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Folsom by the Numbers – a new ‘Best Places to Live’ Designation

Posted on: January 17, 2020

Folsom by the numbers1

The City of Folsom’s 4th quarter economic report, provided by the Greater Folsom Partnership, puts numbers on some things we pretty much already knew; Folsom is doing great!

Our unemployment rate, at 2.8% is 10th lowest in California.

Median household income is about $103k, nearly $40k higher than the median for the state.

Our poverty rate is a low 4.7%.

These are some of the reasons why Folsom’s housing market is doing so well.

Though not on the report, it is important to note that Folsom’s home prices have fully recovered from the market crash, and have surpassed the previous record price of $271 per square foot, set back in 2006.

Although Folsom has relatively high home prices compared with most other communities in the region, homes available in Folsom today are priced as low as $429,000 (condos as low as $305k), and still far below nearby Bay Area communities.

In other news, Money Magazine just named Folsom the 3rd best  of 20 Sacramento area cities in which to live, adding this to the list of other accolades, including; ‘Best Place to Raise a Family’, ‘Best Place to Find a Job’, and more.

Yes, Folsom continues to grow and prove that it is one of the best communities in all of California. Just a great place to be.

Wanna live here? Check out Folsom homes for sale

Steve Heard is a Realtor with EXP Realty of California, License #01368503

Owner of MyFolsom.com, and 19 year resident of Folsom, and just loves the place

 – Reach Steve at 916 718 9577 or steve@myfolsom.com

 

Folsom Housing Market Outlook and Predictions for 2020

Posted on: December 21, 2019

housing up and down

It’s that time of year. All of the ‘experts’ come out of their predictions for the coming year’s real estate market.

Can you count on them? Sometimes, but the real estate market is hard to figure out, even for the experts.

When the market bottomed out in 2012 and prices started to rise, some warned that it was only temporary, and that the worst was yet to come.

Nearly 8 years later, prices have fully recovered in most markets.

So, are we due for a correction? A crash? Or, will prices keep going up?

No one really knows, but supply, demand, interest rates, unemployment rates, optimism, pessimism, they all go into what ends up happening to the housing market.

I’ve gathered a few expert opinions, and have some of my own on what to expect for the housing market in general, and Folsom, in particular.

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Filed under: Folsom, Real Estate