Millennial Homeownership Surges Across California and Major U.S. Cities

Ed Parcaut and Mike Kelly cover falling national inventory, rising price reductions, record homeowner equity, FHA and VA mortgage distress, assumable VA loans, self-employed borrower rules, and millennial homeownership. National inventory moved to 865,709, median list price fell to $448,665, and price reductions reached 41.44%. At the same time, homeowner equity hit a record $18 trillion, while more recent FHA and VA borrowers showed higher levels of negative equity and default. Ed also explains how VA assumptions may help military families relocate and why changing from W-2 employment to contract work can delay mortgage qualification. 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 #MortgageRates #HousingInventory #PriceReductions #HomeEquity #NegativeEquity #VALoans #VALoanAssumption #FHALoans #MortgageDefault #MilitaryHomebuyer #SelfEmployedBorrower #MillennialHomebuyer #CaliforniaRealEstate #StanislausCountyRealEstate #ModestoRealEstate #TexasRealEstate #FloridaRealEstate #HousingMarketUpdate #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky--6413904/support.