acre dream home is located in a private, serene, natural setting - yet is just minutes from Hwy 50/Towne Center, El Dorado Hills and all amenities. Builders own home, built on flat to gently sloping terrain! Features include 2-HOMES - Detached 24 x 26 +/- Garage w/upstairs Offices - 3500sf newly constructed BARN - Horse Amenities - Salt Water POOL - Media Room - Fire Pit - Outdoor Kitchen - fenced Garden Area - Game Room! Master on main floor. Local VIEWS. Must see!
Listing provided courtesy of RE/MAX Gold Cameron Park
$1,400,000
Beds: 1 | Bath: 1 | Sq Ft: 744 | Acres: 200.00 | Built: 1937 | MLS ID: 18006418 | Status: Active
Located east of Sacramento in Shingle Springs area of the Sierra Nevada mountains, the Dutra Ranch is comprised of three (3) legal parcels totaling +/- 200-acres. Very high quality rolling ranch land with build-able parcels. Currently there sits a ranch cottage,w/1 bed & 1 bath,bath and kitchen updated! Perfect place to hang your hat after a day on the ranch! Current zoning is RE-10 (residential estate 10-acre minimum. 2-lakes,several natural springs, varying elevations from approx. 800'-1,500'
Listing provided courtesy of RE/MAX Gold Midtown
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