Understanding Current Inventory Levels and Market Dynamics

Real Estate Jerky Daily

Welcome back to the Monday edition of Real Estate Jerky Daily with your hosts Ed Parcaut and Mike Kelly! In today's episode, we dive into the latest market updates, real estate trends, and what to expect in the upcoming days.

**Here's what we covered:** - [00:00:00] Introduction and hellos - [00:00:25] Overview of weekly economic reports and Fed minutes - [00:00:59] Initial jobless claims and new home sales - [00:01:27] Discussion on President Biden's take on inflation - [00:01:44] Nationwide real estate inventory - [00:03:16] Increase in price cuts and seller pricing strategies - [00:03:41] Challenges in Florida's real estate market - [00:05:05] Market news: First-time homebuyers in Santa Monica - [00:06:08] The financial struggle for veterans and seniors in various states - [00:08:02] High utility, transportation, and grocery costs in California - [00:09:23] Best places for veterans to live in 2024 - [00:11:00] New property listing in Tuolumne County

**Special Mentions:** - Dr. Horton’s passing - California leading in bankruptcy risks for seniors - Impact of high insurance rates and lack of local jobs in certain markets

**Property Highlight:** Mike Kelly lists a beautiful hillside property in Tuolumne County with a unique multi-level design, perfect for a couple looking to customize their space.

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