Welcome back to another episode of Real Estate Jerky Daily with your hosts Ed Parcaut and Mike Kelly! In today's Market Update Thursday Edition, we dive into the latest real estate and economic news that impacts you directly.
**In This Episode:**
- **California High-Speed Rail:** Mike uncovers a new $54 million money moving scheme involving the Amtrak station in Madeira.
- **Economic Insights:** Discussion on 2nd quarter GDP final read at 3%, durable goods orders, and initial jobless claims.
- **Pending Home Sales:** What the increase in August means and the ongoing trend.
- **Future Predictions:** What to expect from the personal consumption expenditure (PCE) report and its impact on interest rates.
- **Real Estate Market Trends:** How current mortgage rate fluctuations are influencing buyer and seller decisions.
- **Broker vs. Lender:** Ed explains why staying with a broker might save you $10,000 per transaction.

**Chapters:**
0:00 - Introduction
1:05 - California High-Speed Rail Update
2:20 - Insider Trading Allegations
3:30 - 2nd Quarter GDP Insights
5:40 - Durable Goods Order Breakdown
7:00 - Jobless Claims Report
9:10 - Pending Home Sales Analysis
11:00 - Tomorrow’s PCE Report Predictions
12:20 - Mortgage Rate Trends and Advice
14:35 - Why Choosing a Broker Saves Money
16:00 - Personal Announcements & Wrap-Up
Tune in next Thursday for another market update! Have any questions or topics you want us to cover? Drop a comment below! 📅 **Subscribe and Follow Us:**
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- LinkedIn: [Ed Parcaut](https://www.linkedin.com/in/edparcaut) Need more information? Please visit https://www.edparcaut.com/ Stay tuned till the end as we also touch on some lighter topics and personal milestones.
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