Real Estate Jerky Daily Covers Inventory, Inflation, and Buyer Timing

In this episode of Real Estate Jerky Daily, Ed Parcaut and Mike Kelly return with a Tuesday market update covering local real estate numbers, national inventory, existing home sales, mortgage rates, employment data, and the economic reports buyers and sellers should be watching. Mike starts with the May closing numbers, noting that Stanislaus County finished stronger than it looked earlier in the month, with 322 closings, 705 active listings, and pending sales still holding in the 400s. Ed and Mike explain why these local numbers matter for buyers, sellers, agents, and anyone trying to understand the Central Valley market. Ed then moves into national housing inventory, which rose by more than 10,000 listings to just over 806,000. Even with inventory rising, Ed points out that the market is nowhere near the kind of massive weekly listing surge seen during the Great Recession. That means more inventory does not automatically equal a housing crash. The episode also covers existing home sales, which increased in May, along with the national median existing home price, average days on market, and continued price reductions. Ed and Mike connect these numbers to the practical reality sellers face: pricing still matters, buyers are watching rates, and overpriced homes may need reductions. On the economic side, Ed discusses small business optimism, ADP private sector job growth, the 10-year Treasury, mortgage pricing, and the upcoming CPI report. The conversation also touches on AI-related layoffs and how some companies may be using AI as a reason for workforce reductions, even when the actual impact may still be coming. This episode brings together local real estate data, national housing trends, mortgage insight, employment numbers, inflation expectations, and classic Real Estate Jerky humor. Subscribe to Real Estate Jerky Daily for market news, mortgage updates, and real estate conversations 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 #HousingMarketUpdate #MortgageRates #ExistingHomeSales #HousingInventory #RealEstateMarket #CPIReport #InflationReport #ADPJobsReport #SmallBusinessOptimism #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #CaliforniaRealEstate #MarketNewsWithTeethBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.