Alan Greenspan's Legacy Meets Today's AI-Driven Market Shift

National housing inventory moved higher again, price reductions are approaching 40%, and mortgage rates remain volatile as the market waits for more inflation data. In this episode of Real Estate Jerky Daily, Ed Parcaut covers national housing inventory, mortgage rates, the 10-year Treasury, oil prices, upcoming economic reports, Alan Greenspan's economic legacy, and the growing impact of artificial intelligence. Inventory rose by 14,015 active listings to 830,939. The national median list price remained around $450,000, average days on market held near 56, and price reductions increased to approximately 38.62%. Ed explains that nearly 40% of listed properties nationwide have had some kind of price reduction during the listing process. At the same time, he cautions buyers not to assume that appraisals are automatically coming in low, noting that he has not seen that pattern in his own files. The episode also previews the week's key reports, including ADP employment, mortgage applications, new home sales, PCE inflation, the final first-quarter GDP read, and durable goods. Mortgage rates remained under pressure, with the 10-year Treasury around 4.50% and mortgage pricing worse by roughly 18 to 20 basis points during the episode. Ed explains that rates are unlikely to improve meaningfully until inflation shows clearer signs of moving lower. Ed also reflects on Alan Greenspan's role through several major economic events and uses that discussion to compare the rise of AI to the personal-computer revolution. The difference, Ed argues, is that AI is already helping people and companies produce profit, output, and leverage today. Subscribe to Real Estate Jerky Daily for mortgage insight, housing-market updates, economic reports, and market news with teeth. 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 #RealEstateJerky #MortgageRates #HousingInventory #PriceReductions #HousingMarketUpdate #RealEstatePodcast #MortgagePodcast #Inflation #PCEReport #GDPReport #DurableGoods #ADPJobs #NewHomeSales #TenYearTreasury #AlanGreenspan #ArtificialIntelligence #AIRealEstate #MarketNewsWithTeeth #CaliforniaRealEstate #ModestoRealEstate #CentralValleyRealEstateBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.