Housing Market Watch Job Cuts, Pending Sales, and Rate Pressure

In this episode of Real Estate Jerky Daily, Ed Parcaut and Mike Kelly take a fast-moving look at the economic reports, mortgage rate signals, and local real estate numbers shaping the market. The episode opens with Ed and Mike's usual banter before moving into the day's market activity, including a major move in the Dow, the 10-year Treasury sitting around the mid-4 percent range, and mortgage rates improving by several basis points. Ed also discusses how global events, oil movement, and market uncertainty can influence investor behavior and mortgage pricing. The conversation then shifts into the Challenger Job Cut Report, which showed a significant number of corporate layoffs in May. Ed explains why labor data matters to real estate and mortgage rates, especially when buyers, sellers, and borrowers are trying to understand the direction of the market. Ed and Mike also review Stanislaus County real estate activity, including closed transactions, active listings, and pending sales. The local numbers give listeners a better sense of what is actually happening in the Central Valley market instead of relying only on national headlines. This episode is a mix of economic updates, local real estate insight, mortgage market perspective, and classic Real Estate Jerky humor. Subscribe to Real Estate Jerky Daily for real estate market updates, mortgage conversations, and local insight with Ed Parcaut and 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: 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 #MikeKelly #RealEstateJerky #RealEstatePodcast #MortgagePodcast #MortgageRates #HousingMarketUpdate #RealEstateMarket #TreasuryYields #JobCuts #CorporateLayoffs #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MortgageMarket #HomeBuyingTips #RealEstateNews #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.