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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$79,000
Acres: 2.40 | MLS ID: 18029701 | Status: Active
NICE LOT AT THE END OF A CUL-DE SAC. POSSIBLE VIEWS IF A FEW TREES ARE REMOVED. PRIVATE. PUBLIC WATER AVAILABLE.ELECTRIC, PHONE AND CABLE TO SITE. PAVED ROADS. MANY TREES. READY FOR YOUR DREAM HOME.
Listing provided courtesy of RE/MAX Gold
$79,000
Acres: 40.00 | MLS ID: 504255 | Status: Active
40 acres with stunning views and privacy. Several building sites available. Native oaks and pines. Long dirt and gravel road to get there but very quiet and peaceful once you arrive. Warning you may not want to leave.
$79,000
Acres: 1.03 | MLS ID: 21726900 | Status: Active
OPPORTUNITY AWAITS! An acre of land to be developed as you desire! Located in a prime spot just south of Middletown, this beautiful setting offers privacy, varied terrain, plenty of trees & room to grow! Don't miss this one.
Listing provided courtesy of RE/MAX Gold
$79,000
MLS ID: LC17261993 | Status: Active
OPPORTUNITY AWAITS! An acre of land to be developed as you desire! Located in a prime spot just south of Middletown, this beautiful setting offers privacy, varied terrain, plenty of trees & room to grow! Don't miss this one.
$79,900
Beds: 2 | Bath: 1 | Sq Ft: 1190 | Acres: 0.52 | Built: 1948 | MLS ID: 201802032 | Status: Pending
Can you say potential? The home may be fire damaged, but it is situated on over a half acre of land in a great neighborhood. In addition, there is a very large 3 car garage, a shop and a storage building on this oversized parcel. Renovate the existing structure, build new, get the zoning switched for multi units? The possibilities are endless.
$79,900
Beds: 2 | Bath: 1 | Sq Ft: 871 | Acres: 0.04 | Built: 1969 | MLS ID: 201801159 | Status: Pending
Well kept,Super Clean, Updated Unit! Brand New Heating & Air Conditioning. Newer two-tone paint, Newly painted White cabintets in kitchen, newer appliances, Newer carpet, updated bathroom. Come see it today!
$79,900
Beds: 2 | Bath: 1 | Sq Ft: 871 | Acres: 0.04 | Built: 1969 | MLS ID: 201801916 | Status: Pending
Well kept,Super Clean, Updated Unit! Newer two-paint, Newly painted cabinets in kitchen, newer appliances, updated bathroom. Come see it today!
$80,000
Acres: 0.13 | MLS ID: 18032134 | Status: Active
Nice corner lot in desirable West Sacramento area to build your dream home or for investment.
Listing provided courtesy of Re/Max Gold Fair Oaks
$80,000
Acres: 5.87 | MLS ID: 18036638 | Status: Active
Private secluded parcel, beautiful local view, Build your dream home in the mountains. Close to Jenkinson Lake and 1 hour to Lake Tahoe.
Listing provided courtesy of RE/MAX Gold
$80,000
Beds: 2 | Bath: 2 | Sq Ft: 1080 | MLS ID: 18040197 | Status: Active
This 2 bedroom,2 bath is move in ready! Completely upated with new carpet, new kitchen flooring, new cooling unit, windows are dual pane, all the plumbing has been redone and is up to code. You have to see this gem! You will love the screened in porch and the yard! This unit is immaculate and is move in ready!
Listing provided courtesy of RE/MAX Gold
$80,000
Acres: 10.46 | MLS ID: 201802094 | Status: Active
What else could you want in this peaceful setting, with gorgeous views. Here is your chance 10.46 acres. Gated entrance. Fenced with pond. Property is close to local shopping/post office and many recreational lakes.
$80,000
Beds: 3 | Bath: 1 | Sq Ft: 938 | Acres: 0.11 | MLS ID: 201800960 | Status: Active
Get away for the weekend or live here full time. Here is your chance in the small town of Clearlake. Close to the largest natural freshwater lake within Cali. This home needs a small amount of TLC, but could be just what you are looking for. 3 bedrooms and 1 bath open floor plan. This small lot has room for RV's, Boats and other toys. Seller is letting boat go with property and video cameras.
$80,000
Acres: 0.43 | MLS ID: 18000654 | Status: Active
Serene, almost half acre lot located in a quiet neighborhood in the heart of Cameron Park! Build your dream home on this great lot within minutes to both town and award winning schools!
Listing provided courtesy of RE/MAX Gold Cameron Park
$80,000
Beds: 2 | Bath: 2 | Sq Ft: 840 | Built: 2017 | MLS ID: 1802000572
$82,000
Acres: 1.40 | MLS ID: 17053967 | Status: Active
KNOLL TYPE SETTING WITH MATURE TREES*NICE LOCAL SETTING*PUBLIC WATER & PHONE TO SITE*OLDER DRIVEWAY CUT IN*BEAUTIFUL SETTING*AREA OF UPGRADED HOMES*PARK & PLAY AREA FOR RESIDENTS*PERK & MANTLE TEST AVAILABLE*
Listing provided courtesy of RE/MAX Gold
$85,000
Built: 1930 | MLS ID: 18027117 | Status: Active
Use your imagination for this vacant lot of land.
Listing provided courtesy of RE/MAX Gold Laguna
$88,500
Acres: 19.27 | MLS ID: 201802371 | 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. Possib
$88,900
Acres: 3.70 | MLS ID: 18016415 | Status: Active
Great opportunity to buy land with a beautiful view, minutes off 80, to Dog Bar River, Yankee Jims and Rollins Lake.Land is rising in value this parcel offers not only a easy commute but also great spot for Summer enjoyment. Parcel runs Placer Hills to Manzanita Forest. Best viewed @Manzanita Forest and walk down. Lovely Views.Buyer could possibly obtain Easement off Manzanita since land almost borders this road. Area of nice homes and hilltop Views.
Listing provided courtesy of RE/MAX Gold Rocklin
$89,000
Acres: 0.71 | MLS ID: 17017045 | Status: Active
Gorgeous, Flat, all usable parcel in the heart of Gold Country! This parcel has a capped well, paved road frontage, building plans ready and previous perc test. It has great exposure for solar and is right across the street from Dave Moore park, you can walk to the river in 15 minutes! Come see this private, rural retreat to build your dream home on. Neighboring parcel also for sale, see MLS # 17017048
Listing provided courtesy of RE/MAX Gold
$89,000
Acres: 0.71 | MLS ID: 17017045 | Status: Active
Gorgeous, Flat, all usable parcel in the heart of Gold Country! This parcel has a capped well, paved road frontage, building plans ready and previous perc test. It has great exposure for solar and is right across the street from Dave Moore park, you can walk to the river in 15 minutes! Come see this private, rural retreat to build your dream home on. Neighboring parcel also for sale, see MLS # 17017048
Listing provided courtesy of RE/MAX Gold
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