Breaking Down October's Housing Market: Sales Growth, Mortgage Rates, and IRS Audits Shortfall

Welcome back to Real Estate Jerky Daily with your hosts Ed Parcaut and Mike Kelly! In today’s episode, we dive into a whirlwind of updates that hit the real estate market and economy this Wednesday. Tune in as we discuss the latest on pending home sales that surprisingly shot up in October amid the talk of interest rates, the nuances behind the latest PCE inflation numbers, and a deep dive into the second estimate of the third quarter Gross Domestic Product. We also unpack the latest on durable good orders, jobless claims, mortgage application trends, and the intriguing updates from the Mortgage Bankers Association. VA refinances are poised to skyrocket, so if you're a vet considering a refi, now might be the golden time. Additionally, the IRS finds itself in hot water with a $20 billion shortfall in enforcement funding, potentially adding a hefty amount to the deficit. We also share our local real estate market insights, with new data on active listings and closings in Stanislaus County. Don’t miss a beat as we wrap it up with a conversation about student debt relief and personal anecdotes that make this episode a must-listen. Ed and Mike remind everyone that they won't be airing new episodes on Thanksgiving or the following Friday but will be back strong on Monday. Join us for the latest in real estate and beyond. Make sure to hit subscribe and enjoy your holiday weekend! Hosts: Ed Parcaut, 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:** - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Need more information? Please visit https://www.edparcaut.com/ Listen now on Apple Podcasts! Don’t forget to subscribe, rate, and review. Happy listening and Happy Thanksgiving! #edParcaut #MikeKelly #RealEstateJerky #MarketUpdate #HomeSales #MortgageRates #EconomicIndicators #GDP #Unemployment #RealEstatePodcast #VAloans #StanislausRealEstateBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.