Welcome to another episode of the Real Estate Jerky Daily, your go-to podcast for all things real estate! Hosted by Ed Parcaut and Mike Kelly, today’s episode is packed with insightful market updates and candid discussions.
🔔 **What's in this episode?**

- The significance of new home sales data and why tracking signed contracts vs. closed sales can be misleading.
- A deep dive into the latest figures: new home sales decreased by 4.7% in August, the impact of higher mortgage rates, and what this could mean for future sales.
- Mortgage Banker Association’s latest mortgage application data, showing an 11% surge in overall application volume.
- Why it's crucial to scrutinize refinance offers, highlighting a case where $11,000 in points made a refinance deal less appealing.
- A detailed look into impound accounts, property taxes, and how changes can impact your mortgage payments.
- Stories of client experiences, challenges in navigating the current market, and the importance of finding the right home.
Mike Kelly also shares about his conversation with Wesson from Junior Seals on raising funds to complete his building project, emphasizing how cutting corners initially can lead to higher costs down the line. 
Plus, updates on insurance challenges in California from the state’s insurance commissioner and what you can expect moving forward.
Don’t miss this episode if you're looking for the latest market insights, practical advice, and some light-hearted banter! **Chapters:**
0:00 Introduction
1:00 New Home Sales Data Discussion
3:14 Mortgage Application Data & Insights
5:00 Refinancing Dangers & Hidden Costs
8:00 Impound Accounts & Property Taxes 
10:00 Client Stories & Market Navigation
12:00 Fundraising Challenges for Junior Seals
14:30 Insurance Challenges in California
18:00 Final Thoughts & Market Takeaways 📅 **Subscribe and Follow Us:**
Don't miss our daily updates from Monday to Friday. If you love what we do, hit the subscribe button, give us a thumbs up, and let us know your thoughts in the comments below. 🔹 **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! 🔗 **Follow us:**
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- **Website:** [Real Estate Jerky](https://realestatejerky.com) 🔗 **Ed Parcaut:**
- Twitter: [@EdParcaut](https://twitter.com/EdParcaut)
- LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Need more information? Please visit https://www.edparcaut.com/ #RealEstatePodcast #MarketUpdate #HomeSales #MortgageRates #Refinance #PropertyTax #RealEstateInsights #EdParcaut #MikeKelly #RealEstateJerkyDaily**

🎧 Thanks for tuning in to Real Estate Jerky Daily! Make it a great day!