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Ed Parcaut and Mike Kelly cover mortgage rates, Fed week, PCE inflation, durable goods, oil prices, national inventory, price reductions, foreclosures, VA appraisals, and buyer opportunity. National single-family inventory reached 865,223, up 5,864 for the week, while median list price stayed at $449,900 and days on market held at 63. Price reductions rose to 40.64%. Ed and Mike also explain why durable goods looked weak on the headline but stronger underneath, why foreclosure increases are not the same as 2008, and why buyers may still have room to move while competition is lower. A fast Real Estate Jerky Daily market update with the usual bite.
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