"At a Glance" Local Housing STATS and News 07/06/26

30-Year Fixed: 6.60%  |  15-Year Fixed: 6.17%

The 30-year fixed eased to 6.60% and the 15-year to 6.17%. A small step down, but rates in this range keep the lock-in effect firmly in place, so owners stay put and resale supply stays tight.

National: Manhattan's luxury market is shrugging off a new tax on second homes, with luxury inventory down about 40% from last year to its lowest since 2004 as wealthy cash buyers keep scooping up what is left. Longer term, the Mortgage Bankers Association says the housing shortage could flip to a surplus by 2035 as slower population growth cools demand, which would mean more choices and softer prices down the road.

Local board: 2,748 active (down 46 from Friday), 95 new listings over the holiday weekend, 216 closed sales. Oakland again led with 21 new on 725 active; Fremont added 10 new on 330 active.

Fremont & Milpitas

• Fremont: 10 new / 330 active
• Milpitas: 1 new / 110 active

I-880 Corridor

• Hayward: 13 new / 262 active
• Newark: 4 new / 117 active
• San Leandro: 3 new / 85 active
• Union City: 4 new / 79 active
• San Lorenzo: 1 new / 20 active

Tri-Valley

• San Ramon: 5 new / 201 active
• Livermore: 10 new / 203 active
• Dublin: 5 new / 188 active
• Pleasanton: 6 new / 151 active

Oakland & Contra Costa

• Oakland: 21 new / 725 active (volume leader)
• Danville: 7 new / 180 active
• Castro Valley: 4 new / 89 active
• Sunol: 1 new / 8 active

S&P 500: 7,483 0.00%  |  DOW: 52,900 ▲ 1.14%  |  NASDAQ: 25,832 ▼ 0.80%

Stocks are back after the long weekend, and the Dow is starting it at a record. It closed last week at an all-time high and sits at 52,900, up 10.06% on the year (see chart). The S&P 500 held flat at 7,483 while the NASDAQ eased 0.80% to 25,832. Not everyone is sticking around: investors pulled $17.2 billion out of U.S. stock funds last week, the fastest pace in months. The AI trade wobbled too, as Meta (META -4.90%) admitted its AI progress has been slower than expected even while planning to spend $135 billion on AI this year.

US 10-Year: 4.48% ▲ 0.01%  |  Gold: $4,187 ▲ 1.49%  |  Silver: $62.75 ▲ 2.77%  |  Brent: $72.12 0.00%

Metals kept climbing. Gold rose about 1.49% to $4,187 and silver jumped 2.77% to $62.75 after a soft June jobs report cooled the odds of a Fed hike, while the 10-year Treasury yield held at 4.48% and Brent crude was flat at $72.12.

The tax story of the week is Ireland, which pulled in about $16.8 billion in corporate taxes in the first half of this year, with three U.S. companies paying nearly half of it. Ireland's 12.5% corporate rate is roughly half the OECD average of 24.2% and well below the U.S. 25.6% (see chart).

BTC: $62,880 ▼ 0.33%  |  ETH: $1,779 ▲ 0.01%  |  XRP: $1.14 ▼ 1.32%

Crypto is finding its footing again. Bitcoin held at $62,880, Ether ticked up to $1,779, and XRP eased to $1.14. After a rough stretch, last week snapped a 10-day losing streak, with $221.7 million flowing in on Thursday alone as the weak jobs report and easing inflation worries sent investors back toward riskier bets. In mining, CleanSpark (CLSK -7.34%) is converting some of its Bitcoin mining into AI data centers after a rough quarter.

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.