REAL ESTATE JERKY DAILY

Wire Fraud Warnings Matter More as Closing Scams Keep Growing

September 18, 2026 · 13:22

Ed Parcaut and Mike Kelly cover California housing data, mortgage-rate pressure, the 10-year Treasury crossing 5%, diesel costs, pipeline repairs, wire fraud warnings, luxury real estate stories, and AI listing-photo mistakes. California closed sales fell 32.4%, pending sales dropped 28.3%, and price reductions stayed near 40.9%. Mortgage pricing worsened by about 31 basis points, while the 10-year Treasury moved near 5.00. Ed and Mike also discuss California diesel at $8.34 a gallon, why fuel costs affect housing, how wire fraud continues targeting buyers, and why real estate agents must carefully review AI-edited listing photos. A fast Real