"At a Glance" Local Housing STATS and News 08/03/26

30-Year Fixed: 6.83% ● 0.00%  |  15-Year Fixed: 6.32% ● 0.00%

Rates went nowhere, and that is the good news. The daily 30-year fixed held at 6.83% and the 15-year at 6.32%, parked about two basis points under the 52-week high. After last week’s climb, flat counts as a win.

Foreclosures are up, and the headline needs context. Filings rose 21% in the first half of 2026 to 227,548 properties, the highest first half since 2019, and foreclosure starts climbed 18%. Economists point to household financial stress rather than anything structural.

The number only means something next to its history. That 227,548 is roughly 14% of the 1.65 million filings in the first half of 2010. We are not near a repeat of 2008. We are climbing back toward normal from an artificially frozen floor of 65,082 in 2021, when moratoriums were in place. The average foreclosure timeline also fell to 563 days, the shortest since 2013.

AI construction is creating a housing niche. Data center crews need somewhere to live fast, and factory-built housing is filling the gap. Cavco’s orders are booming on that demand, though its shares slid about 5% Friday after missing earnings. The catch is that these crews are large during construction and small once the building opens.

Why a REALTOR® cares: if a client asks whether rising foreclosures mean a crash is coming, the chart is the answer. Filings are up from a historic low, not down from a peak. And a 563-day timeline still gives a distressed seller well over a year to work a solution.

Today’s live board across our five focus cities shows 713 homes a buyer can actually pursue right now, including 53 brand new listings and 102 more coming soon. The full, always-updating ledger lives at harvrealtor.net/live-inventory.

Today’s Live Inventory (buyable now)

• Fremont: 282 available (210 active, 25 new, 45 coming soon)
• Hayward: 197 available (164 active, 15 new, 17 coming soon)
• Milpitas: 101 available (76 active, 4 new, 21 coming soon)
• Newark: 84 available (64 active, 5 new, 14 coming soon)
• Union City: 49 available (40 active, 4 new, 5 coming soon)

Median asking prices are holding: Fremont at $1,230,000 with a median 26 days on market, Union City at $1,298,444, Newark at $1,193,000, Milpitas at $1,161,500, and Hayward at $849,500. Board-wide the 15-city table carries 2,691 listings, down 55 from Friday.

S&P 500: 7,489 ▲ 0.70%  |  DOW: 52,485 ▲ 0.53%  |  NASDAQ: 25,373 ▲ 1.00%

Wall Street closed out July on a green note. A quiet, broad advance rather than a headline-grabbing one, with the NASDAQ leading at 1.00%.

Texas got its own exchange. The TXSE opened for business, the first major stock trading venue to launch in the United States in decades, backed by BlackRock, Goldman Sachs, and Citadel Securities. The nickname writes itself: Y’all Street. Keep the scale in perspective, though, because the TXSE is valued around $275 million against roughly $44 trillion for the NYSE.

Traders are piling on against SpaceX. The stock fell 3.41% Friday, and about 34% of all shares outstanding have now been sold short, an unusually aggressive bet against a company that went public less than two months ago. The trigger is a share unlock arriving just after its first earnings report, when up to 911.5 million shares become free to sell.

After debuting at $160.95 and spiking to $211.39 four days later, SPCX now trades below its $135 IPO price. Separately, GM is putting its own AI assistant into millions of vehicles this year, going beyond the Google Gemini integration it already added to newer models, and it does so off its 16th consecutive earnings beat.

US 10-Year: 4.75% ▲ 0.07%  |  Gold: $4,051 ▲ 0.32%  |  Silver: $57.94 ▼ 0.85%  |  Brent: $83.73 ▼ 4.77%

The 10-Year keeps climbing. Treasury put the 10-year yield at 4.75% at Friday’s close, up 7 basis points from Thursday. That is the number that actually sets mortgage pricing, and it is why rates are sitting just under their 52-week high rather than easing.

Oil dropped hard, and gas barely noticed. Brent fell 4.77% to $83.73 a barrel, a genuinely large one-day move, yet Exxon and Chevron both warn pump prices will stay high. The reason is refining, not crude: roughly 5 million barrels of daily refining capacity is offline because of the Russia and Ukraine and the U.S. and Iran conflicts. Cheap oil does not help anyone if there is nowhere to refine it.

Metals split, with gold ticking up to $4,051 an ounce while silver slipped to $57.94. Meanwhile Treasury Secretary Scott Bessent argues the economy is stronger than the 1.5% second-quarter GDP print suggests, pinning the slowdown on China’s moves in rare earths and AI. Read that against a rising yield and you get the tension in one line: officials talking the economy up while the bond market prices in something costlier.

BTC: $63,693 ▲ 0.97%  |  ETH: $1,863 ▲ 0.34%  |  XRP: $1.08 ▲ 0.18%

A quiet, slightly green morning across the majors, with no fireworks. Two stories worth knowing: an unlicensed exchange in Dubai moved at least $4 billion for gambling networks tied to Iran, a useful illustration of why regulated venues keep gaining ground with ordinary investors. And Tether added 14 tons of gold this spring to reach 146 tons total, buying even as gold came off its highs, because the metal backs its tokens and cushions the business when crypto activity slows.

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.