Harv Balu's blog

At 11 AM today the Federal Reserve raised rates for the first time since July 2023, a quarter point to 3.75% to 4.00% on a 12 to 0 vote. The odds we printed in our daily report all week said it was coming, and the bond market had already moved. So the useful question is not what happened. It is what actually changes for a buyer or seller in Fremont, Union City, Newark, Milpitas, Hayward or San Jose this fall.

My full write-up on HarvRealtor.net is built around seven charts you can tap, not a wall of text, with the local math in real dollars:

• What the Fed did and what it...

The Union City housing market just posted its August 2026 numbers, and the short version is this: it is still firmly a seller's market, but the headline price hides what actually happened. Here is where things stand for single family homes.

• Median sold price: $1,450,000, up 10.5% from last month.
• But price per square foot fell 5.8% to $729, so the higher median reflects larger homes trading, not a citywide repricing.
• Days on market: a median of 12 days, faster than last month.
• Sold to list: 100.7% of list price, still over ask but down from 102.1% in June.
• Supply: 1.71...