REAL ESTATE JERKY DAILY

Almost 40% of Listings See Price Cuts as Sellers Face Buyer Pushback

July 13, 2026 · 16:03

Ed Parcaut and Mike Kelly cover national housing inventory, price reductions near 40%, mortgage-rate pressure, oil uncertainty, and the major economic reports coming this week. Inventory moved to 844,011, the median list price dipped slightly to $449,900, days on market jumped to 63, and price reductions reached 39.57%. Ed and Mike also discuss CPI, PPI, retail sales, pending home sales, housing starts, VA well water testing, reverse purchase timing, and local Stanislaus County activity. A fast real estate and mortgage market update with the usual Real Estate Jerky bite.