REAL ESTATE JERKY DAILY

Silver Tsunami Won't Deliver Enough Starter Homes for First-Time Buyers

October 7, 2026 · 17:15

Ed Parcaut and Mike Kelly cover mortgage lock alerts, the 10-year Treasury, France bond-market pressure, Treasury auction concerns, local Stanislaus County closings, falling mortgage applications, lender credit-score changes, California inventory, price reductions, FAIR Plan exposure, home-hardening savings, the silver tsunami, and reverse mortgage strategy. Stanislaus County started October with 34 closings, 348 pending sales, and 826 active listings. Mortgage applications fell 2.6%, purchase applications dropped 6%, and refinances fell 8%. Ed also explains why rate volatility is back, why some lenders are lowering credit-score floors, and w