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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$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
$64,000
Beds: 2 | Bath: 2 | MLS ID: 18064676 | Status: Active
Great opportunity to get into The Oaks senior 55+ mobile home park. This home features 2 bedroom and 2 full baths and is close to the community clubhouse which features a pool, billiards, library and fitness rooms. This property also includes washer,dryer and refrigerator. Conveniently located to Hwy 99, restaurants, shopping and public transportation.
Listing provided courtesy of Re/Max Gold Fair Oaks
$64,950
Beds: 2 | Bath: 2 | Sq Ft: 1040 | MLS ID: 18072226 | Status: Active
Beautifully refreshed home in Almond Estates. New paint and flooring throughout. Bright and open concept with lots of windows to let the light shine in. Spacious front porch is ideal to enjoy the incredible weather that we have been having. This unit has been cleaned up from top to bottom and is move-in ready. The park has a pool and clubhouse. Close to freeway and shopping. No need to look any further! You could be in by the holidays. Storage shed is included.
Listing provided courtesy of RE/MAX Gold Stockton
$65,000
Acres: 0.58 | MLS ID: 503116 | Status: Active
Must see lot. This is a wonderful lot in Wildflower Village. Lot shows .58 acre on the Wildflower Village Tract map. Great sub-division, with hook ups to the lot line for electric, water, sewer. Just bring you builder, get your plans approved and build the dream cabin you have always wanted. Paved streets, wonderful mountain terrain, lots of open space and such an easy place to live or vacation, this lot would be a great place for you to have a cabin. Priced to sell, this is a must see.
$65,000
Acres: 4.86 | MLS ID: 201802507 | Status: Active
Very Serene views, rolling hills and below snow line. Excellent opportunity in Loma Rica to own 4.86 acres. Build a home, have animals.. there are many options. Irrigation lines are already installed. There is a perk test on record, no well but needed. This is a must see to appreciate the views that come with this parcel.
$65,000
Acres: 0.88 | MLS ID: 16038217 | Status: Active
INVESTORS LOOKING FOR POTENTIAL INCOME IN THE PERFECT LOCATION ... THIS IS IT!!! Zoned as R-3 and located on a cul-de-sac, it is a great location for condos, apartments, or a single family residence. The price is right, the location is close to Lake Tulloch, and the income is there. Take advantage of this great opportunity! Owner will carry with decent down.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$68,000
Acres: 10.00 | MLS ID: 20183065 | Status: Active
This charming 10 acres with mature oaks, open pastures, and some denser woods was once occupied and has 2 old buildings on it and foundation for a third building. The owner told some folks that is a spring on this property and there is an old stone built hut with pipes and a pressure tank so there was kind of water works on the property. Probably there is also an old septic. What we know for sure is the PG&E pole with transformer is right on the property. This land is not far from the paved part of Vierra road and only ten minutes to Brownsville, about half hour to Oroville. Rackerby post office is only 12 minutes away. The site where the old homestead is/was is pleasantly situated and feature nice local views. Seller may carry with a stro
$69,000
Beds: 3 | Bath: 2 | Sq Ft: 1260 | MLS ID: 18066084 | Status: Active
THREE BEDROOMS, 2 bath spacious, manufactured home with oversized, fenced backyard, Open floor plan, remote master bedroom. tandem 2-car carport. Spacious interior in a quiet park.
Listing provided courtesy of RE/MAX Gold
$69,900
Acres: 0.20 | MLS ID: 18008581 | Status: Active
Property has multiple uses. It has residential zoning as well as limited commercial and Transportation corridor. Lots of possibilities. New Record of Survey on the property. Owner working on Perc test but should be easy to build.
Listing provided courtesy of RE/MAX Gold Cameron Park
$70,000
Acres: 10.00 | MLS ID: 18055978 | Status: Active
Great rolling 10 acre parcel with building site over looking the year round stream. Just 6/10ths of a mile from Highway 193.
Listing provided courtesy of RE/MAX Gold
$70,000
Acres: 10.00 | MLS ID: 512206 | Status: Active
Get away from hot summers with peace and quiet and beautiful views on 10+ acres at 4300 ft. elevation. The well with electricity was put in about 1992 and was not used. Because of health problems the owners never built their dream home. Their loss is your gain. Gorgeous sunsets and sunrises among the pines and cedars.
$72,000
Acres: 2.00 | MLS ID: 512052 | Status: Active
Build your Dream home on this beautiful 2 Acres ! enjoy the Privacy of country living with the benefits of the city Paved roads! The property is all useable with stunning native oak trees. A Good producing water well and underground electrical to site have been installed which can be up to a $30,000- 40,000 savings. Two potential building locations have been identified. .
$74,000
Acres: 3.00 | MLS ID: 18069351 | Status: Active
Make this 3 acre parcel yours today! Beautiful property within walking distance to the American River and Gold Discovery State Park! Property borders Lakotah and Hwy 49 for easy access to rafting and river fun!
Listing provided courtesy of RE/MAX Gold Cameron Park
$75,000
Acres: 5.05 | MLS ID: 467396 | Status: Active
Vacant 5 acre parcel located on Lower Cressmans Road. Private gated access with gentle uphill driveway to nice building pad area. Healthy Pine and Ceder trees with most of the under growth cleared out. All four property corner are in place. The Cressmans owners association has been doing paved improvements on the road and have snow removal equipment to keep roads open in the winter months. Possible views of valley city lights with some tree removal. Owner has drilled 600 foot hole and was not able to get water. Good possibility that the water is deeper as neighboring property is about 650 foot and drill rig could set up and go deeper on existing hole. About 2 miles in from Tollhouse road. Electrical power and telephone is on the property.
$75,000
Sq Ft: 18295 | MLS ID: 20171946 | Status: ACTIVE
Property fronts on Mono Way in Mono Village Center. Level lot ideal for any kind of commercial building. Located next to Sonora Chinese Restaurant. Water and sewer available to hook up. Photos include some of the other commercial businesses in the shopping center.
$75,000
Acres: 10.00 | MLS ID: 18068130 | Status: Active
Private Off Grid 10 acres. Lots of trees. Eastern exposure. Popular Sugar Pine Lake only about 5 miles away. About 25 miles / 40 minutes from Auburn. Great for recreation or year round living.
Listing provided courtesy of RE/MAX Gold
$76,900
Beds: 2 | Bath: 1 | Sq Ft: 875 | Acres: 0.04 | Built: 1969 | MLS ID: 201803484 | Status: Active
Casita Condo. is conveniently located close to schools,shopping, Employment, and more. Great starter home or Investment opportunity. Unit Rents up very quickly. Consistently rented. Come see it today!
$77,000
Acres: 2.46 | MLS ID: 21817718 | Status: Active
Lot for sale. Build your dream home right here.
Listing provided courtesy of RE/MAX Gold Napa
$78,500
Acres: 19.27 | MLS ID: 201803548 | Status: Active
Beautiful 19+ Sierra Foothill acres, possible owner financing with low down. Level parcel has a mixture of permanent pasture and woodland, with native grasses, oak, pine and cedar trees. Fabulous mountain views, a short walk to the post office, grocery store, medical clinic, community park (hiking trails, children's playground, baseball, basketball and tennis), and miles of horse-riding trails. Electricity, piped water and telephone available at parcel's eastern boundary. Broadband internet via Digital Path. The current owner of 30+ years states livestock has been kept on the property, including horses, cattle, sheep, goats and poultry. The parcel is a short drive to a trail head of the famous Pacific Crest Trail. Possible commercia
$79,000
Acres: 8.20 | MLS ID: 18064677 | Status: Active
In the beautiful gated community of Rancho Del Sol. This 8.2 acre parcel has amazing views and several potential building bad sites for a minimum of 1600 sqft home and horse barn. The property is in the equestrian area so Horses are welcome. Road and pad were cut into property a while back, but exercise care when viewing and only with an agent. Electrical, phone and water are to the site though a water meter is needed. HS Internet is also available in the Rancho Del Sol Community. Close to 50.
Listing provided courtesy of RE/MAX Gold
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