REAL ESTATE JERKY DAILY

Consumer Sentiment Improves While Buyers Still Face Rate Pressure

July 17, 2026 · 13:24

Ed Parcaut and Mike Kelly cover pending home sales, housing starts, builder confidence, foreclosure activity, California listings, mortgage buydowns, and consumer sentiment. Pending home sales fell 5.4%, breaking a four-month streak of gains. Housing starts jumped nearly 20%, but the move was driven mostly by multifamily construction, not single-family supply. Ed and Mike also discuss builder confidence, foreclosure filings, short sales, California market activity, and why temporary buydowns can help buyers manage the first year of payments. A fast real estate and mortgage market update with the usual Real Estate Jerky bite.