REAL ESTATE JERKY RADIO

Millennial Homeownership Surges Across California and Major U.S. Cities

August 17, 2026 · 46:47

Ed Parcaut and Mike Kelly cover falling national inventory, rising price reductions, record homeowner equity, FHA and VA mortgage distress, assumable VA loans, self-employed borrower rules, and millennial homeownership. National inventory moved to 865,709, median list price fell to $448,665, and price reductions reached 41.44%. At the same time, homeowner equity hit a record $18 trillion, while more recent FHA and VA borrowers showed higher levels of negative equity and default. Ed also explains how VA assumptions may help military families relocate and why changing from W-2 employment to contract work can delay mortgage qualification. A full