Consumer Confidence Sinks as Housing Inventory Grows

Welcome back to Real Estate Jerky Daily with Ed Parcaut and Mike Kelly.

In this episode, Ed and Mike break down the latest housing and economic numbers, including a miss in existing home sales, another increase in inventory, and a record-low consumer confidence reading.

Topics covered in this episode:

Existing home sales came in below expectations
National inventory moved higher again
Median home price hit a record for March
First-time buyer, investor, and cash-buyer activity
Why the market still feels uncertain even with more listings
Bond market movement and mortgage rate pressure
University of Michigan consumer confidence drops to a record low
Economic reports still ahead this week, including PPI, ADP, jobless claims, and pending home sales

Real Estate Jerky Daily is publicly described as a weekday show where Ed Parcaut and Mike Kelly bring expert advice, insider knowledge, and market analysis on real estate and mortgages.

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