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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$80,000
Acres: 0.13 | MLS ID: 18032134 | Status: Active
Nice corner lot in desirable West Sacramento area to build your dream home or for investment.
Listing provided courtesy of Re/Max Gold Fair Oaks
$90,000
Beds: 3 | Bath: 2 | Sq Ft: 1305 | MLS ID: 18052518 | Status: Active
Why rent when you can build equity! Adorable 3bd/2ba cutie located in quiet West Sac park, nicely updated thru out, open floor concept, ss appliances, tile/wood flooring, jetted tub in masterbedroom, inside laundry room & tool shed for storage, washer & dryer included in sale. Conveniently located near shopping & freeway access. A must see!
Listing provided courtesy of RE/MAX Gold Woodland
$277,500
Beds: 2 | Bath: 1 | Sq Ft: 1005 | Acres: 0.15 | Built: 1952 | MLS ID: 18050205 | Status: Active
Quick! Grab this cute home with a large yard on a cul de sac! Who says you can't afford a home in the metro area. This affordable home is just waiting for you. Close to freeways and shopping.
Listing provided courtesy of RE/MAX Gold Natomas
$282,500
Beds: 2 | Bath: 1 | Sq Ft: 1005 | Acres: 0.15 | Built: 1952 | MLS ID: 1808000372 | Status: Active
Quick! Grab this cute home with a large yard on a cul de sac! Who says you can't afford a home in the metro area. This affordable home is just waiting for you. Close to freeways and shopping.
$299,900
Beds: 3 | Bath: 2.5 | Sq Ft: 1312 | Acres: 0.05 | Built: 2005 | MLS ID: 1805005684 | Status: Active
3 bedroom & 3 bathroom home with new laminate flooring and baseboards downstairs. New designer, two tone interior paint throughout the home. Carpets and home have been professionally cleaned to make this a truly move in ready home. Walking Distance to Southport Elementary School and all the shopping you need at the Southport Town Center. Grab an Uber to Downtown Sacramento, the Golden one Center and West Sacramento's Bridge District and the Barn.
$342,499
Beds: 3 | Bath: 2.5 | Sq Ft: 1440 | Acres: 0.06 | Built: 2006 | MLS ID: 18055161 | Status: Active
WOW! The off street premium location you have been waiting for! A kitchen with upgraded cabinets & granite leads to an open living/dining area prewired for surround sound, & established backyard garden w/planter box & patio. Upstairs loft w/large built in desk, master bedroom walk-in closet w/window, separate thermostat. Upstairs laundry room, 2-car tandem garage w/extra storage space. 15 minutes to downtown Sacramento. Part of the Bridgeway Lakes community with 12 acre park.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$385,000
Acres: 0.99 | MLS ID: 18040808 | Status: Active
ONE ACRE COMMERCIAL PARCEL ZONED (C1-C3) AT THE PATH OF DEVELOPMENT, ALL USABLE LAND WITH GRATE EXPOSURE 132 FEET FRONTAGE ON JEFFERSON BLVD AND 330 FEET DEPTH. THIS PROPERTY COULD BE POSSIBLY DEVELOPED IN CONJUNCTION OF NEIGHBORING PROPERTIES CURRENTLY IN MARKET.
Listing provided courtesy of RE/MAX Gold Sierra Oaks
$440,000
Beds: 4 | Bath: 2.5 | Sq Ft: 2549 | Acres: 0.11 | Built: 2008 | MLS ID: 18052915 | Status: Active
CALL THE MOVERS! Stunning home in Bridgeway Lakes. Open living concept features wide plank floors, newer carpet, recently painted, and ready for entertaining. The large kitchen sports granite counters, upgraded cabinets and backsplash, and an expansive island for the chef/baker in you! Relax in the spacious master bedroom with room for a sitting area. High efficiency air conditioner installed one year ago. Close to downtown. This is an incredible opportunity you won't want to miss.
Listing provided courtesy of RE/MAX Gold Midtown
$539,000
Beds: 4 | Bath: 3 | Sq Ft: 2914 | Acres: 0.15 | Built: 2006 | MLS ID: 18061769 | Status: Active
BEAUTIFUL AND GRAND TWO STORY HOME WITH 4 BEDROOM 3 FULL BATHROOM OVER 2900+ SQUARE FEET OF LIVING SPACE, DUAL MASTER SUITES, FORMAL MASTER DOWNSTAIRS WITH A LOFT UPSTAIRS THAT HAS ITS OWN FULL BATHROOM WHICH CAN BE EITHER ANOTHER MASTER SUITE OR A GAMING AREA. THE POTENTIAL 5TH BEDROOM WHICH HAD ALREADY BEEN CONVERTED TO A BEDROOM, CAN BE EITHR CONVERT BACK TO A FORMAL DINNING ROOM OR AN OFFICE. NICE BACKYARD WITH GOOD SIZE SWIMMING POOL CAN KEEP YOU SUMMERS COOL AND FUN!
Listing provided courtesy of RE/MAX Gold Laguna
$540,000
Beds: 2 | Bath: 2.5 | Sq Ft: 1456 | Acres: 0.04 | Built: 2015 | MLS ID: 18046706 | Status: Active
Perfect for anyone wanting a low-maintenance life style! Located in the Park Moderns, minutes to Downtown Sac, a quick walk to the Ball Park and right around the corner from the Barn! This 2 bedroom, 2.5 bath beauty boasts modern architecture, and a wide open airy design. Sharp kitchen,features stainless steel appliances.Front patio with fireplace overlooking the park.Extra space in garage for a home office setup, gym, etc.
Listing provided courtesy of RE/MAX Gold Midtown
$545,800
Beds: 4 | Bath: 3 | Sq Ft: 3157 | Acres: 0.13 | Built: 2004 | MLS ID: 18057054 | Status: Active
Bridgeway lakes beauty! Possible 6 bedrooms, recently remodeled kitchen and wood flooring. Upgrades throughout; cherry cabinets, tile & wood floors, custom blinds, surround sound, custom paint, fully landscaped backyard, and an extra deep finished garage with epoxy flooring & cabinets. This home is immaculate & perfect for large families or multi families. Great Southport location, NO HOA. Call me for APPROVED Yarbrough Development (behind home) equestrian trails, golf course, lake & much more.
Listing provided courtesy of RE/MAX Gold Natomas
$568,000
Beds: 4 | Bath: 3 | Sq Ft: 3157 | Acres: 0.13 | Built: 2004 | MLS ID: 1807000188 | Status: Active
Bridgeway lakes beauty! Possible 6 bedrooms, recently remodeled kitchen and new wood flooring. Upgrades throughout include cherry cabinets, tile and wood floors, custom blinds, surround sound, custom paint, fully landscaped backyard, and an extra deep finished garage with epoxy flooring. This home is immaculate and perfect for large families or multi family living. Great Southport location, no back neighbors, country feel in the city.
$625,000
Acres: 1.66 | MLS ID: 18027310 | Status: Active
RARE FIND, 1.66 ACRES COMMERCIAL PROPERTY ZONED C-3 IN THE PATH OF DEVELOPMENT, ALL USABLE LAND WITH 228 FEET FRONTAGE ON JEFFERSON BLVD.THIS PARCEL COULD BE PURCHASED WITH ADJOINING PARCEL 2860 MARSHALL RD (MLS# 16023018) AND POSSIBLEY WITH PARCELS OF 3360 & 3354 JEFFERSON BLVD.(CURRENTLY NOT IN THE MARKET) TO ASSEMBLE TOTAL OF APROX. 4.78 ACRES LAND FOR COMMERCIAL DEVELOPMENT.
Listing provided courtesy of RE/MAX Gold Sierra Oaks
$850,000
Beds: 4 | Bath: 3 | Sq Ft: 3941 | Acres: 1.00 | Built: 1984 | MLS ID: 18040228 | Status: Active
Fantastic opportunity in rural West Sacramento! This spacious 4/3 w/3941 SF home is situated on a huge 1 ac lot! Home lives like a single-story, but has an awesome bonus room upstairs too! The home boasts large formal living & dining rooms, a separate family room w/fp, breakfast nook area in the open kitchen, and spacious bedrooms. Plenty of space for all your toys with an extra detached 2-car garage! You'll love the country feel yet be less than 10 minutes from Downtown Sac!
Listing provided courtesy of RE/MAX Gold Natomas
$1,884,000
Beds: 4 | Bath: 1 | Sq Ft: 2600 | Acres: 30.20 | MLS ID: 17047870 | Status: Active
This Farm with a Home and Barn sits at the back edge of the Yarbrough Golf Course project(start date unknown) but it s your chance is own 30 (+_) ac's of prime land in the path of development. Do not let opportunity pass you by, live in the home and have some farming income while you wait for the housing projects to start up.
Listing provided courtesy of RE/MAX Gold
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