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Folsom Home Sales Drop 30% – Dip or Blip?

Posted on: September 14, 2017

Folsom Sales August 1

Folsom home sales declined sharply in August, closing only 74 units, compared to 105 in July, and 105 for August 2016.

What’s the cause?  I’m not quite sure. Interest rates remain low, as does unemployment, and the experts say the economy is steadily improving.

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Filed under: Folsom, Real Estate

The Folsom Housing Market – Stop Calling it a Bubble!

Posted on: August 16, 2017

housing bubble

You hear it about it from your friends and neighbors, you might even see a few experts spout off about it. It’s a hot topic on online chats. ‘We’re in a bubble’, ‘the market corrects every 10 years, so we’re due’, ‘this just isn’t sustainable!’, ‘Sooner or later, people are going to refuse to pay those ridiculous prices!’

What do you think? Are those statements true? Are we ‘due’ simply because history repeats itself? Are the current prices unsustainable? If so, why? Will people refuse to pay ridiculous prices? Are the prices, in fact, ridiculous? If people don’t buy, where will they go? Isn’t it hard to find a rental?

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Filed under: Folsom, Real Estate