On this episode of "Real Estate Jerky Daily," hosts Mike Kelly and Ed Parcaut dive into the latest job market updates and its impact on the real estate market. The episode kicks off with an introduction and a discussion about the Jolts report, which looks at job openings and labor turnover. The report reveals an increase in job openings, signaling the creation of more jobs in the economy. However, this news has caused some turbulence in the bond market, leading to a rise in interest rates. The hosts address concerns about rising rates and compare the current market to the 2008 financial crisis, emphasizing that the real estate market dynamics are different this time around. They highlight the low inventory levels, with significantly fewer properties available for sale compared to previous years. This scarcity in the housing market has contributed to the increase in home prices and makes finding affordable housing a challenge for many. Throughout the episode, Mike and Ed discuss upcoming reports, such as the ADP unemployment report, mortgage applications, and the Bureau of Labor Statistics job report, and emphasize the importance of these reports in determining the direction of the economy and interest rates. They also provide insights into potential future scenarios, such as rates reaching 8% or higher, and the impact of a recession on interest rates. The hosts touch on the fact that despite the affordability challenges for most of the population, there is still a segment of the market that can take advantage of the current conditions and secure favorable deals. They urge listeners to consider their options and make informed decisions based on their own financial situations and the potential risks associated with rising rates. Overall, this episode of "Real Estate Jerky Daily" offers a comprehensive analysis of the current job market and its effects on the real estate landscape. Listeners gain valuable insights into how market trends and economic indicators can impact interest rates, housing inventory, and affordability. www.edparcaut.com #RealEstateJerkyDaily #MarketUpdateTuesday #JobsWeek #JoltsReport #BureauOfLaborStatistics #JobOpenings #BondMarket #MortgageRates #InventoryShortage #HousingMarketTrends #EconomicOutlook #JobMarket #Affordability #BuyersMarket #SellersMarket #InterestRates #HousingInventory #HomeOwnership #FinancialAdvice #EconomicIndicators #PropertyMarketUpdates