"At a Glance" Local Housing STATS and News 06/05/26

30-Year Fixed: 6.58%  |  15-Year Fixed: 6.11%

The 30-year eased to 6.58% and the 15-year to 6.11% — a few basis points lower after ticking up earlier in the week. The move is a little surprising given the backdrop: consumer sentiment just hit a record low and the prices businesses pay for services jumped to a three-year high. But the 10-year Treasury held steady at 4.47%, so mortgage rates drifted sideways-to-lower rather than chasing the inflation headlines. The buyer waiting for a dramatic drop is still waiting.

Local board: 2,935 active (up 34 from Thursday), 229 new listings, 200 closed sales. The inventory build continued and even sped up a touch — new supply rose while closings cooled, so noticeably more homes are coming on than are clearing.

National: The world is betting on America’s housing shortage. Japan’s largest homebuilders are buying their way in — Sekisui House paid $4.9 billion for MDC Holdings (parent of Richmond American Homes), Sumitomo Forestry closed a $4.5 billion deal for Tri Pointe Homes, and Daiwa House already owns Stanley Martin. Add Berkshire Hathaway’s long-standing housing bets, and the message is that deep-pocketed money sees years of undersupply ahead.

Fremont & Milpitas

• Fremont: 25 new / 366 active (flat)
• Milpitas: 3 new (up 1)

I-880 Corridor

• Hayward: 23 new (up 2)
• Newark: 7 new (flat)
• Union City: 8 new (up 1)
• San Leandro: 7 new (flat)
• San Lorenzo: 5 new (up 3)

Tri-Valley

• Livermore: 17 new (down 2)
• San Ramon: 20 new (flat)
• Dublin: 25 new (up 6)
• Pleasanton: 16 new (up 3)

Oakland & Contra Costa

• Oakland: 49 new / 777 active (volume leader)
• Danville: 18 new (down 1)
• Castro Valley: 6 new (up 1)
• Sunol: 0 new (flat)

S&P 500: 7,584  |  DOW: 51,562  |  NASDAQ: 26,831

Earnings season served up a familiar lesson: a strong report isn’t always enough. Five Below (FIVE -13.78%) beat estimates and raised its outlook, yet shares dropped nearly 14% — after a long run-up, investors had already priced in good news and wanted more. CrowdStrike (CRWD -3.81%) beat on recurring revenue, lifted guidance, and announced a stock split, but still slipped. A split simply divides each share into more, lower-priced shares — like swapping a $20 bill for two $10s — so it changes nothing about what the company is worth.

Underneath the index moves, the AI build-out kept widening. Foxconn and Intel (INTC -0.83%) are teaming up to build the server racks that house AI chips — the boxes those chips live in — supplying hyperscalers like Amazon (AMZN +1.51%), Microsoft (MSFT -0.17%), and Google (GOOG +3.82%). The DOW led the day at +1.73%, while the tech-heavy NASDAQ slipped a hair.

US 10-Year: 4.47%  |  Gold: $4,496  |  Brent Crude: $94.94

The growth-versus-inflation tug-of-war got sharper. The U.S. services sector — the economy’s largest — sped up in May, but the prices businesses paid jumped to their highest level since August 2022, and hiring fell for a third straight month. Growth is holding, in other words, but inflation is steadily eating into it.

Households are feeling it. The University of Michigan’s consumer-sentiment index sank to 44.8, the lowest reading on record, with more than half of Americans saying high prices are eroding their finances — climbing gas prices chief among them. Overseas, Japan has spent roughly $74 billion defending a yen still pinned near 160 to the dollar, and may finally resort to rate hikes toward levels unseen since 1995. The 10-year held at 4.47% and gold eased to $4,496.

BTC: $63,210  |  ETH: $1,752  |  XRP: $1.15

Crypto drifted lower across the board, with Bitcoin off 0.9% to $63,210 and Ether ($1,752) and XRP ($1.15) sliding alongside it. Ether has now fallen more than 20% since one strategist called a “crypto spring” in early May, leaving crypto-heavy Bitmine Immersion (BMNR) sitting on an $8.9 billion paper loss. On the policy side, JPMorgan (JPM +3.34%) warns Congress is running short on time to pass the CLARITY Act, the bill meant to set clearer U.S. crypto rules, with midterm season threatening more delay.

Disclaimer: The market data, rates, and information provided are for informational purposes only and should not be considered financial advice. Always verify rates and data with your lender or financial advisor before making any decisions.