Garrett Rease’s Listings

562 Robertson Way Sacramento

562 Robertson Way., Sacramento, CA 95818

2 bed, 1 bath, 1076 sq feet

Listed at: $395,000

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2008 Adonis Way Sacramento

2008 Adonis Way., Sacramento, CA 95864

3 bed, 2 bath, 1469 sq feet

Listed at: $395,000

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5120 Euclid Ave Sacramento

5120 Euclid Ave., Sacramento, CA 95822

4 bed, 2.5 bath, 1975 sq feet

Listed at: $429,000

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G-01

3506 Bodega Court, Sacramento, CA 95864

4 bed, 3 bath 2482 sq feet

Listed at: $659,000

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G-01

6819 Bender Court, Sacramento, CA 95820

3 bed, 2 bath 1091 sq feet

Listed at: $228,950

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G-01

4313 Rosecreek Ct. Sacramento, CA 95826

4 bed, 2 bath 1450 sq feet

Listed at: $219,000

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10224 Rockingham Drive

10224 Rockingham Drive, Sacramento CA 95827

4 bed, 2 bath 1590 sq feet

Sold price: $221,000

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1531 Domino Avenue

1531 Domino Avenue, Sacramento CA 95835

3 bed, 2 bath 1397 sq feet

Sold price: $265,000

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7722 Brown Otter Dr

7722 Brown Otter Dr, Antelope CA 95843

3 bed, 2 bath 1088 sq feet

Sold price: $209,000

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Tim Leingang’s listings

9582 Blue Thistle Way Elk Grove CA

9582 Blue Thistle Way, Elk Grove CA 95624

4 bed, 3 bath, 3168 sq feet

Price: $439,900

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335 Sandra Court, Lincoln CA 95648

335 Sandra Court, Lincoln CA 95648

3 bed, 2 bath, 1500 sq feet

Price: $267,900

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524 Navigator Dr, Lincoln CA 95648

524 Navigator Dr, Lincoln CA 95648

3 bed, 2.5 bath, 1265 sq feet

Price: $229,200

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3481 La Cañada Dr., Cameron Park, CA 95682

3481 La Cañada Dr., Cameron Park, CA 95682

4 bed, 2 bath, 1798 sq feet

Price: $399,000

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3630 Cutter Way Sacramento CA

3630 Cutter Way, Sacramento CA 95818

4 bed, 2.5 bath, 2551 sq feet

Price: $819,000

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1817 Markham Way Sacramento CA

1817 Markham Way, Sacramento CA 95818

3 bed, 1.5 bath, 1394 sq feet

Price: $449,900

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8897 Great Rock Circle Sacramento CA

8897 Great Rock Circle, Sacramento CA 95829

4-5 bed, 3 bath, 2308 sq feet

Price: $305,000

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2740 Montgomery Way

2740 Montgomery Way, Sacramento CA 95818

3 bed, 3 bath, 3065 sq feet

Price: $1,000,000

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3349 East Curtis Drive

3349 East Curtis Drive, Sacramento CA 95818

4 bed, 2 bath, 2438 sq feet

Price: $680,000

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8061 Quiet Knolls Dr.

8161 Quiet Knolls Dr., Antelope, CA 95843

3 bed, 2 bath, 1381 sq feet

Price: $245,900

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1178 Ashford Lane Lincoln CA

1178 Ashford Lane, Lincoln CA 95648

4 bed, 3 bath, 2248 sq feet

Price: $345,000

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T-05

3317 Brownlea Circle, Antelope CA 95843

3 bed, 2 bath, 1392 sq feet

Price: $250,000

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T-06

1873 Broad Stripes Way, Roseville CA 95747

4 bed, 3 bath, 1516 sq feet

Price: $290,000

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T-07

8217 La Almendra Way, Sacramento, CA 95823

3 bed, 2 bath, 1239 sq feet

Price: $184,900

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T-08

1009 Eastern Avenue, Carmichael, CA 95608

3 bed, 3 bath, 2078 sq feet

Price: $459,000

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Government Shutdown Ends – What It Means for Mortgage Market

Source: Realtor.com

Now that the U.S. government is once again up and running, it’s time to take stock of the government shutdown’s impact on the real estate market (especially the mortgage end of that market), and what happens immediately going forward.

One quick red flag comes from the National Association of Home Builders, which reports that newly-built single-family homes were down two points in October. The NAHB says the decline may be due, in part, to the shutdown; but now that Uncle Sam is back in the chips the decline should be reversed in the coming months.

“A spike in mortgage interest rates, along with the paralysis in Washington that led to the government shutdown and uncertainty regarding the nation’s debt limit, have caused builders and consumers to take pause,” NAHB Chief Economist David Crowe said on Wednesday, just as a deal was being reached in Congress. “However, interest rates remain near historic lows and we don’t expect the level of rates to have a major impact on sales and starts going forward. Once this government impasse is resolved we expect builder and consumer optimism will bounce back.”

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Fannie Mae, Freddie Mac to Go After More Strategic Defaulters

Source: Los Angeles Times

The Federal Housing Finance Agency is pushing Fannie and Freddie to chase down borrowers who can make home loan payments but choose not to.

Anyone thinking of skating on mortgages owned by either Fannie Mae or Freddie Mac may want to think again. As a result of new government reports, the two companies say they are going to do a better job of going after so-called strategic defaulters.

Fannie and Freddie can pursue judgments against borrowers who walk away from their loans even though they have the ability to make their payments. That’s called a strategic default, and many borrowers are taking that step — typically throwing in the towel because their homes are no longer worth as much as they owe.

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Ghosts Won’t Scare Away Homebuyers if the Price is Right

Source: Inman News

The fact that a house might be home to spooks is not enough in itself to deter most homebuyers, according to a realtor.com survey of 1,400 consumers that ran on the site from Sept. 25 to Oct. 1.

More than half (62 percent) of the survey’s respondents said they “would” or “might” consider purchasing a haunted house, but an overwhelming majority (88 percent) said they would need some sort of discount to shack up in a home they suspected was filled with ghosts.

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