Steve Heard Realtor

06/05/2026

Folsom has 3 venues presenting free, outdoor concerts this summer, and El Dorado Hills has 2. Great lineups, great music, great times. Check it out in comments 👇

06/02/2026

Hey Everyone, I'm trying to win 'Best Real Estate Agent' in Folsom in the annual Best of Times reader poll.

There are many good and great Realtors in Folsom, and I count myself among them.

More important to me than the numbers, is how I present myself and represent this City.

I love this town and the surrounding area, and work hard to welcome people who want to make it their home.

If I win, it will be 2 years in a row, and I'll never ask again! So, can I have your vote?

Voting closes soon, so do it today!! 1000 thanks

Link in comments

05/30/2026

Here's the latest Real Estate and Mortgage News:

📊 National Mortgage & Macro Trends
Rates Stay Sidelined Above 6.5%: Mortgage purchase rates dipped slightly this week, with the 30-year fixed rate averaging 6.56% according to Bankrate’s latest data. Despite minor fluctuations, rates remain stubbornly range-bound due to persistent core inflation and geopolitical friction pushing up global oil prices.

The "Higher-for-Longer" Reality: With the 10-year U.S. Treasury yield hovering near 4.56%, economists from Fannie Mae and the MBA expect rates to stay above the 6% threshold for the vast majority of 2026.

The K-Shaped Housing Surge: National reports underscore that luxury buyers (unfazed by financing costs due to liquid stock wealth) are driving most spring transactions. New luxury listings grew 2% year-over-year, while traditional middle-market listings saw a mere 0.6% uptick, leaving entry-level inventory tight.

🏡 California Market Trends
A Tale of Two Markets: The latest figures from the California Association of Realtors (C.A.R.) show that California’s median single-family home price hit a new high of $914,810. While existing home sales posted a 4.1% year-over-year increase—driven heavily by luxury properties over $2 million—the first-time buyer segment remains significantly locked out.

Sellers Cutting Prices: Realtor.com’s fresh spring progress report highlights a multi-year recovery in inventory, with active listings rising across the state. This slower, more balanced market has forced an increase in price cuts on homes that sit beyond the typical "days on market" threshold.

Insurance Pressures Loom: C.A.R. analysts are tracking growing concerns over building operational costs. The California FAIR Plan (the insurer of last resort) is widely expected to push through a massive 30% premium hike this fall, squeezing affordability further.

Folsom Specific

127 active resale listings on the market as of May 30, average 35 days on market - down from 154 in May of last year

55 pending sale since May 1, average 23 days on market - down from 72 last year

70 closed sales in May, averaging 26 days on market - same number as last year

Takeaways: Many home owners are choosing to stay put, enjoying their low interest rates, and/or unwilling to list during tough economic time... The drop in pending sales may be due to the war, with buyers being more cautious until military tensions ease, along with lack of inventory....the number of closed sales proves that people still need and are willing to pay for housing.

Bonus stat: 30 of the 55 pending sales, and 31 of closed sales had multiple offers.

What does that tell you?

05/23/2026

Great post by Manny Andaya.

05/22/2026

Lots of great stuff to do in Folsom Memorial Weekend. Check it out! https://myfolsom.com/events

05/16/2026

How reliable is Zillow? Let me tell you...

05/08/2026

Shout out to the mom's out there. We would not be here if it weren't for you! https://myfolsom.com/2026/05/5-fabulous-things-to-do-on-mothers-day-in-folsom/

04/29/2026

04/28/2026

- Let the city know what you think!

Have ideas for improving Folsom? Join the "Ideas for Change" platform to share your thoughts and help shape Folsom's future.

04/24/2026

Folsom's Super Event Weekend is here! Framily Festival featuring Pato Banton, Sutter Street Sip and Stroll, Dragon Boat Races on Lake Natoma, Folsom Garden Tour, and a Regatta at Folsom Lake! Get out there! https://myfolsom.com/2026/04/folsom-super-event-weekend/

Planning your weekend in Folsom? From the Dragon Boat Festival at Lake Natoma to the Sip and Stroll on Sutter Street, here is your local guide to the 5 great events hitting Folsom this April 25–26.