Ed Parcaut and Mike Kelly cover the California FAIR Plan rate hike that takes effect today and why sellers keep cutting prices.

In this episode:
• California FAIR Plan: an average 29.1% dwelling rate increase for more than 675,000 policyholders, starting today, October 15, on new and renewal policies. Those with higher wildfire risk can pay more, and some policyholders will pay less (California FAIR Plan statement on California Department of Insurance approval). Example: at 29.1%, a $3,000 premium would be about $3,873. Your rate will vary.
• Get the insurance quote before you fall in love with the house, and if you're selling, think about offering to cover a year or two of the buyer's insurance (Ed's opinion, not financial advice.)
• Stanislaus County in September: 320 price cuts and 18 price increases, almost 18 cuts for every increase, with active listings up 11% from August (Realtor.com data via FRED)
• Wholesale inflation: producer prices up 1.3% for the month, the biggest jump since March 2022, and up 6.3% over the year (BLS producer price index for September)
• Retail sales up 0.8% in September (Census Bureau advance estimate). Initial jobless claims at 199,000, up 1,000 from the week before, and continuing claims at 1.71 million (U.S. Department of Labor)
• The crash came in sales, not prices. Why the median price can drop while home values hold
• The median first-time buyer hit a record age of 40 (NAR 2025 Profile of Home Buyers and Sellers). Later in life, a reverse mortgage for purchase can be worth a look (Ed's opinion, not financial advice.) Reverse mortgages are for homeowners 62 and older. The home must be your primary residence, you must keep paying property taxes, insurance and upkeep, and the loan is due when you leave the home.
• Wire fraud warning: call your escrow or title officer at a number you already know before you wire any money (Ed's opinion, not financial advice.)

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

Edward R. Parcaut, NMLS #235384, CA DRE #01077454. Lending For Living Inc, Real estate broker, California Department of Real Estate, NMLS #855360, CA DRE #01907016. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and program availability. NMLS Consumer Access: www.nmlsconsumeraccess.org

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.

Ed Parcaut and Mike Kelly cover Stanislaus County closings, next week's CPI and PPI reports, the 10-year Treasury, mortgage pricing, strong bond auctions, Iran comments, Prop 37 buyer-assistance concerns, FAIR Plan increases, Zillow Gone Wild, Community Corner events, and contractor referrals.

Stanislaus County reached 55 October closings after seven more properties closed. Mortgage pricing was worse by about 16 basis points while the 10-year Treasury sat near 5.26 and continued battling the 5.29 level.

Ed also explains why next week's inflation reports matter and why Prop 37 may mainly benefit new-home builders instead of the broader resale market.

A fast Real Estate Jerky Daily update with the usual bite.

Contact and Social Links:

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🔗 Ed Parcaut:

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- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
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Catch every episode for sharp insight and real talk about what matters now in real estate!

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Ed Parcaut and Mike Kelly cover Stanislaus County housing numbers, mortgage-rate pressure, the 10-year Treasury, oil and Strait of Hormuz headlines, Gulf production shutdowns, jobless claims, the California FAIR Plan increase, a viral Detroit listing, lender stress, Community Corner events, and sponsor opportunities.

Stanislaus County added 10 closings, with 827 active listings and 344 pending sales. Mortgage pricing worsened by about 20 basis points as the 10-year Treasury sat around 5.30.

Ed also explains why oil remains the biggest market problem, with tanker attacks near the Strait of Hormuz and Tropical Storm Isis shutting down part of U.S. Gulf production.

A fast Real Estate Jerky Daily update with the usual bite.

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- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
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Catch every episode for sharp insight and real talk about what matters now in real estate!

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Ed Parcaut and Mike Kelly cover mortgage lock alerts, the 10-year Treasury, France bond-market pressure, Treasury auction concerns, local Stanislaus County closings, falling mortgage applications, lender credit-score changes, California inventory, price reductions, FAIR Plan exposure, home-hardening savings, the silver tsunami, and reverse mortgage strategy.

Stanislaus County started October with 34 closings, 348 pending sales, and 826 active listings. Mortgage applications fell 2.6%, purchase applications dropped 6%, and refinances fell 8%.

Ed also explains why rate volatility is back, why some lenders are lowering credit-score floors, and why seniors with home equity may need to look at reverse mortgage options before credit-card pressure gets worse.

A fast Real Estate Jerky Daily market update with the usual bite.

Contact and Social Links:

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🔗 Ed Parcaut:

www.edparcaut.com
- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
- LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut)

Catch every episode for sharp insight and real talk about what matters now in real estate!

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Ed Parcaut and Mike Kelly cover AI workflow problems, ChatGPT image issues, Canva fixes, Claude automation, Stanislaus County closings, national inventory, price reductions, mortgage rates, Treasury spreads, AI-company debt, ADP jobs, and reverse mortgage strategy.

Stanislaus County finished September with 290 closings, 833 active listings, and 346 pending sales. National inventory rose to 902,112, median list price dropped to $436,490, and price cuts climbed to 42.83%.

Ed also explains why mortgage rates are sitting around 7.57%, with the 10-year Treasury near 5.2624, and how Treasury supply and AI-company borrowing are competing for bond buyers.

A fast Real Estate Jerky Daily update with the usual bite.

Contact and Social Links:

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🔗 Ed Parcaut:

www.edparcaut.com
- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
- LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut)

Catch every episode for sharp insight and real talk about what matters now in real estate!

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Ed Parcaut and Mike Kelly cover Stanislaus County closings, the BLS jobs report, unemployment, major jobs revisions, mortgage pricing swings, oil reserve headlines, the 10-year Treasury, Community Corner event fixes, and buyer opportunity.

Stanislaus County September closings reached 279, up from 260 the day before. The BLS jobs report showed only 29,000 jobs added in September, with unemployment ticking up to 4.2%. July was revised to a loss of 10,000 jobs, and August was revised down to 133,000.

Ed also explains how mortgage pricing flipped from better to worse during the morning as the 10-year Treasury moved near 5.25.

A fast Real Estate Jerky Daily market update with the usual bite.

Contact and Social Links:

🔗 **Follow us:**
- **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky)
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🔗 Ed Parcaut:

www.edparcaut.com
- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
- LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut)

Catch every episode for sharp insight and real talk about what matters now in real estate!

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Ed Parcaut and Mike Kelly cover AI workflows, Claude, ChatGPT, Helping The Brave, Stanislaus County housing numbers, jobless claims, the upcoming BLS jobs report, ISM manufacturing, RealEstateJerky.com's Community Corner, newsletter automation, and local event discovery.

Stanislaus County showed 826 active listings, 354 pending sales, and 269 closed transactions for September.

Initial jobless claims came in at 197,000, while continuing claims remained around 1.7 million. Ed and Mike also preview the BLS jobs report and talk about why AI is becoming essential for websites, newsletters, calendars, and daily business workflows.

A fast Real Estate Jerky Daily update with the usual bite.

Contact and Social Links:

🔗 **Follow us:**
- **Facebook:** [Real Estate Jerky](https://facebook.com/RealEstateJerky)
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🔗 Ed Parcaut:

www.edparcaut.com
- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
- LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut)

Catch every episode for sharp insight and real talk about what matters now in real estate!

#RealEstateJerkyDaily #RealEstateJerky #EdParcaut #MikeKelly #MortgageRates #HousingMarketUpdate #StanislausCountyRealEstate #ModestoRealEstate #CentralValleyRealEstate #JoblessClaims #BLSJobsReport #ISMManufacturing #ClaudeAI #ChatGPT #AIWorkflow #HelpingTheBrave #RealEstateJerkyCom #CommunityCorner #LocalEvents #NewsletterAutomation #Rotary #RealEstatePodcast #MortgagePodcast #MarketNewsWithTeeth