Single-Family Rents Rise as Mortgage Rates Worsen and Builders Lean Toward Multifamily

Real Estate Jerky Daily Covers Inventory, Inflation, and Buyer Timing

In this episode of Real Estate Jerky Daily, Ed Parcaut and Mike Kelly return with a Tuesday market update covering local real estate numbers, national inventory, existing home sales, mortgage rates, employment data, and the economic reports buyers and sellers should be watching. Mike starts with the May closing numbers, noting that Stanislaus County finished stronger than it looked earlier in the month, with 322 closings, 705 active listings, and pending sales still holding in the 400s. Ed and Mike explain why these local numbers matter for buyers, sellers, agents, and anyone trying to understand the Central Valley market. Ed then moves into national housing inventory, which rose by more than 10,000 listings to just over 806,000. Even with inventory rising, Ed points out that the market is nowhere near the kind of massive weekly listing surge seen during the Great Recession. That means more inventory does not automatically equal a housing crash. The episode also covers existing home sales, which increased in May, along with the national median existing home price, average days on market, and continued price reductions. Ed and Mike connect these numbers to the practical reality sellers face: pricing still matters, buyers are watching rates, and overpriced homes may need reductions. On the economic side, Ed discusses small business optimism, ADP private sector job growth, the 10-year Treasury, mortgage pricing, and the upcoming CPI report. The conversation also touches on AI-related layoffs and how some companies may be using AI as a reason for workforce reductions, even when the actual impact may still be coming. This episode brings together local real estate data, national housing trends, mortgage insight, employment numbers, inflation expectations, and classic Real Estate Jerky humor. Subscribe to Real Estate Jerky Daily for market news, mortgage updates, and real estate conversations with Ed Parcaut and Mike Kelly. Contact and Social Links: 🔗 **Follow us:** - **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky) - **Instagram:** [@RealEstateJerky](https://instagram.com/RealEstateJerky) - **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 Ed Parcaut: www.edparcaut.com - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Catch every episode for sharp insight and real talk about what matters now in real estate! #RealEstateJerkyDaily #EdParcaut #MikeKelly #RealEstateJerky #RealEstatePodcast #MortgagePodcast #HousingMarketUpdate #MortgageRates #ExistingHomeSales #HousingInventory #RealEstateMarket #CPIReport #InflationReport #ADPJobsReport #SmallBusinessOptimism #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MarketNewsWithTeeth

Why Labor Reports Are Shaping Mortgage Rate Expectations

n this episode of Real Estate Jerky Daily, Ed Parcaut and Mike Kelly cover the latest market signals affecting mortgage rates, real estate decisions, and buyer confidence. The conversation starts with the market reaction to global ceasefire headlines, oil prices, the Dow, and the 10-year Treasury. Ed notes that mortgage pricing improved by several basis points while the 10-year Treasury remained in the mid-4 percent range, keeping rates front and center for buyers and borrowers. Ed and Mike also discuss the Challenger Job Cut Report, which showed corporate layoffs increasing in May, along with initial jobless claims coming in above expectations. With the BLS jobs report coming next, the market is still waiting for a clearer signal on employment, inflation, and where rates may head next. The episode also includes an important warning about wire fraud and AI voice cloning in real estate. Ed and Mike talk about the need for buyers, sellers, and families to have safeguards, including verbal confirmation and safe words, before trusting last-minute wiring instructions or urgent money requests. This episode brings together economic data, mortgage rate movement, local real estate insight, and the classic Real Estate Jerky humor listeners expect from Ed and Mike. Subscribe to Real Estate Jerky Daily for mortgage updates, real estate market talk, and straight conversations about what is really happening in the market. Contact and Social Links: 🔗 **Follow us:** - **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky) - **Instagram:** [@RealEstateJerky](https://instagram.com/RealEstateJerky) - **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 Ed Parcaut: www.edparcaut.com - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Catch every episode for sharp insight and real talk about what matters now in real estate! #RealEstateJerkyDaily #EdParcaut #MikeKelly #RealEstateJerky #RealEstatePodcast #MortgagePodcast #MortgageRates #HousingMarketUpdate #RealEstateMarket #JoblessClaims #CorporateLayoffs #TreasuryYields #BLSJobsReport #MortgageMarket #WireFraud #AIVoiceCloning #EscrowFraud #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate

Housing Market Watch Job Cuts, Pending Sales, and Rate Pressure

In this episode of Real Estate Jerky Daily, Ed Parcaut and Mike Kelly take a fast-moving look at the economic reports, mortgage rate signals, and local real estate numbers shaping the market. The episode opens with Ed and Mike's usual banter before moving into the day's market activity, including a major move in the Dow, the 10-year Treasury sitting around the mid-4 percent range, and mortgage rates improving by several basis points. Ed also discusses how global events, oil movement, and market uncertainty can influence investor behavior and mortgage pricing. The conversation then shifts into the Challenger Job Cut Report, which showed a significant number of corporate layoffs in May. Ed explains why labor data matters to real estate and mortgage rates, especially when buyers, sellers, and borrowers are trying to understand the direction of the market. Ed and Mike also review Stanislaus County real estate activity, including closed transactions, active listings, and pending sales. The local numbers give listeners a better sense of what is actually happening in the Central Valley market instead of relying only on national headlines. This episode is a mix of economic updates, local real estate insight, mortgage market perspective, and classic Real Estate Jerky humor. Subscribe to Real Estate Jerky Daily for real estate market updates, mortgage conversations, and local insight with Ed Parcaut and Mike Kelly. Contact and Social Links: 🔗 **Follow us:** - **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky) - **Instagram:** [@RealEstateJerky](https://instagram.com/RealEstateJerky) - **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 Ed Parcaut: www.edparcaut.com - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Catch every episode for sharp insight and real talk about what matters now in real estate! #RealEstateJerkyDaily #EdParcaut #MikeKelly #RealEstateJerky #RealEstatePodcast #MortgagePodcast #MortgageRates #HousingMarketUpdate #RealEstateMarket #TreasuryYields #JobCuts #CorporateLayoffs #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MortgageMarket #HomeBuyingTips #RealEstateNews #MarketNewsWithTeeth

Mortgage Rules, Market Numbers, and Local Real Estate Talk

In this episode of Real Estate Jerky Daily, Ed Parcaut and Mike Kelly dig into the latest real estate and mortgage market numbers with their usual mix of local insight, market experience, and unfiltered humor. The conversation starts with real-world mortgage documentation issues, including why lenders have to verify income changes, job moves, and salary increases. Ed explains how today's lending environment is shaped by past fraud problems and why borrowers are often surprised by how much documentation is required. From there, Ed and Mike move into the market numbers, including Stanislaus County activity, active listings, pending sales, and recent closed transactions. They also discuss Treasury movement, rate pressure, inflation concerns, oil prices, the ISM services index, the ADP employment report, and Mortgage Bankers Association application data. The episode also touches on purchase and refinance activity, with overall mortgage application volume down for the week, purchase applications down, and refinance applications still struggling under rate pressure. If you are a buyer, seller, homeowner, investor, real estate professional, or mortgage professional, this episode gives you a practical look at what is moving the market and why the numbers matter. Subscribe to Real Estate Jerky Daily for local real estate talk, mortgage strategy, market updates, and real conversations with Ed Parcaut and Mike Kelly. Contact and Social Links: 🔗 **Follow us:** - **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky) - **Instagram:** [@RealEstateJerky](https://instagram.com/RealEstateJerky) - **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 Ed Parcaut: www.edparcaut.com - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Catch every episode for sharp insight and real talk about what matters now in real estate! #RealEstateJerkyDaily #EdParcaut #MikeKelly #RealEstateJerky #RealEstatePodcast #MortgagePodcast #MortgageRates #MortgageApplications #HousingMarketUpdate #RealEstateMarket #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #ADPJobsReport #JobsReport #MortgageMarket #HomeBuyingTips #Refinance #RealEstateNews

Economic Data, Fed Uncertainty, and Real Estate Market Signals

In this episode of Real Estate Jerky Daily, Ed Parcaut breaks down the latest market numbers and what they may mean for real estate, mortgage rates, and housing decisions. The conversation starts with the JOLTS report, which tracks job openings and labor turnover. With job openings coming in above expectations, Ed looks at how labor market strength can influence the broader economy, mortgage rates, and the Federal Reserve's next moves. Ed also discusses movement in the 10-year Treasury, recent pressure on mortgage rates, oil price volatility, and updated home value data showing that prices are still rising, even if many buyers are waiting for a major drop. This episode is a reminder that real estate decisions should not be made from headlines alone. Buyers, sellers, homeowners, and investors need to understand the relationship between jobs, rates, inflation, inventory, and local market conditions.