Understanding September's Job Increase and Its Impact on Real Estate

Real Estate Jerky Daily

Welcome to another exciting episode of Real Estate Jerky Daily with your hosts, Ed Parcaut and Mike Kelly. In today's Market Update Friday Edition, we dive deep into the latest Bureau of Labor Statistics jobs report, analyzing the unexpected increase of 254,000 jobs in September and its implications on the real estate market. We also discuss job revisions from July and August, the unemployment rate drop, and the intriguing dynamics of full-time versus part-time job creation. Next, we review the latest news from the Apartment List rental report, revealing a slight decline in new rents and the seasonal trends affecting rental prices. We provide a look ahead to next week's key economic indicators, including the National Federation of Independent Business optimism index, mortgage applications, and the Consumer Price Index, which could have significant impacts on mortgage rates.

We also touch on the potential market effects of current bond market movements and the nuances of California's real estate market dynamics. Whether you're navigating tricky contract situations, dealing with verification of funds, or just curious about state-specific market trends, this episode has got you covered.

Join us for an informative, no-nonsense discussion on everything you need to know about the current real estate market trends. Don’t miss out on this essential market update!

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🔹 **Call to Action:** - If you're considering refinancing, now might be the perfect time! Reach out to your loan officer or contact Ed Parcaut for expert advice. - Need a probate and trust specialized realtor? Mike Kelly is your go-to guy!

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