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Market Update Wednesday: Mortgage Applications Down, Refinances Rising, and Economic Concerns
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Welcome to "Market Update Wednesday" on Real Estate Jerky Daily! In today's episode, hosts Ed Parcaut and Mike Kelly dive into the latest trends and data impacting the real estate market. From mortgage application decreases to rising credit card debts, we break down what these numbers mean for you. **Episode Highlights:** - Technical issues and their resolution - Mortgage Bankers Association's latest report on mortgage applications - The impact of rising credit card debt on the economy - Upcoming FED minutes and the anticipated Jackson Hole meeting - Market data: Active listings, closed sales, and pending sales - Discussion on real estate commissions and the implication of NAR’s new guidelines - How back-to-school season affects real estate activity - Bond market update and recent trends in refinancing offers - Insight into retirees returning to the workforce due to increasing expenses - Fascinating opportunities abroad, including relocation incentives in Italy Whether you're a seasoned real estate professional or just curious about market trends, this episode is packed with valuable insights. Don't forget to subscribe and hit the notification bell to stay updated with our daily market updates and expert analysis.
📬 Connect with us:** - Twitter: [@RealEstateJerky](https://twitter.com/RealEstateJerky) - Instagram: [@RealEstateJerky](https://www.instagram.com/RealEstateJerky) - Facebook: [Real Estate Jerky](https://www.facebook.com/RealEstateJerky) - Website: [RealEstateJerky.com](https://www.realestatejerky.com) 🔗 **Ed Parcaut:** - Twitter: [@EdParcaut](https://twitter.com/EdParcaut) - LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut)
**Podcast Links:** - Spotify: [Listen on Spotify](https://open.spotify.com/show/realestatejerkydaily) - Apple Podcasts: [Listen on Apple Podcasts](https://podcasts.apple.com/us/podcast/realestatejerkydaily) If you enjoy the podcast, please leave us a review on your favorite platform! **Timestamps:** 0:00 - Introduction and technical issues 0:12 - MBA's mortgage report 1:22 - Impact of rising credit card debt 2:23 - Anticipating the FED minutes and Jackson Hole 3:45 - Market data overview 5:36 - The impact of real estate commissions 6:22 - Back-to-school season and real estate 8:55 - Bond market and refinance trends 10:13 - Retirees returning to the workforce 10:41 - Relocation incentives in Italy 11:30 - Upcoming news and market movers Thank you for tuning in! See you tomorrow for another Market Update. #RealEstate #MarketUpdate #MortgageTrends #JacksonHole #RealEstateJerkyDaily #EdParcaut #MikeKelly #HomeSales #EconomicTrends #Refinancing #Podcast
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