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 - $99,900
Acres: 0.26 | MLS ID: 18008753 | Status: Active
This is a very convenient property and easy to build on the corner of Hwy 193 and Kelsey Rd. There is a monument marker on the property for James Marshall. There is a new Record of Survey on the property. Power is on the property and water line runs through the front. Relatively easy property to develop.
Listing provided courtesy of RE/MAX Gold Cameron Park
$100,000
Beds: 2 | Bath: 2 | Sq Ft: 1440 | Built: 1972 | MLS ID: 21900217 | Status: Active
Coveted LOCATION! Lovely Double-Wide Home situated at the end of a Cul-de-Sac with EXTRA Visitor Parking. Bright and Open floor plan features a spacious kitchen with updated Stainless-Steel Appliances and white cabinets. Formal Living and Dining Rooms, Family Room, 2 Bedrooms with 2 Full Baths, and Dual Pane Windows throughout. Tranquil Senior Living complete with swimming pool & club house. Conveniently located near freeways and shopping.
Listing provided courtesy of RE/MAX Gold
$105,000
Acres: 3.05 | MLS ID: 18044738 | Status: Active
BUILD YOUR DREAM HOME ON THIS BEAUTIFUL 3 ACRES IN CAMINO WITH WATER METER IN AND PAID FOR. SPECTAUCLAR MATURE PINES AND OAKS MAKE THIS A VERY PRIVATE LOT. EASY ACCESS GATE AND FUN TRAIL CUT TO TRAVERSE THE LAND. WONDERFUL LOCATION AMONG EL DORADO COUNTY AGRICULTURE, APPLES, CHRISTMAS TREES AND WINERIES JUST MINUTES TO HIGHWAY 50. ALSO, YOU'RE AN HOUR TO SKIING, AMAZING OUTDOOR ACTIVITIES AND SOUTH LAKE TAHOE. IF YOU'VE BEEN LOOKING FOR A SPECIAL PLACE TO CALL HOME LOOK NO FURTHER!
Listing provided courtesy of RE/MAX Gold
$109,000
Acres: 0.56 | MLS ID: 18075860 | Status: Active
GREAT price on this half acre lot. Zoned M-1-SP....Light Industrial/Specific Plan District. Endless possibilities to what you can develop
Listing provided courtesy of RE/MAX Gold
$109,900
Beds: 2 | Bath: 1.5 | Sq Ft: 933 | Acres: 0.02 | Built: 1969 | MLS ID: 19000132 | Status: Active
Cute, clean, and updated investor special 2 bedroom, 1.5 bath corner unit home. Features include updated kitchen cabinets, new laminated floor, new carpet, walk-in closet, new paint and good size patio. Newer central heat and air unit. Well maintained grounds include summer access to a community pool located one building away. Conveniently located near shopping, freeways, and neighborhood schools. Affordable and a must-see to appreciate!
Listing provided courtesy of Re/Max Gold Fair Oaks
$110,900
Acres: 10.92 | MLS ID: 201703928 | Status: Active
Really gorgeous piece of property. Currently has a heard of goats on it. Property is all fenced. There is a pond. It is close to town. Great for farming Strawberries, vegetables, trees.
$112,500
Acres: 1.00 | MLS ID: 18038892 | Status: Active
Explore the possibilities on this one acre residential lot located in the quiet town of Dunnigan. Perfect place to build your dream home. APN: 051-173-015 also for sale, can be purchased together.
Listing provided courtesy of RE/MAX Gold Woodland
$112,500
Acres: 1.00 | MLS ID: 18038893 | Status: Active
Explore the possibilities on this one acre residential lot located in the quiet town of Dunnigan. Perfect place to build your dream home. APN: 051-173-016 also for sale, can be purchased together.
Listing provided courtesy of RE/MAX Gold Woodland
$119,000
Acres: 0.17 | MLS ID: 18079833 | Status: Active
Come build your Dream Home in the prestigious Heritage Park of Springlake. This corner lot offers many home design possibilities. Just blocks from neighborhood schools, parks, and easy access to shopping, downtown Woodland, and freeway access to Sac airport and downtown Sacto. Approximately 14 minutes to Davis. Come be impressed!
Listing provided courtesy of Re/Max Gold First Street
$120,000
Acres: 3.44 | MLS ID: 18018592 | Status: Active
Nice 3.44 Acres with Barn close to town. Public Water Meter and Electricity to the site. Bring your critters and build your dream home. Private street and close to town. Come enjoy the country life on The Divide. Seller will consider financing with decent down and short terms. HOA is for road maintenance.
Listing provided courtesy of RE/MAX Gold
$120,000
MLS ID: 18054018 | Status: Active
BUSINESS OPPORTUNITY-SUPERB PIZZA! PROFITABLE! ALL UPDATED EQUIPMENT INCLUDED! GREAT CARMICHAEL LOCATION WITH HUGE AMOUNT OF TRAFFIC. $2,547 LEASE INCLUDING COMMON AREA EXPENSE. PIZZA SHOP HAS BEEN LOCATED HERE FOR ABOUT 20 YEARS!
Listing provided courtesy of Re/Max Gold Fair Oaks
$121,500
Acres: 4.75 | MLS ID: 496674 | Status: Active
Now is the time to build your dream home. Our residential lot is minutes from the city of Madera one direction and another direction we're less than an hour from the mountains. This lot is surrounded by beautiful semi custom homes. Take a drive on a Sunday afternoon and come check us out.
$125,000
Acres: 0.12 | MLS ID: 500061 | Status: Active
Prime West Village Lot. Gentle slope walking distance to restaurants and the lake. Build your dream cabin here!
$125,000
Acres: 0.15 | MLS ID: 18060833 | Status: Active
Great Corner Lot!!! Bring your imagination.. Neighbors looking for more wonderful neighbors..
Listing provided courtesy of RE/MAX Gold Laguna
$0 - $115,000
Acres: 5.00 | MLS ID: 18045929 | Status: Active
Beautiful 5 acre parcel with lots of character! Potentially easy build lot and end of the road privacy! The parcel has several significant rock outcroppings and give the property so much personality. EID and PG&E are along perimeter of parcel!
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$125,000
Beds: 3 | Bath: 2 | Sq Ft: 1065 | MLS ID: 201803230 | Status: Active
BRAND NEW custom built home for the price of a fixer. Park is being upgraded to provide secure and exclusive living in a quiet area. Property is completely fenced (no gate on entrance). All new landscaping is also included! 1st home at discounted price; future home prices will increase. Grab this bargain while you can!
$125,000
Beds: 3 | Bath: 2 | Sq Ft: 1065 | Built: 2018 | MLS ID: 201803327 | Status: Active
BRAND NEW custom built home for the price of a fixer. Park is being upgraded to provide secure and exclusive living in a quiet area. Property is completely fenced (no gate on entrance). All new landscaping is also included! Park is being updated to a new community. Discount on first unit, prices will be going up! Get yours now!!!
$125,000
Beds: 2 | Bath: 1 | Sq Ft: 700 | Acres: 5.01 | MLS ID: 20183900 | Status: Active
Great opportunity for a starter home on a flat five acre brushed parcel. Everything you need is here, including well, septic, power, an older but livable mobile home with covered deck. There's also a large shed and chicken coop. The acreage is virtually flat and has many open areas, the home cannot be seen from the road for privacy and the road is a dead end road. This would be perfect for those who want to upgrade the home to a new one or just finish the remodel that was started on the current home. The front deck has a certain charm with it's vines covering the overhang for summer shade. Tall trees around the home and some bamboo give a sense of shelter and protection. Come see!
$129,900
Beds: 3 | Bath: 3 | Sq Ft: 1928 | Acres: 0.26 | Built: 1960 | MLS ID: 201402156 | Status: Active
Priced To Sell Quickly! This is a fixer upper! Awesome opportunity to purchase a home in the country at a great price. Investors should take a peek. Home Owner Occupants should consider an FHA Rehab Loan Program, which at this price gives you the potential to do all the upgrades/repairs that are needed and have them built into your payment. Call your lender for details. This is a 3 bedroom, 3 bath, 1928 square foot home with Central Heating and Air Conditioning. Composition roof. Inside Laundry. Spacious living room. There are some areas of the home that need repair. Don't miss this chance to own a country property with so much potential. Call today to schedule a showing.
$129,990
Acres: 4.15 | MLS ID: 509229 | Status: Active
Located in the desireable Mallard Meadows Development with well and completed soils tests, this 4+ acre parcel has everything you need for your own private oasis. With beautiful views in every direction, the possibilities are endless when it comes to designing your dream home here. Adjacent to the pond and a seasonal creek runs through the property! Take the time and go for a short drive away from the city to see this wonderful site, you won't regret it!
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