Happy 4th of July!

I hope you find time to relax and experience some fun activities.  Have a happy and safe 4th of July. 

Please take a few minutes to check out all of the information that is available to you in this newsletter.  Do enter the drawing below!  I feature a business of the month so if you or someone you know has a business in Folsom I will be happy to add it on a rotating basis. 

For more real estate articles click on the National Real Estate Update button at the top of the page. 

Feel free to contact me with suggestions or if you have any questions.

Sincerely,

June Balazs

Representing clients with integrity since 1988

Sacramento, Placer and El Dorado Counties

Service Above & Beyond

Your Referrals are Always Appreciated
 

The market in Folsom remains strong and home values continue to rise.  Currently the average sold price is $518,000.  The year to date average sold price is up 13.8%.  Pended sales have spiraled upward since December 2015! (check the graph below).  We’ll see if this trend continues in the next 2 to 3 months. 

We have been anticipating the Fed to make an upward adjustment in the interest rate but things are now uncertain.  Last week Great Britain voters voted to exit from the European Union and the market reacted very negatively. The market plunged the first couple of days and then started an upward trend.  The good news is that as of today the market has recovered just about all of the losses.              

Currently the 30 year fixed rate is at about 3.64% and the 15 year fixed rate is about 2.89%.  Please call me with any questions.