REAL ESTATE JERKY DAILY

Strong Appraisals Give Buyers Confidence Even as Rates Move Higher

September 4, 2026 · 14:51

Ed Parcaut and Mike Kelly cover the September housing market, Labor Day weekend, Stanislaus County activity, California weekly sales, the BLS jobs report, mortgage-rate pressure, seller credits, appraisals, VA buyers, and mortgage industry layoffs. Stanislaus County opened September with 19 closings, 380 pending sales, and 787 active listings. California weekly data showed closed sales down 7.6%, pending sales down 13.8%, and price reductions at 41.4%. Ed also explains how seller credits can help buyers cover closing costs, why appraisals are still coming in strong, and why a stronger-than-expected jobs report pushed mortgage pricing worse. A