REAL ESTATE JERKY DAILY
Rent Gets Relatively Cheaper as Buyers Look for Leverage
Ed Parcaut and Mike Kelly cover Stanislaus County closings, mortgage-rate pressure, oil prices, Fed hike odds, home-price reports, existing home sales, rents, jobs data, consumer confidence, California housing bills, and the Mr. Beast house. Stanislaus County reached 238 closings for September. Mortgage pricing worsened by roughly 26 to 28 basis points, while the 10-year Treasury sat near 5.28. Ed also explains why this is a lock market, why rates are moving faster than home prices, and why buyers still have leverage when fewer people are writing offers. A fast Real Estate Jerky Daily market update with the usual bite.
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