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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$3,200
MLS ID: 21804757 | Status: Active
Great location in downtown Napa. Owner remolded entire restaurant 7 years ago .Property has a beer and wine bar and license .Kitchen is just 7 years new. purchase price of business and all equipment is $265.000 lease is 3 years with 5 year option
Listing provided courtesy of RE/MAX Gold Napa
$3,500 for rent
Beds: 4 | Bath: 3 | Sq Ft: 1828 | Acres: 0.15 | Built: 1990 | MLS ID: 21810687 | Status: Active
For Rent in Windsor. New tile floors, counter tops & tile shower stalls in all three bathrooms. New laminate flooring downstairs, living room, kitchen,and bedroom. Inside laundry room. New interior paint ceiling, walls, doors. New carpet on staircase up to hallway and into all 3 bedrooms upstairs. Large yard room 4 boat/camper storage./Smoking/subleasing.
Listing provided courtesy of RE/MAX Gold
$4,500
Acres: 0.15 | MLS ID: LC17119256 | Status: Active
Build a home on this rural country lot setting in the quaint town of Nice, Ca. Peace and quite, surround the rolling hills of Lake County, known for fishing, family fun, casino gaming and much more. The local economy is based primarily on agriculture, winegrape-growing and famous for its pears and walnuts. Nice, Ca a relaxing, slow paced community, a natural wonderland! Buyer needs to investigate the availability of utilities.
$4,977 for rent
Built: 2006 | MLS ID: 18035548 | Status: Active
Office Warehouse for lease. Approximately 1,447 sf, two story office and approx. 1,871 sf warehouse which includes a lab area. Rare, newer office-warehouse opportunity in North Natomas. Immediately off the freeway, Great condition, move-in ready.
Listing provided courtesy of RE/MAX Gold
$5,000
Acres: 0.12 | MLS ID: LC16714217 | Status: Active
THREE LOTS FOR THIS PRICE? THIS IS A BARGAIN AND WONT LAST LONG. OWNER WANTS A QUICK SALE !
$5,700 for rent
Beds: 3 | Bath: 3 | Sq Ft: 2300 | Acres: 0.26 | Built: 1958 | MLS ID: 21811661 | Status: Active
Enchanted Knolls neighborhood minutes from the conveniences & easy travel to San Francisco. When selecting the perfect location this Mid-Century home has it all! 3 Bedrooms, remodeled open kitchen w/Jenn-Air gas cook-top, quartz counters & tile backsplash, open living area, deck to enjoy outdoor dining & entertaining. Off-street 4-car parking, Central Heat & A/C, Tankless Water Heater. Dual Pane Windows, Wood Floors and more.
Listing provided courtesy of RE/MAX Gold
$8,000
MLS ID: LC17045512 | Status: Active
Corner lot, flat with gentle upslope, electrical pole nearby, and parcel adjacent to this is also for sale along with a parcel directly behind on Peony St...purchase all 3 for $24,500 and have room to build your new home, place a manufactured home and build a garage too!
$8,000
MLS ID: LC17045497 | Status: Active
Great lot, mostly flat, with electrical pole nearby. Parcels to the left facing Sonoma Ave., also available for sale, purchase all 3 lots for $24,500 and build your new home, place a manufactured home and/or add a garage too!
$9,500 for rent
Beds: 4 | Bath: 3 | Sq Ft: 2601 | Acres: 0.17 | Built: 2000 | MLS ID: 21811616 | Status: Active
This home requires a 12 month lease, pets allowed upon owners approval, tenant must supply insurance naming subject property as additionally insured. This desirable home features beautiful improvements and comes with all the bells and whistles. Must see for yourself.
Listing provided courtesy of RE/MAX Gold
$9,800 for rent
Beds: 4 | Bath: 5 | Sq Ft: 4080 | Acres: 0.21 | Built: 2001 | MLS ID: 21811613 | Status: Active
12 month lease, No pets allowed. Monthly yard maintenance. Partially furnished. Tenant to provide renters insurance, naming subject property as additionally insured.
Listing provided courtesy of RE/MAX Gold
$10,000
MLS ID: LC17045530 | Status: Active
Build your new home here! Lot next door and another adjacent lot to the north available too! Buy all 3 lots for $24,500 and have plenty of room for all of your toys. Place a manufactured home, build a garage, build, build, build!
$12,000
MLS ID: LC17242107 | Status: Active
Serene .54 acre lot backing up to seasonal creek on a quiet, relatively undeveloped street! Easy access and set under a beautiful canopy of trees - untouched by the Valley Fire. Come and create your dream property! Parcel map in supplements
$12,000
Acres: 0.23 | MLS ID: 201801820 | Status: Active
If you are looking to have a small piece of property in the hills but yet close to town these are the parcels that you are looking for. These lots give you the feeling of country living, but yet close proximity to shopping and Hospital. This lot is 52'X 100'and the second lot is 47'x100', waiting to be developed. Sale includes APN#042-341-06-00, Both parcels are to be sold together. Combined these two lots and it would give you a great home site. No Utilities on lot. Use parcel map to locate lot.
$12,000
Acres: 0.24 | MLS ID: 201801821 | Status: Active
This lot gives you the feeling of country living, but yet close proximity to shopping and Hospital. This lot is 53'X 100' times two, waiting to be developed. Sale includes APN#042-341-09-00, Both parcels are to be sold together. Combined these two lots and it would give you a great home site. No Utilities on lot. Use parcel map to locate lot.
$13,500
Acres: 0.41 | MLS ID: 17044321 | Status: Active
Beautiful treed parcel in Grizzly Flats. .4056 of an acre. Located at the end of a Cul-de-sac.
Listing provided courtesy of RE/MAX Gold
$15,000
Acres: 0.33 | MLS ID: 20925811 | Status: Active
Nice build able lot in court location.
Listing provided courtesy of RE/MAX Gold Napa
$15,000
Acres: 0.35 | MLS ID: 21810263 | Status: Active
Beautiful views of the mountain and valley! Buildable lot in Napa County with water, sewer access and electricity at pole. Only a few miles to Lake Berryessa and Putah Creek. A great lot to put a modular or stick built home for that vacation home or primary residence! A steal at this price!
Listing provided courtesy of RE/MAX Gold
$17,500
Acres: 0.20 | MLS ID: 20162562 | Status: Active
A great solution to the lack of affordable houses in the Foothills, build your own! Watch the youtube video, see the beautiful lake! Watch the Youtube video! https://youtu.be/qJXnWIye9LU This lot will be inexpensive to develop, water from the private water system is right there at the property, no need for a well drilling. Power is right there at the property, paved road access. Only minutes to Lake Frances, post office and restaurant and school. This could be an investor opportunity as well! This is the least expensive lot for sale for miles around!
$17,500
Acres: 0.20 | MLS ID: 20162562 | Status: Active
A great solution to the lack of affordable houses in the Foothills, build your own! Watch the youtube video, see the beautiful lake! Watch the Youtube video! https://youtu.be/qJXnWIye9LU This lot will be inexpensive to develop, water from the private water system is right there at the property, no need for a well drilling. Power is right there at the property, paved road access. Only minutes to Lake Frances, post office and restaurant and school. This could be an investor opportunity as well! This is the least expensive lot for sale for miles around!
$18,000
MLS ID: LC17094432 | Status: Active
Build your home here in Brooktrails - a Vacation Village. Located approximately three miles west of the City of Willits, Ca, and about 45min from the coastal community of Fort Bragg. Brooktrails offers residents an environment within a mixed redwood forest where you can see the stars at night and breathe clean air. Close to the Redwood Park offers residents and visitors a nine-hole golf course, picnic tables, a Par Course for running and exercise, a baseball field, and an extensive forest hiking trail system. A community center building is available to rent for events. Surrounded by rolling hills, natural water source and wonderful wildlife. Paved roads. No HOA's - Located on a corner lot.
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