REAL ESTATE JERKY DAILY
Understanding the Relationship Between Inventory, Prices, and Rates in the Real Estate Market
In this episode of the "Real Estate Jerky Daily", hosts Mike Kelly and Ed Parcaut dive into various topics, sharing their thoughts and insights on the current real estate market. Starting off with a playful banter about their morning coffee intake and weekend activities, they quickly transition to discussing the significant issue of low inventory in the housing market. They explain how pending home sales have dropped by 13% year over year due to the scarcity of available homes to sell. Despite rising median prices and interest rates, they emphasize that the current situation is not leading to a housing bubble but rather a case of high demand
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