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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$0 - $750,000
MLS ID: 19019564 | Status: Active
Great development potential! 6.11 acres on Highway 70, direct off-ramp access. General Commercial zoning allows for many potential uses. Former Nicolaus High School property.
Listing provided courtesy of RE/MAX Gold
$1
Sq Ft: 2800 | Acres: 0.21 | Built: 1979 | MLS ID: 527566 | Status: Active
Tremendous opportunity to lease one of the most prestigious and sought after commercial properties in Fresno, all for a price of $1.35 a foot! These properties do not come available often. Additional unit #105 is for lease as well. Each unit is 2,800 feet. Perfect location minutes away from Fresno Airport, located right off the main street with ample parking.
$1
Sq Ft: 2800 | Acres: 0.21 | Built: 1979 | MLS ID: 527563 | Status: Active
Tremendous opportunity to lease one of the most prestigious and sought after commercial properties in Fresno, all for a price of $1.35 a foot! These properties do not come available often. Additional unit #105 is for lease as well. Each unit is 2,800 feet. Perfect location minutes away from Fresno Airport, located right off the main street with ample parking.
$1,000
Acres: 0.04 | MLS ID: 20191675 | Status: Active
$1,000
Acres: 0.04 | MLS ID: 20191676 | Status: Active
$1,695 for rent
Beds: 1 | Bath: 1 | Sq Ft: 687 | Built: 1984 | MLS ID: 21924615 | Status: Active
Try Condo Convenience-This Cozy 1 Bedroom, 1 Bath Downstairs Condo has a patio and is Available Now In Benicia! Just think no yard to mow, yet refreshing grounds and pool to enjoy. Designer paint colors, black granite counter tops indoor laundry. Water and garbage included. Catch it B4 it's gone!
Listing provided courtesy of RE/MAX Gold
$1,975 for rent
Beds: 2 | Bath: 1 | Sq Ft: 1087 | Acres: 0.02 | Built: 1984 | MLS ID: 21923172 | Status: Active
Gorgeous 2 bdrm/1 bath home nestled in the hills above Benicia State Park. Features include; contemporary kitchen w/ stainless steel appliances, maple cabinets, granite countertops, upscale bath finishes, stainless steel appliances, includes washer/dryer, private deck, ample storage, mature landscaping, community swimming pool, play area and much more...
Listing provided courtesy of Jordan Real Estate Group - RE/MAX
$2,300 for rent
Beds: 2 | Bath: 2 | Sq Ft: 998 | Acres: 0.08 | Built: 2015 | MLS ID: 21915750 | Status: Active
Avail Aug 15th: Very Clean Benicia 2 bedroom 2 bath Condo available August 15th! Full size washer and dryer included, granite counters and gas stove. Refridgerator included as well. Wood floor, no carpet. Central heat and air. Water and garbage included. No pets.
Listing provided courtesy of RE/MAX Gold
$4,500 for rent
Beds: 3 | Bath: 2 | Sq Ft: 2315 | Acres: 0.30 | Built: 1974 | MLS ID: 21923766 | Status: Active
12 month minimum,as long as 24 months, tenant to pay for all utilities, owner will pay for yard service. Furnished/Negotiable, Washer/Dryer Negotiable, Dogs and Cats ok, upon owners approval. Home is close to Annadel State Park, Beautiful Bennett Valley MCM Style Property.
Listing provided courtesy of RE/MAX Gold
$10,000
Acres: 0.48 | MLS ID: 19034524 | Status: Active
Come build your dream home or Vacation home. Situated in Grizzly Park. Close to El Dorado County National Forest.
Listing provided courtesy of RE/MAX Gold
$10,000
Acres: 0.62 | MLS ID: 19034538 | Status: Active
Build your Dream home or Vacation home, situated in Grizzly Park. Close to El Dorado County National Forest.
Listing provided courtesy of RE/MAX Gold
$10,000
Acres: 0.21 | MLS ID: LC19120480 | Status: Active
Can't find a home that suits you? Buy this and build your dream home! Only minutes from the up and coming Konocti Harbor Resort~re-opening soon! Located in the Kelseyville Clearlake Riviera this is priced to sell...buy it (while land is still affordable) build on it and make your dreams come true! In a nice private area too!
$12,000
Acres: 0.26 | MLS ID: LC18212159 | Status: Active
Two lots to be sold together in quiet neighborhood. Up slope with level building area and nice views. Utilities are available at the street. Lot size includes both APNs 034-591-03 and 034-591-48 (3999 Lakeview Ter.) There is no access from Lakeview Ter.
$12,500
Acres: 0.24 | MLS ID: LC19048132 | Status: Active
Lake views! Quiet neighborhood! Wonderful opportunity to build your dream home in a very peaceful area of the Rivieras!
$14,999
Acres: 0.19 | MLS ID: LC19137779 | Status: Active
Build your home in the enchanting village of Brooktrails - a unique location located 140 miles North of San Francisco. This nicely wooded lot is downslope from the street with a few neighbors nearby. .19 parcel size of a rectangular shape, secluded and private yet 10 minutes to the amenities of Willits. Water hookups are through the township of Brooktrails. Septic would have to be installed. Willits is the heart of Mendocino County surrounded by redwoods. Close to Hwy 101, just 30 minutes to Ukiah or 1 hour to the coastal community of Fort Bragg. Hiking trails and a golf course in the community. Nearby you can visit Mendocino Co wineries, ride the famous Skunk Train into the Forest, visit the coastal community of Mendocino and Fort Bragg, or enjoy gaming at the local casino. Come enjoy the serenity and relaxation – build your home in Brooktrails. Learn more at btcsd org MLS#LC19137779
$15,000
Acres: 0.51 | MLS ID: 20190685 | Status: Active
Two adjoining parcels with power right there and community water. Both lots to be sold together. Price is for both lots. Total acreage of both is .77 of an acre. Flat lots, need some brush clearing but otherwise ready for development. Located in an area that is close to several beautiful mountain lakes including Little Grass Valley lake, Lost lake, Sly creek reservoir, great snowmobiling in those areas too. Also close to Bullards bar dam lake and there are so many great outdoor things to do in this area.
$15,000
Acres: 0.51 | MLS ID: 19600883 | Status: Active
Two adjoining parcels with power right there and community water. Both lots to be sold together. Price is for both lots. Total acreage of both is .77 of an acre. Flat lots, need some brush clearing but otherwise ready for development. Located in an area that is close to several beautiful mountain lakes including Little Grass Valley lake, Lost lake, Sly creek reservoir, great snowmobiling in those areas too. Also close to Bullards bar dam lake and there are so many great outdoor things to do in this area.
Listing provided courtesy of RE/MAX Gold Yuba City
$15,000
Acres: 0.38 | MLS ID: 19021114 | Status: Active
Come build your dream home in Grizzly Park with nearby utilities. Great for vacation home or permanent residence.
Listing provided courtesy of RE/MAX Gold
$15,000
Acres: 0.24 | MLS ID: 19017842 | Status: Active
Seller is willing to split this parcel back into two separate parcels if someone wants to purchase just one for 7,500. Get on a waiting list to get a boat slip for approximately 450.00 per year.
Listing provided courtesy of RE/MAX Gold Stockton
$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
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