Inflation and Worker Shortage Plague Main Street: Real Estate Jerky Daily

Welcome to the Real Estate Jerky Daily podcast episode, where Ed Parcaut and Mike Kelly discuss the latest real estate news and market updates. In today's episode, they covered a range of topics including the Small Business Optimism Index, electric vehicles, rent control software lawsuits, credit report changes for FHA, and the rise in house prices. 1. Small Business Optimism Index Decreases: The Small Business Optimism Index declined in August, marking the 20th consecutive month below the 49-year average. Inflation and worker shortage continue to be major obstacles for Main Street. 2. Challenges with Electric Vehicles: Ed and Mike discuss the challenges faced by electric vehicle adoption, including limited charging infrastructure and the weight of batteries for trucks, as well as the implications for the cost of goods and potential delays in distribution. Rent Control Software Lawsuit: A property management software company called Yardies is being sued for allegedly driving up rental prices through its algorithmic pricing recommendations. Delay in Credit Report Changes: FHA delays implementation of FICO Ten T and Vantage Score 4.0 to address concerns and ensure compatibility with potential homebuyers' preferences. Rising House Prices: CoreLogic reports a 4 tenths percent increase in house prices in July, with a 2.5% year-over-year rise. The forecast predicts further increases in August and a 3.5% rise over the next twelve months. Inflation Concerns: The podcast hosts emphasize the need to address inflation and the negative impact it has on the economy, urging voters to make informed decisions and seek effective policies. Overall, this episode highlights the challenges faced by small businesses, the complexities of electric vehicle adoption, legal issues surrounding rent control software, and the implications of delayed credit report changes. Additionally, it sheds light on the continuous rise in house prices and the importance of addressing inflation through informed voting and effective policies. #RealEstateJerkyDaily #MarketUpdateTuesday #RealEstateNews #InflationWoes #WorkerShortage #RentControlLawsuit #SmallBusinessOptimismIndex #CreditReportChanges #LowInventory #HousePriceRise #CPIForecast #StopTheInflation #VoteWisely #PoliciesThatHurt #RealEstateMarketUpdates #StayInformed #PodcastListeners #HousingMarketTrends #EconomicOutlookBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.