Homeownership Rates Show Why Younger Buyers Need a Plan

Ed Parcaut and Mike Kelly cover national housing inventory, price reductions, pre-qualification versus pre-approval, California housing data, Stanislaus County real estate activity, reverse mortgage purchase closings, short sales, and homeownership rates. National inventory rose to 859,359, median days on market moved from 52 to 63, and price reductions climbed to 40.22%. Ed explains why fully underwritten pre-approval is stronger than a simple pre-qualification and why that matters when a buyer wants a clean, fast closing. They also discuss California listings, local Modesto and Stanislaus County numbers, reverse mortgage purchase escrow issues, VA loan changes, first-time buyer challenges, and California growth cities like Manteca, Roseville, Clovis, Irvine, Menifee, Chico, and Dublin. A full Real Estate Jerky market update with something to chew on. 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! #RealEstateJerky #EdParcaut #MikeKelly #LendingForLiving #LoanSquad #PowerTalk1365 #MortgageRates #HousingInventory #PriceReductions #PreApproval #FullyUnderwrittenPreApproval #VALoans #ReverseMortgage #HECMForPurchase #CaliforniaRealEstate #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #FirstTimeHomebuyer #Homeownership #MantecaRealEstate #RealEstatePodcast #MortgagePodcast #HousingMarketUpdate #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky--6413904/support.