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Ed Parcaut and Mike Kelly cover rising national housing inventory, price reductions nearing 42%, California sales slowing, PCE inflation, new home sales, builder inventory, ADP job growth, USDA loans, appraisal timing, and buyer payment caution. National inventory rose to 874,784, median list price fell to $442,500, days on market stayed at 63, and price reductions reached 41.97%. Stanislaus County showed 788 active listings, 378 pending sales, and 228 August closings so far. Ed and Mike also discuss new home sales falling 10.5%, builders sitting on nearly 10 months of unsold inventory, ADP employment running near 50,000 jobs for the month, and why buyers need to look at net income before taking on a larger payment. A fast Real Estate Jerky Daily market update with the usual bite.
#RealEstateJerkyDaily #RealEstateJerky #EdParcaut #MikeKelly #HousingInventory #PriceReductions #MortgageRates #PCEInflation #NewHomeSales #BuilderInventory #ADPJobs #USDAloan #VALoans #Appraisal #FirstTimeHomebuyer #BuyerAffordability #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #HousingMarketUpdate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeeth Contact and Social Links: 🔗 **Follow us:**
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