Welcome to another episode of Market Update Wednesday on the "Ed Parcaut" show! In today's dynamic discussion, real estate gurus Ed Parcaut and Mike Kelly dive deep into the latest market trends affecting the economy, specifically focusing on inflation and the real estate landscape. Ed kicks things off with a playful nod to a classic film quote, quickly fixates on his coffee intake for the day, and then shifts over to highlight the exclusive Operation Firewalk lighter—a nod to both the historical and the current as they promote this fiery, motivational event and encourage veteran participation. As we explore the nuances of the Consumer Price Index and its 18-month lag in reflecting rental price increases, Ed voices his skepticism on economic reports and the ongoing challenges the current administration faces with inflation. Our hosts also tackle mortgage application data, purchase rates, and refinances, clearly outlining what those numbers mean for you, whether you're looking to buy or refinance in a shifting market. Stay tuned as Mike provides valuable insights into local real estate trends, focusing on inventory and listing statuses, while adding real-time commentary on the state of the market. As rain threatens to dampen a weekend event, the duo remains hopeful, aptly tying in the weather with market condition metaphors. Whether you're in real estate, finance, or are a veteran interested in personal development opportunities, grab your coffee, and get ready for an episode filled with practical advice, market intel, and a bit of banter—this is the Ed Parcaut show! Follow Ed on all social media outlets @EdParcaut Need more information? Please visit https://www.edparcaut.com #EdParcaut #MikeKelly #MarketUpdate #RealEstateTips #VeteranSupport #HomeOwnership #FinancialInsights #InvestmentStrategies #EdParcaut #MikeKelly #PodcastLife #RealEstateInvesting #Homebuying #MortgageRates