Existing Home Sales Disappoint While Rising Inventory Tests Sellers

Welcome back to Real Estate Jerky Daily with Ed Parcaut and Mike Kelly.

In this episode, Ed and Mike break down a market that is showing more inventory but still has plenty of pressure coming from rates and oil. Existing home sales came in a little light, retail sales were strong, and sellers who ignore pricing advice are still making life harder on themselves.

Topics covered in this episode:

the Dow opens lower and the 10-year Treasury stays elevated
rates are flat after getting hit hard on Friday
oil stays above $100 and keeps pressure on mortgage pricing
existing home sales come in around 4.0 million, slightly below expectations
local weekly numbers show closed sales down, pendings a bit better, and new listings up sharply
price reductions keep climbing
buyers sometimes get better opportunities when higher rates scare others out
AI voice and wire-fraud risks in escrow remain a serious issue
upcoming data includes housing starts, permits, and jobless claims

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Видео Existing Home Sales Disappoint While Rising Inventory Tests Sellers канала Ed Parcaut