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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$20,000
Acres: 0.66 | MLS ID: 1906001160 | Status: Active
Come build your Dream Home or Vacation Home. Situated in Grizzly Forest. Seasonal creek runs on the back of property.
$22,000
Acres: 0.36 | MLS ID: LC19210701 | Status: Active
Beautiful wooded upslope lot with views.
$22,500
Acres: 0.52 | MLS ID: LC19018792 | Status: Active
Over half an acre and ready to build! This parcel comes with a connected water meter and septic system. Located right along Spruce Grove Road for easy access to Highway 29. Located outside of the gated community of Hidden Valley Lake but part of the association so you would have access to all of the great amenities! Amenities include; lake with two beaches, tennis courts, hiking trail, parks, 18 hole championship golf course, horse stables and more! If you are searching for a property that is ready to build, make sure you give this one a look!
$23,000
Sq Ft: 57935 | Acres: 1.33 | MLS ID: 20191353 | Status: Active
The perfect getaway location! Amazing mountain views with plenty of tree coverage. Pad is already cut in for a single wide mobile home trailer. City water hook up on site, power pole is across the street.
$24,900
Acres: 0.20 | MLS ID: 19014687 | Status: Active
Level lot in the mountains ... a rare find! A great place to build your permanent home or a get-away cabin ... you are right in the mountains at 4,000 feet, but not so high where the snow accumulates too much. Close to the quaint mountain village where shops and restaurants are available, but yet away from the hustle of city life. Enjoy the freshness of the mountain air, the sounds of the wildlife, and the smells of the pines. You've been dreaming it, and with this price, you can make those dreams come true.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$25,000
Acres: 0.75 | MLS ID: 18032079 | Status: Active
Come home to beautiful mountain living when you build in Grizzly Park! This parcel is located in nice neighborhood with paved roads and public water. Towering pines are the perfect backdrop for a vacation retreat or retirement home. Recently reduced building fees make now a great time to build! Plenty of nature, fresh air & blue skies!
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$25,000
Acres: 0.42 | MLS ID: LC19224090 | Status: Active Under Contract
Parcel available for sale in Lower Lake! Almost 1/2 acre, seller's home lost in Clayton Fire. Property was cleared by county and Debris Removal Final on file. Existing carport structure, partial fencing and driveway in place. Water connection available and septic in place (condition unknown).
$25,000
Beds: 2 | Bath: 1 | Sq Ft: 720 | MLS ID: 19068580 | Status: Active
Charming 2 bed/ 1 bath mobile home in desirable Cordovan Mobile Estates! Open-concept living area, quaint kitchen, spacious bedrooms, and indoor laundry. On the exterior there is a large carport, several storage units, and a covered patio. Cordovan Mobile Estates is in the heart of Rancho Cordova. Relax under the many palm trees and enjoy the large pool area, spa, or Community Park with covered tables, BBQ, grass and play areas. Amenities also include a clubhouse, billiards room, library, and RV storage lot. Cordovan Mobile Estates is about 5 minutes from Hwy 50, and approx. 20 minutes from downtown Sacramento. Come see for yourself!
Listing provided courtesy of RE/MAX Gold Midtown
$25,000
Acres: 0.40 | MLS ID: LC17046169 | Status: Active
Great City Lot in Lakeport. Shade trees. City water/sewer available.
$27,000
Sq Ft: 12197 | Acres: 0.28 | MLS ID: 20191853 | Status: Active
Great usable lot in nice area. Many amenities in this quality subdivision not far from Yosemite, includes golf and Country Club, tennis, pickleball, swimming and beautiful lake.
$27,000
Acres: 1.00 | MLS ID: 20162381 | Status: Active
Affordable buildable lot with power right there and good wells in the area. This lot could be the doorway to an affordable house building project! If you can't find an affordable home consider building one or putting a manufactured home on this lot.
$27,000
Acres: 1.00 | MLS ID: 20162381 | Status: Active
Affordable buildable lot with power right there and good wells in the area. This lot could be the doorway to an affordable house building project! If you can't find an affordable home consider building one or putting a manufactured home on this lot.
$27,000
Acres: 0.78 | MLS ID: 19054624 | Status: Active
Looking for a quiet lifestyle? Low traffic? 4 Seasons...close to National Forest and all the outdoor activities you can muster up. Nearby are the Foothill Wineries and Vineyards as well as Sly Park Reservoir. 60- 90 minutes to skiing.
Listing provided courtesy of RE/MAX Gold
$29,500
Sq Ft: 22651 | Acres: 0.52 | MLS ID: 20191854 | Status: Active
Nice lot with trees, public sewer and water. Enjoy all the amenities of beautiful Pine Mountain Lake, short drive to Yosemite.
$32,000
Acres: 0.22 | MLS ID: 19601064 | Status: Active
Located in a small private subdivision next to a beautiful lake, Lake Frances and with Lake Access for residents, this parcel is cleared and ready for development. Power, community water, phone and internet are all right at the property. The soil is rich and dark and seller has cleared the lot but left a privacy ring of shrubs and trees around the outside of the lot. This area features so many recreational possibilities including Lake Frances, Bullards bar reservoir, the Yuba River. It's also close to local schools, shopping, post office.
Listing provided courtesy of RE/MAX Gold Yuba City
$32,000
Acres: 0.22 | MLS ID: 20190882 | Status: Active
Located in a small private subdivision next to a beautiful lake, Lake Frances and with Lake Access for residents, this parcel is cleared and ready for development. Power, community water, phone and internet are all right at the property. The soil is rich and dark and seller has cleared the lot but left a privacy ring of shrubs and trees around the outside of the lot. This area features so many recreational possibilities including Lake Frances, Bullards bar reservoir, the Yuba River. It's also close to local schools, shopping, post office.
$32,500
Acres: 0.66 | MLS ID: 19036825 | Status: Active
two lots for total 1.36 acres. Buyer to verify information.APN 072-022-011 .70 acres 3111 Heinemann
Listing provided courtesy of RE/MAX Gold Lodi
$34,999
Acres: 1.28 | MLS ID: 19068703 | Status: Active
These views are just waiting for your custom home. HOA dues are optional which provide access to the clubhouse,pool and other discounts. Outdated septic designs in Listing office. Manufactured homes welcome.
Listing provided courtesy of RE/MAX Gold Lodi
$34,999
Sq Ft: 2178 | Acres: 0.05 | MLS ID: 20191308 | Status: Active
Level lot on the outskirts of Jamestown. Public water is available. Additional lots are available in this area.
$34,999
Sq Ft: 2178 | Acres: 0.05 | MLS ID: 20191307 | Status: Active
Level lot on the outskirts of Jamestown. Public water is available. Additional lots are available in this area.
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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 10/15/2019.

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