REAL ESTATE JERKY DAILY
Walmart Sales Signal Consumer Stress While Housing Values Hold Up
Ed Parcaut and Mike Kelly cover Stanislaus County closings, local listings, jobless claims, single-family rents, home-price appreciation, consumer stress, mortgage-rate pressure, and California insurance concerns. Stanislaus County reached 158 closings, with about 784 active listings. Initial jobless claims fell to 206,000, continuing claims rose to 1.79 million, and single-family rents increased 1.5% year over year. Ed also discusses ICE home-price data showing national values up 1.71%, Walmart earnings pointing to consumer stress, mortgage pricing worsening by about 11 basis points, and why buyers need to be careful when the full housing pa
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