Real Estate Jerky Daily: May Job Reports and Mortgage Application Trends

Welcome to another episode of Real Estate Jerky Daily with hosts Ed Parcaut and Mike Kelly! Join us Monday through Friday for your daily dose of real estate insights and market updates. In today's episode, we tackle several key topics: - **ISM Service Index:** Ed and Mike discuss the health of the service industry in the United States, highlighting its impact on the real estate market. - **ADP Employment Report:** A detailed look at the employment figures in the private sector for May and what they mean for the economy and real estate. - **Mortgage Bankers Association Report:** Insight into the latest mortgage application data, including the decline in application volume and its implications. Ed and Mike also delve into the challenges businesses face in California, touching on the closure of Rubio's Taco locations and the broader economic environment. They provide valuable advice for homeowners and potential buyers, emphasizing strategies like floating instead of locking rates and exploring options for veterans in real estate. Stay tuned until the end for some quick real estate numbers and a bit of humor as our hosts wrap up the show. Whether you're a real estate professional or just curious about the market, this episode is packed with useful information and a few laughs. Don't forget to like, subscribe, and hit the notification bell so you never miss an episode of Real Estate Jerky Daily! **Chapters:** 00:00 - Introduction 00:27 - ISM Service Index Overview 01:15 - ADP Employment Report Analysis 02:00 - Business Closures: Case Study of Rubio's 02:08 - Mortgage Bankers Association Report 03:31 - Real Estate Market Numbers 05:00 - Tips for Homeowners and Buyers 06:30 - Closing Remarks **Follow Us:** - Website: [Ed Parcaut] - Facebook: [Ed Parcaut] - Twitter: [@parcaut] - Instagram: [@edparcaut] **Contact Us:** For inquiries, please email: [email protected] **Thanks for tuning in!** Thanks for tuning in, and we'll see you tomorrow on Real Estate Jerky Daily! #RealEstate #MarketUpdate #Podcast #RealEstateJerky #EdParcaut #MikeKelly #MortgageRates #EconomicReport #HomeBuying #RealEstateAdviceBecome a supporter of this podcast: https://www.spreaker.com/podcast/real-estate-jerky-daily--6413899/support.