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 Stockton, CA

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$0 - $350,000
MLS ID: 19015753 | Status: Active
Hard to come by tri-level Commercial downtown property (professional/retail/restaurant, storage, training facility, Special education and training, indoor recreation facilities,etc.) Currently is wigs retail store. Unit need some TLC but all three levels are usable spaces. It's in the heart of downtown, 100 block from the court house, County Records building, school, Chase Bank, coffee shop and restaurants. Buyer need to verify the square footage and year built with City of Stockton.
Listing provided courtesy of RE/MAX Gold Stockton
$129,000
Beds: 1 | Bath: 1 | Sq Ft: 836 | Acres: 0.05 | Built: 1951 | MLS ID: 1906000296 | Status: Active
Affordable and quaint one bedroom home with fenced yard. Great investment opportunity. Cozy living room, open kitchen, indoor laundry.
$150,000
Beds: 2 | Bath: 1 | Sq Ft: 1060 | Acres: 0.16 | Built: 1946 | MLS ID: 1910000243 | Status: Active
2 bedroom home on a corner lot in need of extensive TLC. Fixer-needs repairs. But after repairs this home could be a great starter home or investment opportunity. Garage conversion starter but not completed.
$196,000
Beds: 2 | Bath: 2 | Sq Ft: 1032 | Acres: 0.01 | Built: 1979 | MLS ID: 19072202 | Status: Active
Extreme low maintains. Owner only pay for electric and gas because $314 HOA covers water, sewer, garbage, home insurance, maintains roof and maintains exterior walls. HOA also cover outside landscaping and gated community. This home is located in the great school area Lincoln High School. Refrigerator included in the sale.
Listing provided courtesy of RE/MAX Gold Laguna
$234,000
Beds: 2 | Bath: 1 | Sq Ft: 1229 | Acres: 0.12 | Built: 1953 | MLS ID: 19055561 | Status: Active
Cute 2 bedroom, 1 bath bungalow located in the Country Club area. Easy freeway access to HWY 5. Features 1229 square feet of living space plus a large backyard perfect for entertainment.
Listing provided courtesy of RE/MAX Gold Stockton
$235,000
Beds: 2 | Bath: 1 | Sq Ft: 901 | Acres: 0.12 | Built: 1972 | MLS ID: 19071824 | Status: Active
Charming halfplex nestled in a lovely location! Fall in love with this cute home that features two bedrooms and one bathroom. cozy living space and laminate flooring throughout! Enjoy the beautiful backyard on cool evenings. Tangerine, lemon, and orange trees. Make it yours today!
Listing provided courtesy of RE/MAX Gold Lodi
$240,000
Beds: 2 | Bath: 1.5 | Sq Ft: 1044 | Acres: 0.12 | Built: 1930 | MLS ID: 19071174 | Status: Active
Older 2-Bdrm 1+bath home on corner lot near St Joseph's Hospital. Stucco exterior with 1-car detached garage. 10x9 Den (could be used as 3rd Bdrm) plus extra toilet in laundry area. Nice laminate wood and ceramic tile flooring. Also includes upgraded dual-pane windows. Owner is anxious and is ready to work with a reasonable offer!
Listing provided courtesy of RE/MAX Gold Stockton
$249,888
MLS ID: 17052567 | Status: Active
Opportunity knock!! Great opportunity to own your own building.
Listing provided courtesy of RE/MAX Gold Stockton
$259,900
Beds: 3 | Bath: 2 | Sq Ft: 1277 | Acres: 0.23 | Built: 1949 | MLS ID: 19060504 | Status: Active
Older traditional 3 bedroom 2 bath home with 1/2 partial basement on a huge 80x129 completely fenced lot. Includes 2 storage sheds, detached garage/workshop and lots of extra concrete parking areas. Interior rooms are large with new paint. Composition roof is approximately 4 years old. East Stockton area near Hwy 99 and Hwy 4 crosstown freeway.
Listing provided courtesy of RE/MAX Gold Stockton
$269,000
Beds: 4 | Bath: 2 | Acres: 0.10 | Built: 1920 | MLS ID: 19063870 | Status: Active
Both units have been remodeled in 2019. Updated flooring, bathrooms, kitchen cabinets, appliances, and granite counter tops- interior and exterior paint. Current tenant is moving out and new tenant is month to month. Owner is in process of working with section-8 for $1100 per month for each unit. Great cash flow still. Please submit offer subject to viewing.
Listing provided courtesy of RE/MAX Gold Stockton
$279,900
Beds: 4 | Bath: 2 | Sq Ft: 1290 | Acres: 0.18 | Built: 1950 | MLS ID: 1906000040 | Status: Active
This comfortable and roomy home is situated in the desirable Country Club Area. You'll find an open floor plan with beautiful tile floors, dual pane windows and an open beam ceiling. The contemporary feel of the home is enhanced by the remodeled kitchen with contemporary cabinetry and granite countertops. There's a conveniently located laundry room, too. The fourth bedroom is located at the front of the house. This flexible space could be a spacious office or game room. The master bedroom is comfortably sized and the master bath has a dual vanity and shower stall. The back yard is large and well suited for entertaining. There may be room to park an additional vehicle, boat or RV. This home is a must see!
$280,000
Beds: 3 | Bath: 2 | Sq Ft: 1277 | Acres: 0.23 | Built: 1949 | MLS ID: 1908001449 | Status: Active
Older traditional 3 bedroom 2 bath home with 1/2 partial basement on a huge 80x129 completely fenced lot. Includes 2 storage sheds, detached garage/workshop, above ground swimming pool and lots of extra concrete parking areas. Interior rooms are large with new paint. Composition roof is approximately 4 years old. East Stockton area near Hwy 99 and Hwy 4 crosstown freeway.
$285,000
Beds: 4 | Bath: 3 | Acres: 0.17 | Built: 1935 | MLS ID: 1909000089 | Status: Active
Rare opportunity to own 3 houses on 1 spacious lot with lots of room for expansion. Nice clean units. Great investment or perfect for someone looking for a cozy house with rental opportunity with the 2 smaller units in the back or could be nice mother-in-law units. Large open lot with lots of room for privacy and garden, etc. Garage illegally converted but with proper permits could potentially become a 4th unit (check with county) or convert back into garage or simply use for storage. Priced to sell, will not last.
$288,000
Beds: 4 | Bath: 2 | Acres: 0.13 | Built: 1948 | MLS ID: 19065465 | Status: Active
Great Location! Duplex with additional newer structure at rear of property. Extensive concrete driveway for abundant on-site parking. Close to shopping, schools, medical center, parks, freeway access.
Listing provided courtesy of RE/MAX Gold
$289,900
Beds: 3 | Bath: 2 | Sq Ft: 1300 | Acres: 0.18 | Built: 1964 | MLS ID: 1903001267 | Status: Active
Come home to something special with this updated Country Club area home. The gleaming wood floors, well lit rooms and classic design set the stage for a comfortable lifestyle. The spacious kitchen features granite counters, a travertine backsplash and a dual compartment dishwasher. Updates include dual pane windows, a cozy gas fireplace insert and contemporary recessed lighting. The master bath remodel is sharp! Check out the large side yard to see if your boat or small RV might fit. The front yard is alive with spring, while the back yard features a tool shed, a wooden deck and a shade tree for the summer ahead. Not to be missed!
$290,000
Beds: 3 | Bath: 2 | Sq Ft: 1254 | Acres: 0.15 | Built: 1946 | MLS ID: 19071448 | Status: Active
This is the one !! Come in make this house your HOME, Charming location with 3 bedrooms & 2 Baths, entertaining backyard with a POOL ! What else are you looking for ? Not in a flood zone. Great Neighborhood Watch, easy access to freeway I-5
Listing provided courtesy of RE/MAX Gold Stockton
$300,000
Beds: 6 | Bath: 4 | Acres: 0.14 | Built: 1980 | MLS ID: 1805005871 | Status: Active
This Duplex is being sold AS IS. Seller will do no repairs.Both units are occupied with long term tenants. Each unit is 3 bedroom 2 bath and 2 car garage. Unit 1 9552 Kelley, has an alarm system that landlord pays. Tenants do their own property maintenance. Units have granite counter tops, drapery and laminate flooring. Units have newer appliances. For pics contact agent per tenant request of privacy.
$300,000
Beds: 4 | Bath: 2 | Sq Ft: 1313 | Acres: 0.14 | Built: 1950 | MLS ID: 1811000635 | Status: Active
Just in time for the Holidays. Charming home in the heart of Stockton. Blocks from shopping & UOP. Seller very motivated.. bring your buyers. More pictures to follow!
$309,995
Beds: 5 | Bath: 2 | Acres: 0.17 | Built: 1979 | MLS ID: 19023173 | Status: Active
Attention Investors!!! Must See!! Upgraded Duplex! 3 bedroom and 1 Bath on one unit and 2 Bedroom and 1 Bath on the other unit. Both units have newer AC units installed with dual pane windows throughout. Upgraded exterior stucco with stamped concrete in the front yard and the back yard! One unit has granite counter tops with upgraded cabinets! One unit's bathroom is fully tiled from floor to ceiling with granite counter tops! Both units have beautiful two tone painted tray ceilings! Tiled Floors throughout! Both units have inside laundry rooms! One unit has a huge back yard! Storage sheds galore in the back of one unit with cement walkway! Wrought iron fence in the front with a covered car port for parking! Close to school/shopping and I-5
Listing provided courtesy of RE/MAX Gold Stockton
$315,000
Beds: 2 | Bath: 1.5 | Sq Ft: 1348 | Acres: 0.02 | Built: 1971 | MLS ID: 19068843 | Status: Active
BEAUTIFUL Lincoln Village West townhouse. Meticulously updated, do absolutely nothing but move in. RARE OPPORTUNITY to own a stunning unit with lots of natural light and a gorgeous view of the lake. Beautiful entry/courtyard, custom mahogany door. Welcome home to a cozy living room, crown moulding throughout, remodeled kitchen with large window, newer stainless steel appliances, shaker cabinets with self closing drawers, spice drawer next to the stove. Enjoy beautiful sunset dinners inside or out. Inside dining area has lots of natural light. Private back patio w/ stamped concrete, perfect for cozy morning breakfasts or quiet dinners. Short walk to the pool & docks. Downstairs bath & laundry combo, Two spacious upstair rooms with walk i
Listing provided courtesy of RE/MAX Gold Stockton
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CAMETROLIST
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.
CAMETROLIST is current as of 10/19/2019.

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