The Fed, Visa Monopoly, and Housing Market Insights

Real Estate Jerky Daily

Welcome back to another episode of Real Estate Jerky Daily with your hosts Ed Parcaut and Mike Kelly! In today's Market Update Thursday Edition, we dive into the latest real estate and economic news that impacts you directly. **In This Episode:** - **California High-Speed Rail:** Mike uncovers a new $54 million money moving scheme involving the Amtrak station in Madeira. - **Economic Insights:** Discussion on 2nd quarter GDP final read at 3%, durable goods orders, and initial jobless claims. - **Pending Home Sales:** What the increase in August means and the ongoing trend. - **Future Predictions:** What to expect from the personal consumption expenditure (PCE) report and its impact on interest rates. - **Real Estate Market Trends:** How current mortgage rate fluctuations are influencing buyer and seller decisions. - **Broker vs. Lender:** Ed explains why staying with a broker might save you $10,000 per transaction. **Chapters:** 0:00 - Introduction 1:05 - California High-Speed Rail Update 2:20 - Insider Trading Allegations 3:30 - 2nd Quarter GDP Insights 5:40 - Durable Goods Order Breakdown 7:00 - Jobless Claims Report 9:10 - Pending Home Sales Analysis 11:00 - Tomorrow’s PCE Report Predictions 12:20 - Mortgage Rate Trends and Advice 14:35 - Why Choosing a Broker Saves Money 16:00 - Personal Announcements & Wrap-Up Tune in next Thursday for another market update! Have any questions or topics you want us to cover? Drop a comment below!

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🔹 **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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Stay tuned till the end as we also touch on some lighter topics and personal milestones. Don’t forget to like, comment, and subscribe for more weekly updates and insights into the real estate market!

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