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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$77,500
Acres: 4.03 | MLS ID: 19051709 | Status: Active
Scenic Setting. Flat 4.03 acre parcel with lots of trees and a clear area that you might want to build your dream house on. This property is very close to Hwy 108 for access but you still get that rural majestic feel of the property. This location is minutes away from the quaint town of Twain Harte and close to Pinecrest Lake and Dodge Ridge Ski Resort.
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$78,900
Beds: 2 | Bath: 2 | Sq Ft: 857 | Acres: 0.04 | Built: 1969 | MLS ID: 201803900 | Status: Pending
Nicely Updated unit. Well maintained Casita Condo. 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!
$79,000
Beds: 2 | Bath: 2 | Sq Ft: 804 | Built: 1976 | MLS ID: 21922321 | Status: Active
12 X 60 Single Wide + 84 Sq Ft Expando = Total 804 Square Feet / Upgraded Remodel / Open Floor Plan / Simulated Wood Flooring / Partial Dual Pane Windows / Window Blinds Throughout / Breakfast Bar / Gas Range & Double Stainless Sink / Replaced with Upgraded Kitchen Cabinets / Sliding Glass Door to Covered Front Porch Wooden Deck / Central Heat & Air / Extra Large Laundry Room with Closet, Window, etc., Could be a 3rd Bedroom / 2 Car Covered Car Port / Storage Shed / Orange Tree / Washing Machine, Dryer & Refrigerator / Community Club House: with Swimming Pool / Billiards, etc., / Near Guest Parking / Park Centrally Located / Great Location / Public Transportation Outside Park / No Property Tax / Senior Park: 1 Person Must be 55 years or Old
Listing provided courtesy of RE/MAX Gold
$80,000
Acres: 0.83 | MLS ID: 19053239 | Status: Active
Ready to build your dream home? This beautiful lot already as a well, septic system and electricity. Concrete pad for RV with hook ups. Lots of trees. Some trees have already been cleared for the building site. It is close to streams, lake, fishing, hiking... the list goes on.
Listing provided courtesy of RE/MAX Gold
$80,000
Acres: 8.70 | MLS ID: 19051343 | Status: Active
Private 8.7 acre property towards dead end paved road. Power is located on one corner pin. Views are a part of this private parcel. Property has had some pad work and clearing done on it. You cannot see a neighbor but surrounding homes are very nice. Minutes to Colfax or Hwy 80.
Listing provided courtesy of RE/MAX Gold
$80,000
Beds: 2 | Bath: 2 | Sq Ft: 840 | Built: 2017 | MLS ID: 1802000572
$80,000
Beds: 1 | Bath: 1 | Sq Ft: 1088 | Acres: 0.45 | Built: 1945 | MLS ID: 201803148 | Status: Pending
Huge fixer not livable but has a squatter there do not approach.
$81,500
Beds: 2 | Bath: 2 | Sq Ft: 1368 | MLS ID: 19055295 | Status: Active
You must see this 2 bedroom mobile in a quiet, well maintained park. All new paint inside and out. Kitchen remodeled with new cabinets, granite counter tops, new freestanding gas range, new dishwasher. It has new laminate flooring, with new carpet in the bedrooms. Storage shed outside. This one won't last long.
Listing provided courtesy of RE/MAX Gold Lodi
$84,900
Acres: 21.23 | MLS ID: 19060167 | Status: Active
Here we have four adjoining parcels combined at this one low price. Power crosses property and a capped well sits directly under the power line. Parcel numbers (APNs) are 056-060-001, -002, -003, and -015. Each parcel is 5+ acres and together they are approximately 21.23 acres. Nice open meadows some leveling done. Beautiful year round South Honcut creek flows through the property. Set back from street for privacy.
Listing provided courtesy of RE/MAX Gold Yuba City
$84,900
Acres: 0.24 | MLS ID: 497519 | Status: Active
This spacious, nearly level cul-de-sac lot awaits your custom dream mountain home! With over 10,000 sq. ft. of land, there is plenty of room to build and relax in this beautiful setting at 5,500', five minutes to the lake and 25 minutes to China Peak. The property behind is open space and to the north are mountain views. Simply beautiful! The utilities are in place including power, water, sewer, propane, telephone/Internet.
$84,900
Acres: 25.45 | MLS ID: 19061918 | Status: Active
Secluded property and gorgeous meadow area once you get there. Large culvert appears to be on adjacent property. At the end of Samara Hills you will enter an easement road veering a little toward the right, then an easement to the left and you are almost on the property. Double checking the zoning. It appears there is an old mine on the property.
Listing provided courtesy of RE/MAX Gold Stockton
$85,000
Acres: 0.16 | MLS ID: 19042062 | Status: Active
Water during summer months!!! There is an existing concrete swim platform. Not many homesite left in this pleasing Community known as Connor Estates. Now's your chance! Utility hook ups have not been paid for.
Listing provided courtesy of RE/MAX Gold Stockton
$85,000
Acres: 1.20 | MLS ID: 19016063 | Status: Active
This beautiful corner lot in distinguished Monte Verde Estates is beckoning you to build your stately dream home. This tranquil lot gently slopes and exhibits an abundance of majestic trees in a location that is sure to please. A short drive to the Auburn State Recreation Area, the American River, Lake Clementine, Sugar Pine Reservoir and an abundance of trails and outdoor activities. A mere 10 mile drive to Auburn and Interstate 80. Community park and affordable HOA's. Must see to appreciate.
Listing provided courtesy of RE/MAX Gold
$85,000
Sq Ft: 108464 | Acres: 2.00 | MLS ID: 20190769 | Status: Active
Approximately 2.5 acres of gorgeous usable foothill property dotted with beautiful mature oak trees and views of the hills. This land is in the historic Townsite of Stent near Jamestown. Lots of potential here. Zoned R-1. Call your agent for an appointment today!
$88,500
Acres: 3.32 | MLS ID: 19000476 | Status: Active
STUNNING VISTA VIEWS that go on forever on this cul de sac lot that is behind the gates of Exclusive Rancho Del Sol. Who wouldn't want to live in the charming town of Camino where Apple Hill and wineries abound. It's an lifestyle to be envied, so close to Tahoe & skiing, 20 minutes to Jenkinson Lake w/ boating & fishing, hiking trails and so much more. Come build your DREAM home! You will love it up here.
Listing provided courtesy of RE/MAX Gold Sierra Oaks
$89,000
Acres: 10.71 | MLS ID: 19066835 | Status: Active
Don't miss this Incredible Opportunity to buy Over 10 Acres on Folsom Lake for 89k! This Property is Raw land that is waiting for someone to build their dream home on it. You can pull up on your Jet-skis and walk to your property! If you are looking for large piece of land that is private and close to water than this is it! This land can be used as a Peaceful private retreat that is perfect for RV's or camping. Just mins away by boat to Browns Ravine in Eldorado hills and Beals point in Folsom!
Listing provided courtesy of RE/MAX Gold El Dorado Hills
$89,000
Beds: 3 | Bath: 2 | Sq Ft: 1350 | MLS ID: 19064518 | Status: Active
Cute triple wide on great corner lot located in Dunnigan's peaceful County Fair Estates all age park! Home features huge front yard with covered parking and options for additional storage in the back. Floor plan has great room concept with wood burning fire place, three bedrooms and two full bathrooms. Kitchen features breakfast nook with front yard views as well as ample counter top space. Large master bedroom including plenty of closet area and a full sized tub!
Listing provided courtesy of RE/MAX Gold Davis
$89,000
Beds: 2 | Bath: 2 | Sq Ft: 1600 | MLS ID: 19052149 | Status: Active
Enjoy the serene atmosphere of this charming 55+ community in the Foothills. Move right in to this spacious home with bright kitchen featuring updated appliances, including double ovens. Enjoy a large great room in this 2 bedroom/ 2 bath abode, separate dining or living area and indoor laundry/utility room. The front porch is covered and private with plenty of space to unwind. Lots of updates here, including a newer roof, HVAC and appliances. Double side by side parking. Storage shed and Club house with several amenities and activities. Pets allowed in accordance with park policy.
Listing provided courtesy of RE/MAX Gold
$89,000
Acres: 2.00 | MLS ID: 19031786 | Status: Active
Flat, level lot two miles from schools and shopping with power, gas and high speed internet right next door. Features a great view of the Sutter Buttes and mostly paved access. The lot is well set back from Silva ave for privacy and there are no neighbors on three sides. There's plenty of room for a large house and shop. Look around the area, there are no other prime lots like this for sale right now. For a great combination of convenient location with a rural feel yet close to town, a lot that is easy to develop and safe for kids, and perfect for a home based business, you just can't beat this offering.
Listing provided courtesy of RE/MAX Gold Yuba City
$89,000
Acres: 35.00 | MLS ID: 522566 | Status: Active
Breathtaking views on nearly 40 acres, consisting of 2 parcels. 360 degree panoramic mountains with native oaks, rolling to hilly. Power close.
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