Local Mortgage Broker Mike Adams of Alltrust Lending Offers Expert Guidance to Homebuyers and Investors
FOLSOM, CA / ACCESS Newswire / April 15, 2025 / The Folsom housing market continues to demonstrate resilience and adaptability in the face of economic changes. Recent data indicates a dynamic real estate environment, with both challenges and opportunities for prospective homebuyers and investors.
In January 2025, the median sale price of homes in Folsom was $721,250, reflecting a 12.6% decrease compared to the previous year. Homes typically sold after an average of 45 days on the market, an increase from 32 days in the prior year. Despite these shifts, the market remains highly competitive, with properties receiving multiple offers and selling close to the listing price.
Mortgage rates have remained relatively stable, with the Federal Reserve maintaining the federal funds rate between 4.25% and 4.5%. This stability has kept mortgage rates hovering just below 7%, sustaining the cost of borrowing for home purchases.
Mike Adams, a top-rated mortgage broker in Folsom, CA, emphasizes the importance of understanding these market dynamics. "Navigating the current housing market requires informed decision-making," says Adams. "With property values adjusting and interest rates holding steady, it's crucial for buyers and investors to have a clear strategy."
Alltrust Lending, a leading mortgage brokerage serving Folsom and surrounding areas, offers a range of services tailored to individual needs, including home purchase loans, refinancing solutions, and first-time homebuyer programs. The firm's personalized approach ensures that clients receive expert guidance suited to their unique financial situations.
The Folsom market's competitiveness is evident, with homes receiving an average of three offers and going under contract in approximately 28 days. This underscores the necessity for buyers to be well-prepared and pre-approved for financing.
Mike Adams at Alltrust Lending in Folsom, CA advises potential buyers to stay informed about local market trends and to consult with experienced professionals when considering a home purchase. "Understanding the nuances of the Folsom housing market can provide a significant advantage," he notes. "Our goal at Alltrust Lending is to equip our clients with the knowledge and resources they need to make confident decisions."
For more information on mortgage services and to explore loan options, visit Alltrust Lending's official website. Prospective clients can also contact Mike Adams for a free mortgage consultation to discuss their home financing needs.
About Alltrust Lending
Alltrust Lending, a trusted mortgage brokerage in Folsom, CA, is led by expert mortgage broker Mike Adams. The firm specializes in personalized mortgage solutions, including home purchase loans, refinancing, and first-time homebuyer programs. Committed to client success, Alltrust Lending offers expert guidance to help buyers navigate the complexities of the mortgage process.
Media Contact:
Name: Mike Adams | Mortgage Broker | Alltrust Lending
Email: mike@alltrustlending.com
Phone: +1 (707) 540-4173
SOURCE: Mike Adams | Mortgage Broker | Alltrust Lending
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