"At a Glance" Local Housing STATS and News 07/13/26

30-Year Fixed: 6.64%  |  15-Year Fixed: 6.19%

The 30-year fixed held at 6.64% and the 15-year at 6.19%, essentially flat on the week. Rates in this range keep the lock-in effect firmly in place, so most owners stay put and resale supply stays tight.

National: Congress passed a bill that would bar large investors from buying up single-family homes, a direct swipe at the Wall Street landlords that have scooped up starter homes in recent years. President Trump has not signed it, but if he neither signs nor vetoes within 10 days of passage, it becomes law automatically. For first-time buyers, less competition from deep-pocketed funds could be a small tailwind. The national median existing-home price is holding at a record $440,600.

Local board: 2,814 active (up from 2,811), 280 new listings, 179 closed sales. Oakland led the board by a wide margin with 72 new on 726 active; Fremont added 32 new on 335 active.

Fremont & Milpitas

• Fremont: 32 new / 335 active
• Milpitas: 6 new / 123 active

I-880 Corridor

• Hayward: 23 new / 266 active
• Newark: 11 new / 117 active
• San Leandro: 12 new / 90 active
• Union City: 7 new / 77 active
• San Lorenzo: 0 new / 18 active

Tri-Valley

• Livermore: 26 new / 218 active
• Dublin: 18 new / 202 active
• Pleasanton: 18 new / 158 active
• San Ramon: 10 new / 193 active

Oakland & Contra Costa

• Oakland: 72 new / 726 active (volume leader)
• Danville: 33 new / 188 active
• Castro Valley: 11 new / 93 active
• Sunol: 1 new / 10 active

S&P 500: 7,575 ▲ 0.42%  |  DOW: 52,637 ▲ 0.29%  |  NASDAQ: 26,281 ▲ 0.29%

Stocks edged higher to start the week, with all three major indexes in the green. The standout was a chip debut: South Korea's SK Hynix (SKHYV +12.76%) began trading on the Nasdaq on Friday and raised about $25 billion. It is one of the world's largest makers of AI memory chips, the kind that feed Nvidia's (NVDA +4.03%) processors, and demand has been running hot.

The flip side of the AI boom showed up at Amazon (AMZN -0.69%), which announced it is cutting 30,000 jobs, the deepest layoffs in company history, as it restructures around automation. Roughly 40% of companies cited AI as their top reason for layoffs back in May. Up next is earnings season, with JPMorgan, Bank of America, and Goldman Sachs all reporting tomorrow.

US 10-Year: 4.57% ▬ 0.00%  |  Gold: $4,064 ▼ 1.2%  |  Silver: $58.85 ▼ 1.67%  |  Brent: $78.54 ▲ 3.33%

The job market is quietly thinning out. About 720,000 people stopped looking for work in June, enough to pull the headline unemployment rate lower, not because more people found jobs, but because more people left the search entirely. That dragged the labor force participation rate down to 61.5%, near a multi-year low. A shrinking labor force is usually a sign of caution, not confidence.

In the markets, the 10-year Treasury held at 4.57%. Gold slipped about 1.2% to $4,064 and silver fell 1.67% to $58.85, both pressured as fresh U.S. strikes on Iran drove oil higher and revived worries that the Fed may have to keep rates high to fight inflation. Brent crude jumped 3.33% to $78.54 after the Strait of Hormuz, which carries roughly a fifth of the world's daily oil, was closed again.

BTC: $63,004 ▼ 1.15%  |  ETH: $1,782 ▼ 1.32%  |  XRP: $1.08 ▼ 0.61%

Crypto drifted lower across the board, with Bitcoin off 1.15% to $63,004, Ether down 1.32% to $1,782, and XRP slipping 0.61% to $1.08. The bigger news was on the plumbing side: Circle (CRCL +4.97%), the company behind the USDC stablecoin, won federal approval to launch a crypto-focused trust bank, letting it hold digital assets for banks and large institutions under last year's GENIUS Act. The AI-trading trend is spreading too, with Kraken planning to add more AI tools to its app.

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.