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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$48,500
Beds: 2 | Bath: 2 | Sq Ft: 800 | MLS ID: 18070905 | Status: Active
Cute and clean, ready for a new owner. Large living area in front with lots of windows. Dining area with hutch built in...small laundry area off kitchen. Master suite has shower and guest bath has a shower over tub. The yard is great with a large shed out back and another small storage shed off carport area. Front door has a nice covered deck to enter home.
Listing provided courtesy of RE/MAX Gold
$48,500
Beds: 2 | Bath: 2 | Sq Ft: 960 | MLS ID: 201803214 | Status: Active
If you are in the market for a home in a park...then you must see this move-in ready 2 bedroom 2 full bathroom manufactured home. It is located in Villa Seville Family park in Olivehurst. You walk into an Open concept living space while enjoying the convenience of a separate laundry room and a soaking/garden tub. the front porch is warm and inviting to have your coffee in the morning or just a relaxing evening with your neighbors.
$49,000
Acres: 0.22 | MLS ID: 503167 | Status: Active
Very plush lot with mixture of mature trees and small saplings that are still virulently green with the forest colors. Lowest priced lot in Shaver Lake with county water and sewer. Great opportunity to build in the popular Ockenden Ranch subdivision that will include community garbage, tennis courts and picnic area by the pond. All utility including TV and phone are under ground services. The wide roads offer street parking. Minimal square foot to build is 1,200 if you would like to have a smaller mountain cabin. Best part is how green this lot lots with all the full age of green trees. Possible owner carry also.
$50,000 - $55,000
Beds: 2 | Bath: 2 | Sq Ft: 1040 | MLS ID: 18062505 | Status: Active
Move in ready double wide mobile in gated senior park. Spacious living space with 2 bedroom 2 bath 1040 sq ft. Park has clubhouse with pool, spa, exercise room, game room, close to public transportation and shopping.
Listing provided courtesy of RE/MAX Gold Midtown
$52,000
Acres: 4.46 | MLS ID: 502003 | Status: Active
Great location to build a home in Prather only minutes from super market, CVS, Post Office and more. Great view from the elevated building site. Native oaks and pine. call for free map...
$54,900
Acres: 5.01 | MLS ID: 20170041 | Status: Active
Why is this one of the nicest vacant parcels in the whole area? It is level, has paved road access, Meter base and phone line installed on property, located in an area of good wells, and has nice local views and is entirely walk-able with little brush. It's fenced on two sides. It's certainly rural but also close to the post office, store, community center and local lakes and streams. Imagine your dream home here in affordable Yuba county on a parcel with lower development costs.
$54,900
Acres: 5.01 | MLS ID: 20170041 | Status: Active
Why is this one of the nicest vacant parcels in the whole area? It is level, has paved road access, Meter base and phone line installed on property, located in an area of good wells, and has nice local views and is entirely walk-able with little brush. It's fenced on two sides. It's certainly rural but also close to the post office, store, community center and local lakes and streams. Imagine your dream home here in affordable Yuba county on a parcel with lower development costs.
$55,000
Beds: 3 | Bath: 2 | Sq Ft: 2000 | MLS ID: 201801607 | Status: Active
SELLER MOTIVATED...house is in process of being Updated! Triple-wide with a lot of potential - currently a 2 bedroom 2 full bathrooms but can be converted to a three bedroom.. Located in Villa Seville a Family park with a swimming pool to enjoy this summer.
$55,000
Acres: 1.20 | MLS ID: 18041437 | Status: Active
There is a graded area where Seller was going to put a home but the county rezoned and now requires some type of commercial on the property before allowing any residential. Investigate with county to find allowable uses.
Listing provided courtesy of RE/MAX Gold Cameron Park
$55,000
Beds: 2 | Bath: 1 | Sq Ft: 756 | MLS ID: 18068020 | Status: Active
Tall trees and the smell of the pines! Relax in your well cared for home, minutes from camping, hiking, water skiing, and fishing at Jenkinson Lake. It is very close to the freeway, Apple Hill, shopping and less than an hour from Sierra at Tahoe Skiing.
Listing provided courtesy of RE/MAX Gold
$55,000
Acres: 4.27 | MLS ID: 512245 | Status: Active
Beautiful 5 acres in Auberry. The perfect property for you to build your dream home! Native Oaks and Pines, nice view of surrounding mountains. Aprox.1.5 miles above Prather via Blue Heron Lane.
$55,000
Acres: 1.00 | MLS ID: 18068993 | Status: Active
WOW....Hard to find a 1 acre lot to build on that is this level. Enjoy the local deer roaming free. The owner of this lot is also selling their house right next door so, really, no need to build unless you want to put a shop or barn for your horses.
Listing provided courtesy of RE/MAX Gold Lodi
$55,000
Beds: 2 | Bath: 1 | Sq Ft: 730 | MLS ID: 18062612 | Status: Active
Space rent $525.00 the sq ft is estimated buyer to verify, these are two 40 by 10 units together. Water, sewer and garbage are included in the space rent. Ask for park application and rules & regulations.
Listing provided courtesy of RE/MAX Gold Lodi
$59,000
Acres: 0.48 | MLS ID: 509228 | Status: Active
This great Shaver location is the destination you have been looking for!!! Peace and serenity, paved roads along with privacy year around. This estate size lot is ideal for building the Shaver Lake dream home you have always wanted. Whether it is for vacation use or full time living, this beautiful wooded homesite is a must see!
$59,500
Beds: 2 | Bath: 2 | Sq Ft: 1440 | MLS ID: 201802634 | Status: Active
Comfortable living in a quality, family friendly neighborhood with many amenities. Best views in the entire park according to current owner. On a clear day you can see the Buttes and Mt Lassen & Shasta from the front porch! All this and more at an affordable price! Swimming pool; clubhouse with kitchen privileges, game room, and more all included. Large master bath, separate but open family room/ den. Laundry & bathroom just off rear entrance; straight ahead to kitchen, with pantry! Lots of storage in master bath (actually throughout entire home). Virtually no traffic; home is in center of park, and only 1 block from that huge clubhouse, pool, etc. Home had upgrades and repairs only 3 years ago. Seller moving out of area giving YOU this
$59,500
Acres: 5.60 | MLS ID: 15050291 | Status: Active
REDUCED!!!!LOT 5 IN CANYON VIEW ACRES*NICE LOCAL VIEWS OF THE MIDDLE FORK RIVER CANYON ALL ON 5.6 ACRES*CLOSE TO RIDING TRAILS*NEAR THE END OF THE ROAD*PRIVATE PROPERTY*MANY TREES*BUILD YOUR HOME AND CAPTURE THE CANYON VIEWS OF THE AMERICAN RIVER*GREAT AREA AND LOCATION FOR RECREATION*PAVED PRIVATE RD*NEEDS WELL AND SEPTIC*GREAT PROPERTY TO BUILD YOUR DREAM HOME WITH A VIEW*
Listing provided courtesy of RE/MAX Gold
$59,900
Acres: 0.30 | MLS ID: 17074431 | Status: Active
Your chance to buy 2 Parcels, Corner Lot, Alemar Way/Plumas St. Excellent opportunity to develop income Multi Family across the street. Currently zoned R-1. All utilities at the street. Investor/Developer potential on rare infill lot in Yuba City. Flat Level Building lots. 2 lots under 1 parcel number. Listing Agent has verified with the Assessors office that this is 2 lots. Call your agent for Plat Map
Listing provided courtesy of RE/MAX Gold Rocklin
$59,900
Sq Ft: 378100 | Acres: 8.68 | MLS ID: 201801915 | Status: Active
Live by a lake! Magical meadows, vibrant views! Explore these appealing 8.68 acres on a quiet road offering long range vistas, beautiful view of Collins Lake, awesome tranquility and complete privacy removed from urban stresses. Enjoy the sights, sounds and serenity of nature on laid back land waiting for discovery and ready for refinement. Beautiful, peaceful land ready for your new home. There are riding trails, and hiking trails on hundreds of acres of a California Fish and Wildlife refuge, that are open to the public less than a mile away!
$59,950
Acres: 3.04 | MLS ID: 17071984 | Status: Active
Hard to come by 3 acres in this area. Ready for that new home to be built or vacation home. Property can be accessed either from Rex Rd or Moore Ct ~ You choose!
Listing provided courtesy of RE/MAX Gold Lodi
$60,000
Acres: 5.87 | MLS ID: 18036638 | Status: Active
Private secluded parcel, beautiful local view, Build your dream home in the mountains. Close to Jenkinson Lake and 1 hour to Lake Tahoe.
Listing provided courtesy of RE/MAX Gold
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