REAL ESTATE JERKY DAILY
Manhattan Rent Prices Show Why Homeownership Still Matters
Ed Parcaut and Mike Kelly cover jobless claims, wholesale inflation, mortgage pricing, Treasury yields, AI tools in real estate, rental affordability, Manhattan rents, land pricing, and Strait of Hormuz uncertainty. Initial jobless claims rose to 209,000, continuing claims moved lower to 1.777 million, and mortgage pricing improved by about 11 basis points. The 10-year Treasury eased near 4.64. Ed and Mike also discuss PPI coming in softer than expected, whether real estate professionals should build or buy AI tools, why rent remains expensive, and why overpricing land can cost sellers weeks of market time. A fast Real Estate Jerky Daily mark
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