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 95818

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$0 - $590,000
Beds: 3 | Bath: 2 | Acres: 0.14 | Built: 1947 | MLS ID: 19049574 | Status: Active
Superb Duplex Located in one of the Hottest Markets in the USA, Sacramento, California. Investment Property is Adjacent to the Burgeoning Downtown Sacramento City and This Neighborhood is Starting to Boom. Interior of Property is Clean and Well Maintained, but with No Updates. Exterior is Clean and Could Use Paint or Stucco at Minimal Costs. All High Ticket Items have been COMPLETED by the Seller. HVAC Unit, Totally revamped and Installed within the Past Few Years. Composition Roof has been Replaced and ALL Dryrot Issues Completed by Seller in the Past Few Years, Same Time as HVAC Unit. This Property has Good Bones, Great Rental Track Record and Ready to go!! Little to No Work Needed to get Started, this is it!
Listing provided courtesy of RE/MAX Gold Laguna
$450,000
Beds: 2 | Bath: 1 | Sq Ft: 1101 | Acres: 0.13 | Built: 1947 | MLS ID: 1906000581 | Status: Active
Experience this adorable, updated two bedroom cottage in Land Park! You won't need to lift a finger moving into this home with hardwood floors, designer tile and plush carpeted floors. The remodeled kitchen features quartz counter tops, custom tile back splash and stainless steel appliances. Everything was thought of - from the tasteful pops of interior color to the artful finishes in the updated bathroom. Make this your home and come relax in your beautiful backyard with mature landscaping. Close to Golden 1 Center, Crocker-Riverside Elementary, and local restaurants!
$525,000
Beds: 2 | Bath: 2 | Sq Ft: 1551 | Acres: 0.15 | Built: 1943 | MLS ID: 19067842 | Status: Active
Beautiful Land Park home! 2 full bathrooms. Open floor plan, see updates: New Roof, New windows, New hardwood, tile and laminate flooring throughout the home. New gas oven. Updated sewer line. Clear pest on home. Large open floor plan with french doors going from the family room to the back patio. Inside Laundry room. Formal living room opens to formal dining room and family room. Big backyard with deck, perfect for entertaining , gardening or enjoying the perfect setting. Located close to boutiques, restaurants, Tower Theater and beautiful parks. Dead end street off street parking wrought iron fence. Lots of windows provide natural lighting. Must see, will not last long! Seller relocating so will leave Washer and Dryer and refrigerator. C
Listing provided courtesy of RE/MAX Gold Sierra Oaks
$525,000
Beds: 2 | Bath: 2 | Sq Ft: 1551 | Acres: 0.15 | Built: 1943 | MLS ID: 1909005177 | Status: Active
Beautiful Land Park home! 2 full bathrooms. Open floor plan, see updates: New Roof, New windows, New hardwood, tile and laminate flooring throughout the home. New gas oven. Updated sewer line. Clear pest on home. Large open floor plan with french doors going from the family room to the back patio. Inside Laundry room. Formal living room opens to formal dining room and family room. Big backyard with deck, perfect for entertaining , gardening or enjoying the perfect setting. Located close to boutiques, restaurants, Tower Theater and beautiful parks. Dead end street off street parking wrought iron fence. Lots of windows provide natural lighting. Must see, will not last long! Seller relocating so will leave Washer and Dryer and refrigerator.
$599,999
Beds: 3 | Bath: 1.5 | Sq Ft: 1276 | Acres: 0.10 | Built: 1938 | MLS ID: 1906000624 | Status: Active
Charming, picture perfect bungalow tucked away right off of Land Park Drive on desirable street. Beautiful original hardwood flooring. Completely remodeled kitchen with full sized appliances & laundry rm includes washer /dryer. Cozy breakfast nook in the kitchen. Spacious 3 bedrooms and a formal living room with fireplace. Formal dining room walk in closets, Master has a half bath. Freshly painted interior & exterior trim. New led lighting throughout. Hall bath updated, original tub. 2 Car detached garage, nice size backyard with access to outdoor shower. Priced to sell, this one won't last very long! Low maintenance landscape. See it today.
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 10/17/2019.

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