Falling Skies and Rising Inventory: Real Estate Update

On this episode of Real Estate Jerky Daily, hosts Mike Kelly and Ed Parcaut discuss the latest market updates. They delve into the current state of California's real estate market, noting the decrease in closed and pending sales compared to previous weeks. However, they also highlight the increase in listings, indicating a rise in inventory. The hosts analyze the percentages of Realtors involved in closing sales, entering escrow, and listing properties, demonstrating the correlation with the rising inventory. They also touch on the seasonal trends in the housing market and how it affects buyer activity. The hosts mention the University of Michigan's consumer sentiment gauge and its impact on Christmas spending. They discuss property value fluctuations, citing Zillow's data on declining values in September but overall increases compared to the previous year. The conversation concludes with a discussion on Governor Gruesome's new bill and its potential impact on rental properties. The hosts anticipate a potential influx of homes available for purchase and a decrease in rental options as a result. They conclude the episode by previewing upcoming news on retail sales, NAHB, mortgage applications, housing starts and permits, the Fed's Beige Book, initial jobless claims, and existing home sales. www.edparcaut.com   #RealEstateJerkyDaily #MarketUpdateFriday #PodcastLife #MarketNews #CaliforniaRealEstate #HousingMarket #ConsumerSentiment #HolidayShopping #PropertyValues #RentalMarket #JobMarket #HousingBuilders #MortgageApplications #HomeSales #EconomicIndicators #RealEstateUpdates #FridayThe13thBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.