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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$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: 2 | Sq Ft: 900 | MLS ID: 201802331 | Status: Active
Just relocated to the Park - ready for your personal touch to make this your home. Currently being finished being set in the space. Sold AS-IS but can be remodel / updated. Stop by the office and get pre-approved before this wonderful 2 bedroom 2 bathroom home is gone.
$55,000
Beds: 2 | Bath: 2 | Sq Ft: 900 | MLS ID: 201802330 | Status: Active
AS-Is condition - seller motivated! This 2 bedroom 2 bathroom home has been relocated to Villa Seville Mobile home park - a great family park. Park is located between hwy 70 and 65 - great commuter location. Seller can remodel / update the home prior to move-in. Are you ready to be a home owner? Stop by the park and get pre-approved.
$55,000
Acres: 1.36 | MLS ID: 17015646 | Status: Active
1.36 Acres in South Sutter County, located in the small and charming community of East Nicolaus. Located 10 miles south of Plumas lake along the Hwy 70 corridor. Zoned R-1, residential acreage/ small farms only. A great location for a shop building or barn. Not zoned for Commercial. Entertaining all offers. Possible Seller Financing with large down payment. Please call with questions and concerns. If using GPS, Lot is located at the corner of Willow street and Nicolaus Avenue.
Listing provided courtesy of Re/Max Gold Yuba City
$55,000
Acres: 4.27 | MLS ID: 498068 | 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.
$58,000
Acres: 0.12 | MLS ID: 18022902 | Status: Active
Are you looking for a lot to build your dream home? Need lots of privacy? Here it is! Lot is located down a private driveway. Bonus! Lot previously had a home on it so all services are at the property! Will save you!
Listing provided courtesy of RE/MAX Gold Fair Oaks
$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
$59,995
Acres: 0.40 | MLS ID: 483775 | Status: Active
Commercial-Industrial Lot. Great for Semi-Truck Trailer parking. Close to Madera and Madera Rancho. This is perfect for the truckers. Call today. Lot is gated and fenced. Seller Highlt Motivated....Submit all offers!
$60,000
Beds: 3 | Bath: 2 | Sq Ft: 2000 | MLS ID: 201801607 | Status: Active
SELLER MOTIVATED...house is in process of being rehabbed but now is a Great time to bring your tools and make this home yours! Triple-wide with a lot of potential. Family park with a swimming pool to enjoy this summer.AS-IS CONDITION
$60,000
Beds: 2 | Bath: 2 | Sq Ft: 1440 | MLS ID: 201801836 | Status: Pending
Family park located close to both highway 65 and 70. Commuters dream location. Park has many amenities to enjoy! This large 2 bedroom 2 full bathroom has an open kitchen and dining room. Laundry room is spacious with plenty of storage. Buyer must qualify for the park. AS-IS condition.
$60,000
Acres: 6.00 | MLS ID: 18015383 | Status: Active
Great find in Foresthill! Come build your dream home and live off the land! Sloped property offers nice local views. Build below or up on the hill. Bring you horse, Grow anything...Nice Vineyard land!! Perk and Mantle done and approved for Pressure Dose system.
Listing provided courtesy of RE/MAX Gold
$60,000
Acres: 0.23 | MLS ID: 18026398 | Status: Active Court Cont.
2417 52nd Ave is a vacant lot in Sacramento, CA 95822. Nearby schools include Lot is level. and has a view of Woodbine park right across the street.
Listing provided courtesy of RE/MAX Gold Sierra Oaks
$62,750
Acres: 1.12 | MLS ID: 505105 | Status: Active
Large corner lot of 1+ acreage. Serene neighborhood of custom homes. Quality architectural plans available. Utilities and services initiated. Near major arteries, facilities and shopping accessible but not encroaching the serenity of the location. Be the creator of a valuable improved property.
$64,950
Beds: 3 | Bath: 2 | Sq Ft: 1480 | Built: 2006 | MLS ID: LC17062596 | Status: Active
Custom built and well kept 2006 Skyline double wide manufactured home with extra storage, open living , dining and kitchen areas. Tandem carport and storage galore in well kept senior park with pool and clubhouse. Gated for security and privacy. Move in condition.
$65,000
Beds: 3 | Bath: 2 | Sq Ft: 948 | Built: 2000 | MLS ID: LC17086648 | Status: Active
Nestled in a small mobile home park walking distance to beach rights on desirable Blue Lakes you will find this well maintained 2000 model manufactured home . The home features an open floor plan,3 spacious bedrooms and baths and a dine in kitchen. Tall privacy fencing and landscaping Perfect first home retirement home or vacation get away! 55 and older park designation. Monthly rent is $550.00 (per seller) rent includes water garbage and beach access.
$65,000
Beds: 3 | Bath: 2 | Sq Ft: 1560 | MLS ID: 18040442 | Status: Active
You will appreciate the spacious floor plan of this beautiful home. It features 3 bedrooms, 2 bathrooms, living room, family room, laundry room, large kitchen w/ island, sky light, porch, storage shed, and carport!
Listing provided courtesy of RE/MAX Gold Natomas
$65,000
Acres: 3.00 | MLS ID: 18025442 | Status: Active
In the Heart of Grizzly Flats 3 all usable acres with water at site and electrical. Hook and Meters needed. Hydrant on property line. Fire Dept Post Office very close. Enjoy the rural mountain life and the beauty of all the seasons!
Listing provided courtesy of RE/MAX Gold
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