Daily Market Glance

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                            🏠 REAL ESTATE
                          
                        
                      
                    
                    
                      
                        
                          
                            
                              
                                30-Year Fixed
                                6.61%
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                15-Year Fixed
                                6.12%
                              
                            
                          
                        
                      
                    
                    
                      
                        
                          30-Year Holds At 6.61% For A Second Day; Tri-County New Listings Pull Back To 171; April Pending Signings Were The Third Monthly Gain In A Row
                          The 30-year fixed is at 6.61% today, flat with yesterday. The 15-year ticked down another 2 bps to 6.12%. The 30-year has now held under 6.65% for three consecutive sessions, the cleanest stretch of stability we have seen this month. The 10-year Treasury sits at 4.47%, off another 4 bps.
Local Tri-County board: 2,901 active (down 11 from yesterday). 171 new listings this morning (down 17 from 188). 252 closed sales in the rolling 7-day window (down 10). New listings are pulling back faster than active inventory, a normal Wednesday-after-Memorial-Day pattern.
National. Wells Fargo (WFC +1.47%) is now offering a 50 bps lender credit on mortgages for 3D-printed homes built by Icon. Banks used to avoid these properties over resale and insurance concerns; the price tag is dragging them back to the table. Separately, New Zealand home prices are now 20% below their 2021 pandemic peak with another 2% drop expected this year, a useful reminder that housing booms eventually run out of road.
📍 Alameda & Contra Costa Snapshot (05/27/26)
📍 Fremont: 13 new (down 3 from 16).
📍 Union City: 5 new (down 3 from 8).
📍 Newark: 3 new (down 2 from 5).
📍 Hayward: 14 new (down 1 from 15).
📍 Danville: 10 new (down 7 from 17, biggest single-city pullback).
📍 Milpitas: 2 new (flat).
📍 Oakland: 52 new (up 2 from 50, board leader continues).
📍 Livermore: 13 new (down 4 from 17).
📍 Castro Valley: 8 new (flat).
📍 Pleasanton: 8 new (up 3 from 5, biggest single-city add).
📍 San Ramon: 16 new (down 1 from 17).
📍 Dublin: 14 new (down 4 from 18).
📍 Sunol: 2 new (up 1 from 1).
📍 San Lorenzo: 4 new (up 2 from 2).
📍 San Leandro: 7 new (flat).
10 of 15 cities pulled back. Only Oakland, Pleasanton, Sunol, and San Lorenzo added. The board is consolidating, not racing.
For agents. Three flat-to-easing rate days in a row, closed sales running at 252 weekly, and contract signings up nationally three months running. Sellers waiting for further rate relief are sitting on a rate floor that is already two weeks old. Buyers running pre-approval math have their cleanest window of the month right now.
                        
                      
                    
                  
                
              

              
              
                 
              

              
              
                
                  
                    
                      
                        
                          
                            📈 STOCKS
                          
                        
                      
                    
                    
                      
                        
                          
                            
                              
                                S&P 500
                                ▲ 7,519 (+0.61%)
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                DOW
                                ▼ 50,461 (-0.23%)
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                NASDAQ
                                ▲ 26,656 (+1.19%)
                              
                            
                          
                        
                      
                    
                    Numbers as of market close on Tuesday, May 26th.
                    
                      
                        The S&P and NASDAQ both pushed higher Tuesday; the DOW slipped a fraction. The split came down to which sectors carried the tape: AI hardware drove the tech move, while industrial names dragged the average down.
Micron (MU +19.29%) crossed $1 trillion in market value for the first time, becoming the 13th most valuable public company in the world. The AI memory shortage is the story; Micron shares have more than tripled this year. The whole AI-infrastructure trade keeps eating market cap that used to belong to old-economy industrials.
Ferrari (RACE -5.26%) launched the Luce, its first all-electric car, and shareholders gave it a polite thumbs-down by knocking the stock down 8% intraday. The base model ships in Q4 at $640,000. Analysts worry that going electric will dilute the supercar mystique. Hard to know whether the Italians have built the wrong product or just announced it on the wrong day.
                      
                    
                  
                
              

              
              
                 
              

              
              
                
                  
                    
                      
                        
                          
                            💰 ECONOMY
                          
                        
                      
                    
                    
                      
                        
                          
                            
                              
                                US 10-Year
                                ▼ 4.47% (-0.04%)
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                Gold
                                ▼ $4,501 (-0.01%)
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                WTI Crude
                                ▼ $89.94 (-4.05%)
                              
                            
                          
                        
                      
                    
                    US 10-Year and Gold as of 4:00 PM ET Tuesday, May 26th. WTI Crude reflects today's intraday move via investing.com.
                    
                      
                        
                          
                        
                      
                    
                    
                      
                        The 10-year is at 4.47%, off another 4 bps from yesterday and now 17 bps below where it sat a week ago. The bond rally has legs.
WTI cracked. Crude sits at $89.94, down nearly $4 from yesterday's $93.74 close. The low of the day was $87.80, the deepest sub-$90 print since early May. The catalyst is global supply rerouting, not a demand collapse, and the chart below tells the cleanest version of that story.
Japan's oil imports from the Middle East fell 67% YoY in April, the lowest level since 1979. Total Japan oil imports dropped from roughly 2.8 million barrels per day in January to about 1.7 million now. The substitution flow is going to the U.S.: shipments to Japan are running four times last year's pace. Translation: when one of the world's largest oil buyers reroutes its supply chain away from the Strait of Hormuz, the price impact shows up in WTI, not Brent.
Gold held steady at $4,501 despite the dollar staging a small rebound. The NFCC's quarterly consumer stress reading hit 6.7 out of 10, up sharply from the post-pandemic low of 3.5 in 2021. Consumer spending is two-thirds of the economy, so when stress is this elevated, the bond market eventually agrees with what gold is already saying.
                      
                    
                  
                
              

              
              
                 
              

              
              
                
                  
                    
                      
                        
                          
                            ₿ CRYPTO
                          
                        
                      
                    
                    
                      
                        
                          
                            
                              
                                BTC
                                ▼ $75,622 (-0.30%)
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                ETH
                                ▼ $2,067 (-0.16%)
                              
                            
                          
                        
                        
                        
                          
                            
                              
                                XRP
                                ▼ $1.33 (-0.08%)
                              
                            
                          
                        
                      
                    
                    Numbers as of 4:00 PM ET on Tuesday, May 26th.
                    
                      
                        Crypto slipped slightly across the board: BTC down 0.30%, ETH down 0.16%, XRP down 0.08%. A quiet day, but two governance stories worth flagging.
The U.K. just sanctioned HTX, the crypto exchange suspected of channeling more than $1.5 billion back to the Kremlin. U.K.-registered crypto firms are now legally required to enforce these sanctions on their platforms, which adds compliance cost across every major exchange operating in Europe. Sanction enforcement is the new audit, and the audit is not optional.
Separately, Polymarket disputes are being decided by nine anonymous whale wallets. Sixty percent of those "third-party" voters are linked back to Polymarket trading accounts. Decentralized governance has always had this problem; this is just the first time the structure has been documented this cleanly.