

REAL ESTATE JERKY DAILY
National Inventory Falls While Days on Market Holds at 70
Ed Parcaut and Mike Kelly cover local Stanislaus County housing activity, California sales trends, mortgage-rate pressure, national inventory, consumer sentiment, durable goods, and state housing mandates. Stanislaus County showed 869 active listings, 364 pending sales, and 209 September closings so far. California closed sales were down 18.2% from the prior week, pending sales were down 34.7%, and price reductions remained high at 41.2%. Ed also explains why his rate model points toward locking, with mortgage rates around 7.45% and the 10-year Treasury near 5.20. A fast Real Estate Jerky Daily update with the usual bite.
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