"At a Glance" Local Housing STATS and News 06/10/26

30-Year Fixed: 6.68%  |  15-Year Fixed: 6.20%

The 30-year held at 6.68% and the 15-year at 6.20% — flat for a second straight day, tracking a 10-year Treasury that sat still at 4.53%. The day's cross-currents mostly canceled out: AI chip stocks sold off while Middle East tension nudged oil higher, but neither moved the bond market enough to budge mortgage rates. For the rate-watching buyer, “flat” has been the story two days running.

Local board: 2,855 active (down 31 from Tuesday), 201 new listings, 229 closed sales. The midweek slowdown landed on new supply — just 201 new came on, down sharply from Tuesday’s 252 — while 229 sales closed. For the first time this week, closings outran new listings, and that pulled the board lower. Fremont alone logged 47 of those closings.

National: Existing-home sales jumped 3.2% in May, the best month since December and well past forecasts. Most of those deals were signed back in April, when mortgage rates briefly dipped — proof that even a short window of cheaper money pulls buyers off the fence. Homes over $1 million sold 11% more than a year ago, and the median existing-home price hit $429,000.

Fremont & Milpitas

• Fremont: 17 new / 347 active (down 3)
• Milpitas: 6 new (flat)

I-880 Corridor

• Hayward: 15 new (down 4)
• Newark: 5 new (down 5)
• Union City: 7 new (down 4)
• San Leandro: 7 new (flat)
• San Lorenzo: 4 new (flat)

Tri-Valley

• Livermore: 8 new (down 9)
• San Ramon: 18 new (down 2)
• Dublin: 20 new (down 4)
• Pleasanton: 17 new (down 7)

Oakland & Contra Costa

• Oakland: 61 new / 757 active (volume leader)
• Danville: 10 new (down 8)
• Castro Valley: 5 new (flat)
• Sunol: 1 new (up 1)

S&P 500: 7,386  |  DOW: 50,872  |  NASDAQ: 25,678

Tuesday belonged to the chipmakers — and not in a good way. AI chip stocks sold off hard, dragging the NASDAQ down 0.97% to its weakest session in weeks, while the S&P 500 slipped 0.26% and the DOW eked out a 0.17% gain. The selling traced back to a soft Broadcom (AVGO -1.12%) report that spread to Micron (MU -1.41%) and AMD (AMD -3.02%), and it didn’t help that Taiwan signaled it may restrict some chip exports to China.

There was drama off Earth, too. SpaceX is set to launch its IPO this Friday, but the rest of the space sector fell back down — Planet Labs (PL -4.80%), Rocket Lab (RKLB -4.77%), and Intuitive Machines (LUNR -7.62%) all dropped. And Rivian (RIVN -6.59%) unveiled its R2 SUV, a ~$45,000 model it says will finally turn a profit on each sale — a tall order given it lost roughly $6,000 per vehicle last quarter.

US 10-Year: 4.53%  |  Gold: $4,204  |  Brent Crude: $92.26

The retirement math got worse: Social Security’s trust fund is now projected to run dry in late 2032 — three months sooner than last year’s estimate. If Congress does nothing, the program could pay just 78% of promised benefits, roughly $500 a month less for the average retiree. That matters locally because Social Security is the main income source for 43% of seniors — a big driver of when and where people downsize.

The labor market is also shifting under AI: tech just logged its worst month for job cuts since 2024, with AI behind 40% of May’s layoffs. Companies cut 97,000+ jobs in May, even as the broader economy still added 172,000. Gold fell 1.9% to $4,204, while Brent crude firmed to $92.26 after President Trump floated an Iran deal — only for Iran to down a helicopter over the Strait of Hormuz hours later.

BTC: $61,270  |  ETH: $1,624  |  XRP: $1.12

Crypto drifted lower alongside risk assets, with Bitcoin easing to $61,270 (-0.68%). The bigger story is adoption — a new study found about 20% of Americans have now used crypto at least once, and the politics are flipping: Republicans (22%) now use it more than Democrats (17%). On the product side, Circle (CRCL +1.73%) launched cirBTC, a Bitcoin-backed coin on Ethereum that lets idle Bitcoin be put to work in crypto apps — a market Coinbase (COIN -4.08%) is chasing too.

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.