Real Estate Jerky Daily

Ed Parcaut and Mike Kelly cover mortgage rates falling for a second straight week, with Freddie Mac's 30-year average at 7.24%, down from 7.32%. They also cover the tech selloff after Amazon earnings and the move into Treasuries that pulled the 10-year down, the Employment Cost Index, oil after a tanker attack in the Strait of Hormuz, home values and inventory, Fed and betting market odds, a Calif...

Ed Parcaut and Mike Kelly cover why Zillow is paying $212.5 million to settle the investor class action over its shut down Zillow Offers home flipping business, and what agents and homebuyers are seeing from Zillow leads. They also cover September's PCE inflation report, the 10-year Treasury, the two Fed dissenters, strong third quarter GDP, bonds and AI stocks, the Best Pest teddy sock drive, sel...

Ed Parcaut and Mike Kelly cover mortgage applications rising for the first time in weeks as everyone waits on today's Fed decision, plus what it could mean for homebuyers. They also cover Modesto active, pending and closed listings, the Bank of Canada rate hike, oil prices and overseas bond yields, Fannie Mae and Freddie Mac earnings, builders cutting prices, the Little Hoover Commission hearings...

TITLE: Are New Homes Cheaper Than Existing Homes? | REJ Daily 661   DESCRIPTION: Ed Parcaut and Mike Kelly look at September new home sales and why a new build may now cost less than an existing home, plus what that means for homebuyers. They also cover Modesto listings, pending and closed sales, consumer confidence, ADP jobs, Case Shiller and FHFA home prices, foreclosure starts on newer loans, t...

Ed Parcaut and Mike Kelly look at what is moving mortgage rates this week, from oil prices to AI company debt and the bond market, and what the Fed meeting may or may not mean for homebuyers. They also cover local Modesto listings, pending and closed sales, a new California insurance rate filing review, and a flying saucer house near Idyllwild. CHAPTERS: 0:00 Intro with Ed Parcaut and Mike Kelly 0...

Ed Parcaut and Mike Kelly talk about why the Stanislaus County median is still up from a year ago, and what 4.8 months of national supply really means for buyers. They also cover VA loan seller concessions, the FAIR Plan increase, Prop 1 and CalVet, and the new townhome law. Become a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support .

Ed Parcaut and Mike Kelly cover a leaked White House draft order aimed at mortgage costs, mortgage applications falling even as rates eased, C.A.R.'s 2027 California forecast and why buyers have leverage right now. In this episode: • Ed's new show, The Daily Muster: a 10-minute look at what happened on this day in history, starting Monday on YouTube and podcasts • Local check: Stanislaus Count...

Ed Parcaut and Mike Kelly cover pending home sales dropping in every region with the West the worst, a housing starts miss, oil at a five-month high and a pirate ship house in Utah.   In this episode: • Local check: Stanislaus County listings, pendings and closings up from yesterday (the MLS screen shown on air) • Why compliance watches what we say about sellers helping buy down a rate, and why a...

Ed Parcaut and Mike Kelly cover builder confidence at a 14-year low, California's August sales, a Central Valley real estate fraud sentence and how agents can put a crew of AI bots to work.   In this episode: • Local check: Stanislaus County at 863 active listings, 322 pending and 139 closed (the MLS screen shown on air) • California in August: existing single-family home sales up 1.4% from a year...

Ed Parcaut and Mike Kelly cover the local market, the California FAIR Plan increase, a state check on LA fire insurance payouts and what's on next week's calendar. In this episode: • Stanislaus County market: 122 closed transactions since October 1st, 858 listings and 328 pendings (Mike Kelly's local market numbers) • Bonds and rates moved all over the place this week • The California FAIR Plan in...

Ed Parcaut and Mike Kelly cover the California FAIR Plan rate hike that takes effect today and why sellers keep cutting prices. In this episode: • California FAIR Plan: an average 29.1% dwelling rate increase for more than 675,000 policyholders, starting today, October 15, on new and renewal policies. Those with higher wildfire risk can pay more, and some policyholders will pay less (California FA...

Ed Parcaut and Mike Kelly dig into the latest existing-home sales numbers (up 1.5% to a 3.99 million pace, per NAR via MBS Highway, with a $417,500 median, per NAR) and break down what that means if you're buying or selling right now. In this episode: • Local numbers: 77 closed sales in 13 days, 848 active listings, 345 pending • National inventory down about 4,000 to 898,139. Median list price $4...

Ed Parcaut and Mike Kelly cover Stanislaus County closings, next week's CPI and PPI reports, the 10-year Treasury, mortgage pricing, strong bond auctions, Iran comments, Prop 37 buyer-assistance concerns, FAIR Plan increases, Zillow Gone Wild, Community Corner events, and contractor referrals. Stanislaus County reached 55 October closings after seven more properties closed. Mortgage pricing was wo...

Ed Parcaut and Mike Kelly cover Stanislaus County housing numbers, mortgage-rate pressure, the 10-year Treasury, oil and Strait of Hormuz headlines, Gulf production shutdowns, jobless claims, the California FAIR Plan increase, a viral Detroit listing, lender stress, Community Corner events, and sponsor opportunities. Stanislaus County added 10 closings, with 827 active listings and 344 pending sal...

Ed Parcaut and Mike Kelly cover mortgage lock alerts, the 10-year Treasury, France bond-market pressure, Treasury auction concerns, local Stanislaus County closings, falling mortgage applications, lender credit-score changes, California inventory, price reductions, FAIR Plan exposure, home-hardening savings, the silver tsunami, and reverse mortgage strategy. Stanislaus County started October with...

Ed Parcaut and Mike Kelly cover AI workflow problems, ChatGPT image issues, Canva fixes, Claude automation, Stanislaus County closings, national inventory, price reductions, mortgage rates, Treasury spreads, AI-company debt, ADP jobs, and reverse mortgage strategy. Stanislaus County finished September with 290 closings, 833 active listings, and 346 pending sales. National inventory rose to 902,112...

Ed Parcaut and Mike Kelly cover Stanislaus County closings, the BLS jobs report, unemployment, major jobs revisions, mortgage pricing swings, oil reserve headlines, the 10-year Treasury, Community Corner event fixes, and buyer opportunity. Stanislaus County September closings reached 279, up from 260 the day before. The BLS jobs report showed only 29,000 jobs added in September, with unemployment...

Ed Parcaut and Mike Kelly cover AI workflows, Claude, ChatGPT, Helping The Brave, Stanislaus County housing numbers, jobless claims, the upcoming BLS jobs report, ISM manufacturing, RealEstateJerky.com's Community Corner, newsletter automation, and local event discovery. Stanislaus County showed 826 active listings, 354 pending sales, and 269 closed transactions for September. Initial jobless clai...

Ed Parcaut and Mike Kelly cover Stanislaus County closings, mortgage applications, ADP jobs, GDP, PCE inflation, oil, Fed hike odds, California homeownership assistance ideas, SB 24 builder-cost transparency, and a home contractor warning. Stanislaus County reached 250 closings, with 367 pending sales and 833 active listings as September wraps up. Mortgage applications fell as rates rose to 7.30%....

Ed Parcaut and Mike Kelly cover Stanislaus County closings, mortgage-rate pressure, oil prices, Fed hike odds, home-price reports, existing home sales, rents, jobs data, consumer confidence, California housing bills, and the Mr. Beast house. Stanislaus County reached 238 closings for September. Mortgage pricing worsened by roughly 26 to 28 basis points, while the 10-year Treasury sat near 5.28. Ed...

Ed Parcaut and Mike Kelly cover Stanislaus County housing activity, national inventory, price reductions, a major mortgage lock alert, Treasury yields, oil pressure, Iran headlines, seller buydowns, and upcoming economic reports. Stanislaus County showed 848 active listings, 371 pending sales, and 229 September closings so far. National inventory rose to 895,398, while price reductions climbed to...

Ed Parcaut and Mike Kelly cover local Stanislaus County housing activity, California sales trends, mortgage-rate pressure, national inventory, consumer sentiment, durable goods, and state housing mandates. Stanislaus County showed 869 active listings, 364 pending sales, and 209 September closings so far. California closed sales were down 18.2% from the prior week, pending sales were down 34.7%, an...

Ed Parcaut and Mike Kelly cover Stanislaus County real estate numbers, mortgage-rate pressure, Treasury yields, jobless claims, new home sales, diesel prices, and local community events. Stanislaus County showed 866 active listings, 374 pending sales, and 190 September closings so far. Mortgage pricing worsened again as the 10-year Treasury hit 5.16, the highest level discussed since 2007. Ed and...

Ed Parcaut and Mike Kelly cover Stanislaus County closings, mortgage applications, refinance weakness, a major lock alert, Treasury yields, oil headlines, Iran talks, China and rare earths, diesel costs, and AI tools for podcast production. Stanislaus County reached 182 September closings, while active listings slipped slightly and pending sales rose by two. Mortgage applications fell 1.5%, purcha...

Ed Parcaut and Mike Kelly introduce the new RealEstateJerky.com and cover local Stanislaus County real estate numbers, AI tools, oil headlines, ADP job growth, mortgage pricing, and homeowners insurance issues. Stanislaus County closings jumped to 171, pending sales held at 371, and active listings sat around 873. Ed also explains how AI tools like ChatGPT, Opus Clips, and Suno helped build show a...