"At a Glance" Local Housing STATS and News 06/17/26

30-Year Fixed: 6.54%  |  15-Year Fixed: 6.11%

The 30-year eased to 6.54% and the 15-year to 6.11% — a touch lower than last week. All eyes are on the Federal Reserve’s rate decision this afternoon; the 10-year Treasury is holding near 4.47% into the announcement, so a buyer waiting for a dramatic drop may be waiting on the Fed’s tone rather than a big move today.

Local board: 2,858 active (down 24 from yesterday), 237 new listings, 210 closed sales. New supply eased modestly midweek while buyers kept closing at a steady pace.

National: the supply pipeline is the worry. Builders broke ground on 40% fewer apartment buildings in May than the month before, and permits for new single-family homes slipped month over month. With higher prices pressuring both buyers and renters, fewer sales and lease signings are pushing builders to pause projects — which only deepens the long-run shortage that keeps that crucial first rung out of reach for many.

Fremont & Milpitas

• Fremont: 24 new / 356 active (up 1)
• Milpitas: 2 new (flat)

I-880 Corridor

• Hayward: 9 new / 262 active (down 7)
• Newark: 9 new (up 4)
• Union City: 9 new (flat)
• San Leandro: 7 new (down 1)
• San Lorenzo: 1 new (flat)

Tri-Valley

• Dublin: 27 new (up 3)
• Livermore: 26 new (up 1)
• San Ramon: 22 new (down 2)
• Pleasanton: 10 new (down 1)

Oakland & Contra Costa

• Oakland: 65 new / 754 active (volume leader)
• Danville: 17 new (down 2)
• Castro Valley: 9 new (up 4)
• Sunol: 0 new (flat)

S&P 500: 7,511  |  DOW: 51,999  |  NASDAQ: 26,376

The big theme is AI spending. Microsoft (MSFT -1.48%) is reportedly in talks to rent about $3 billion of computing power from rival Oracle (ORCL -2.24%) — a cloud giant renting cloud — because AI is eating up capacity faster than it can build, and Microsoft says it will stay short on capacity into mid-2026. The hyperscalers are pouring record sums into data centers and chips, as the chart below shows.

Chips are the bottleneck: Nvidia (NVDA -2.37%) CEO Jensen Huang asked Korea’s SK Hynix to make more memory at Taiwan’s biggest tech show, while Micron (MU -6.18%) — up more than 250% this year — gave back some of its run. Dealmaking stayed hot: SpaceX (SPCX +4.83%), fresh off the biggest IPO in history, said it will buy AI coding startup Cursor for $60 billion, and GM (GM -1.86%) struck a munitions-manufacturing deal with Lockheed Martin (LMT +1.05%).

US 10-Year: 4.47%  |  Gold: $4,352  |  Silver: $70.42  |  Brent Crude: $79.45

Rates and metals were steady-to-firm ahead of the Fed. The 10-year held near 4.47%, gold edged up to $4,352 (+0.47%) and silver firmed to $70.42 (+0.57%) — silver is still one of 2026’s standout performers, up roughly 100% year-to-date. Brent crude sits around $79–80, down nearly 29% over the past month: the U.S. and Iran reached a framework to end their war that could put Iranian oil back on the market and reopen the Strait of Hormuz, with a deal possibly signed as early as Friday.

Beyond rates, the AI build-out is reshaping where capital flows. The hyperscalers’ $145–200 billion each in AI and data-center spending is now a macro force of its own — driving demand for power, chips, and the industrial real estate to house it — even as the Fed weighs whether the broader economy needs cheaper money.

BTC: $64,625  |  ETH: $1,764  |  XRP: $1.19

Crypto pulled back across the board, with Bitcoin down 1.51% to $64,625 and the majors lower alongside it. The structural story is convergence: Coinbase (COIN -0.21%) is launching tokenized U.S. stocks — backed one-for-one by real shares, paying dividends automatically, with 24/7 trading — though it starts outside the U.S. while regulators catch up. Overseas, Binance is preparing to exit the European Union after Greece signaled it may cancel the platform’s license.

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.