REAL ESTATE JERKY DAILY
Oil Shipping Disruptions Keep Inflation and Mortgage Markets on Edge
Ed Parcaut and Mike Kelly cover rising national inventory, seller price reductions, mortgage-rate pressure, builder confidence, oil-shipping disruption, California homeowners insurance, Zillow layoffs, and Stanislaus County real estate activity. National inventory rose to 871,063, median list price moved to $445,000, and price reductions reached 41.68%. Mortgage pricing worsened by about 8 basis points as the 10-year Treasury moved near 4.706. Ed and Mike also discuss weak builder sentiment, higher California insurance premiums and deductibles, the growing FAIR Plan, Zillow cutting more than 500 jobs, and the major housing and employment repo
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