Paradise, CA

Paradise CA Homes For Sale, Rated #10 Top Best Places to Retire, ParadiseCA Real Estate

If you are seeking your piece of paradise you may well have found it. The town of Paradise CA was voted #10 out of the top 20 best retirement values, but there is no skimping required here. With it's plentiful tall evergreen trees the area provides just a hint of an alpine influence providing pleasant respite from the Valley's warm summers. The initial impression is of a quaint community. As you travel the town's numerous tree lined streets that initial impression slowly gives way to the presence of a town rich in culture, medical services and shopping opportunties. Visitors will be slow to realize the community supports approximately 27,000 residents.

Visitors or perspective Buyers familiar with Lake Tahoe will sense the similarities but the area does not experience the harsher winters as Paradise is located at 1800'-2400' elevation. The community is approximately 90 miles from Sacramento and 180 miles from San Francisco with highways convenient for travel.

The region is rich in majestic beauty and recreational opportunities including Lake Oroville and the American River providing boating and fishing just minutes away.

Perspective Home Buyer's will be pleasantly surprised to currently find homes ranging from $100K to $1,1M. Out of area Buyers should be aware relocation services are readily available.

PARADISE AREA INFORMATION SEARCH PARADISE REAL ESTATE

Buyers & Sellers Seeking Transaction Assistance With Paradise Real Estate Contact:

Phone: 530-370-1818 Email: steve@chainrealestate.net

Federal Reserve To Purchase Additional 1.25 Trillion In Mortgage Securities- Paradise CA Real Estate

Press Release Federal Reserve Bank, Board of Governors, Date: January 27, 2010

I know you're saying it doesn't sound like much. But a trillion dollars here and a trillion dollars there, pretty soon your talking real money.

In theory these purchases have a stabilzing effect on interest rates allowing lenders to recapitalize and reinvest in new mortgage/legal interest assets. The Federal Reserve Bank purchases are forcast to end in Februay and March. Interested market observers would like to know what effect that forcasted end will have on interest rates.

Here is a recap:

FEDERAL RESERVE'S ECONOMIC STATUS REPORT:

• Economic activity has continued to strengthen
• Deterioration in the labor market is abating.
  
• Household spending is expanding at a moderate rate but remains constrained by a weak labor market, modest income growth, lower housing wealth, and tight credit.
  
• Business spending on equipment and software appears to be picking up
• Investment in structures is still shrinking and employers remain reluctant to add to payrolls.
  
• Company inventory stocks have moved inline with sales.
  
• Bank lending continues to contract, financial market conditions appear to support economic growth.
• Pace of economic recovery is likely to be moderate for a time,
  

POLICY AT A GLANCE:

• Target range for the federal funds rate at 0 to 1/4 percent
• Anticipate that economic conditions will likely to warrant low federal funds rate for extended period.
• Support to mortgage lending and housing markets and to improve overall conditions in private credit markets,
• Purchase $1.25 trillion of agency mortgage-backed securities and about $175 billion of agency debt. (by end of Q1/2010)

FUTURE POLICY CONTINGENCIES:

• Modify transitional policy as necessary to support financial stability and economic growth.
  

source: Federal Reserve Board

Information deemed reliable, but not guaranteed

Buyers and Sellers Prepared To Take Advantage Of Present Low Interest Rates Available For Paradise CA Real Estate Contact:

Phone 530-370-1818 Email: steve@chainrealestate.net

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6th Annual Food Drive in Paradise California. We need your help.

Consumer Confidence & California Home Prices Rise, January 2010-Paradise CA Real Estate

It appears consumer confidence is on the rise after declining for most of 2009 according to RCB's Survey. Confidence is up 19 points since last month as measured by RBC indices. With CAR's reported increase in home prices, in California, consumers in the market to buy a home may be in a bit of a footrace. Of course as the saying goes real-estate-is-local. That having been said, American consumer confidence rose sharply this month, to the pre-financial crisis levels of, September 2008.

Here are some highlights of the January survey:

OVERALL EXPECTATION:

• Consumer Expectations Index stands at 67.6, up 27.2 points from last month.

JOBS:

• Americans’ confidence in the job market improved dramatically this month, up 16.5% to 67.9 – the largest single-month gain ever observed in the 8 year Index.
• Consumers’ sense of job security- according to the Index, 30% feel more confident about their job picture.
  
• Personal job loss experience improved in January, to 62% of consumers reporting job loss in their immediate circle, compared to the high of 71% last month.

ECONOMY:

• Currently, 38% of consumers believe their local economy will be stronger six months from now, up 3% from last month.
  
• 15% still believe in a weaking economy, down 4% from just a month ago.
• Current Conditions Index reached a 15-month high to 51.6, an increase of 14.6%
  
• Consumers rating their personal financial situation as strong increased to 25%.
  
• Americans’ rating their personal financial situation as weak held steady at 32%.

INVESTMENTS: Confidence in Investments rose 11.2 points to 58.1

• Consumers who feel confident about investing for the future held steady at 33%.
• Consumer comfort levels for investing in the stock market also edged up to 37%.
  
• Americans are also feeling more confident about investing in real estate.
• 44% of consumers believe the next month will be a good time to buy real estate.

source: RBC indexes, CAR.org

Buyers and Sellers Seeking Transaction Assistance with Paradise CA Real Estate Contact:

Phone: 530-370-1818 Email: steve@chainrealestate.net

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First-Time Buyers and Move-Up Buyers, this is for you!

How To Know When It's Time To Buy If you have steady income with a good employment history, can provide a down payment of at least 3.5-10 percent of the purchase price and are current with all debts, it may be time to consider buying a home instead of renting. In some cases, the cost of rent may even exceed that of a typical mortgage payment. Did you know that there are a number of incentives available to first-time home buyers? Everything from down payment assistance from the Town of Paradise and interest rates as low as 5 percent are just a few of the ways that lenders help to make the dream of home ownership into a reality for many. An FHA loan, for instance, is especially appealing to first-time home buyers. The best way to find out what's available, in terms of down payment requirements and interest rates, is to do your homework by comparing offerings from various lenders. Buying A Home With Bad Credit When it comes to buying a home, having bad credit is not the end of the world. Your future doesn't have to be defined by your past. Whether you have suffered from a bankruptcy, foreclosure or some type of financial hardship that resulted in late or missed payments, there are lenders who specialize in financing for those with less-than-perfect credit. You will likely have to produce a larger down payment and/or pay higher interest rates than someone who has good credit, but the important thing to know is that buying a home is an option for you. Call me when you're ready; I can help you buy or sell real estate!