In this episode of "Real Estate Jerky Daily," hosts Mike Kelly and Ed Parcaut discuss the current state of the real estate market. They touch on various topics such as the potential impact of ACA 13, a ballot measure that could weaken the stability of Prop 13, the forecasted recession based on historical data, and the lack of inventory in the housing market. Mike and Ed also highlight the importance of becoming an authority in the industry without overwhelming potential clients. They emphasize the need for prospective homebuyers to take action and not wait for rates to come down or for more inventory to become available. They discuss the impact of multiple offer situations and the reasons why some buyers are hesitant to make a purchase. Additionally, the hosts provide updates on the Federal Reserve's decision to keep rates unchanged, unemployment and jobless claims, and existing home sales. They express concern over the limited inventory available nationwide, which is significantly below the average. Tune in to this episode for valuable insights and updates on the current state of the real estate market. Is now the right time to buy? Find out as Mike and Ed break down the latest market trends and discuss what it means for potential buyers. Don't miss this informative episode of "Real Estate Jerky Daily." www.edparcaut.com #RealEstateJerkyDaily #MarketUpdateThursday #HousingNews #EconomicOutlook #TightInventory #JobMarket #InterestRates #HomeBuyers #RecessionForecast #InventoryShortage