Ed Parcaut and Mike Kelly dig into the latest existing-home sales numbers (up 1.5% to a 3.99 million pace, per NAR via MBS Highway, with a $417,500 median, per NAR) and break down what that means if you're buying or selling right now.

In this episode:
• Local numbers: 77 closed sales in 13 days, 848 active listings, 345 pending
• National inventory down about 4,000 to 898,139. Median list price $435K, and roughly 43 of every 100 listings take a price cut
• Central Valley split: Stanislaus median down 4.9%, San Joaquin up 4.7%, Merced up 5.1% (C.A.R., August)
• Small business optimism slips to 97.9. ADP weekly hiring keeps climbing
• Michigan consumer sentiment falls to 46.3, the second lowest on record. The gap between people who own assets and people who don't keeps growing
• Ed on building an AI "team" to run his media and podcast work, and why paying for a real human still wins

No cheerleading. No doom. Just the truth, with a little seasoning.
Watch live Mon to Fri on Facebook, LinkedIn and YouTube. More: www.edparcaut.com | @EdParcaut

Ed Parcaut NMLS #235384, CA DRE #01077454. Lending For Living Inc real estate broker NMLS #855360, CA DRE #01907016. Equal Housing Opportunity. This is not a commitment to lend. NMLS Consumer Access: https://www.nmlsconsumeraccess.org/

Cover background: AI-generated (OpenAI); Ed Parcaut and Mike Kelly are real photos.