REAL ESTATE JERKY DAILY
Why Reverse Mortgage Purchase Files Need Builder and Escrow Training
Ed Parcaut and Mike Kelly cover California housing activity, Stanislaus County and San Joaquin County numbers, mortgage-rate movement, new home sales, tariff headlines, and reverse purchase escrow delays. California weekly data showed closed sales per day down 5.8%, pending sales per day down 1.2%, and new listings down 19.2%. Price reductions stayed elevated near 38.9%. Ed and Mike also discuss mortgage pricing improving by about 27 basis points, new home sales rising 1.6% in June, and why reverse mortgage purchase files need extra coordination with builders and escrow companies. A fast Real Estate Jerky Daily market update with the usual bi
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