Market Update Small Business Optimism, Housing Bubble Concerns, and Inflation Predictions

Welcome to another episode of Real Estate Jerky Daily! In today's Market Update Tuesday edition, Ed Parcaut and Mike Kelly bring you the latest insights and analysis on the real estate market.
*In This Episode:*
- Ed and Mike kick off the episode with a discussion on the National Federation of Independent Business (NFIB) Small Business Optimism Index, which saw a slight increase in June.
- They delve into the implications of unemployment rates and what an increase to 4.1% could mean for the Federal Reserve.
- The duo discusses the significance of the upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) data.
- A bit of political commentary on the Biden administration and speculations around President Biden's candidacy.
- Personal anecdotes from Mike about a client’s experience in Florida and the high costs associated with property taxes and insurance there.
- Insights into the southern housing market, including a potential housing bubble due to an increase in new homes.
- Discussion on Governor Newsom's new mandate for high school financial accountability classes.
- Updates on mortgage applications and upcoming testimonies that could affect the market.
- Ed and Mike also share their experiences with home air conditioning and the benefits of shaded areas around homes.
- A detailed conversation about solar panel installations and the financial implications of leasing versus owning a solar system.
- Ed emphasizes his expertise in VA loans, and Mike humorously recalls his probate specialization.
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*Timestamps:*
00:00 - Intro
00:34 - NFIB Small Business Optimism Index
02:01 - Implications of Unemployment Rates
02:56 - CPI and PPI Expectations
03:50 - Political Commentary on Biden Administration
05:31 - Mike's Client Experience in Florida
07:50 - Discussion on Southern Housing Market
10:27 - Newsom's Financial Accountability Class Mandate
11:38 - Mortgage Applications and Testimonies
12:20 - Home Air Conditioning Insights
13:47 - Solar Panel Installations: Leasing vs. Owning
16:40 - Ed's VA Loan Expertise and Mike's Probate Specialization