New Home Sales Rise and Unemployment Claims Fall: Thursday Market Update with Ed Parcaut

Real Estate Jerky Daily

In this brief Thursday update, Ed Parcaut dives into the latest economic indicators affecting the housing and labor markets. While Mike Kelly is away, Ed provides a concise analysis of the recent initial jobless claims and new home sales reports.

Key takeaways include:

• Initial jobless claims decreased to 227,000, but continuing claims rose, indicating longer unemployment durations.

• New home sales increased by 4.1% in September, with median home prices rising to $426,300.

• The bond market's fluctuation is discussed along with its potential impact on interest rates.

Tune in for an insightful snapshot of the current economic landscape and what might be on the horizon. Don't forget to join us tomorrow for a more in-depth discussion and our usual back-and-forth!

Host: Ed Parcaut

Note: Reach out to Ed for any questions or further insights. Make it a great day!

🔹 **Call to Action:** - If you're considering refinancing, now might be the perfect time! Reach out to your loan officer or contact Ed Parcaut for expert advice. - Need a probate and trust specialized realtor? Mike Kelly is your go-to guy!

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