"Just Thinking"

“Just Thinking"



I had my topic picked out and had been holding onto it for a couple of weeks, an article I came across in SFGate back in May. I’ve been keeping it in my back pocket, like a bullet in the chamber, ready to fire at the right moment. But before I get into that, there were several impactful events that took place during the first week of June throughout history. I’ll share a few of them and you can decide if they resonate with you as much as they do with me.


June 2, 1935 — Babe Ruth retires from baseball, marking the end of one of the most transformative careers in the history of the game. Yet even as he stepped away, his influence continued to shape generations of the ball players who followed. The first time I remember hearing about Babe Ruth was in the 5th grade, I was a little late to the Babe’s story, but still not as late as Smalls. We had a weeknight game at Balboa Field, one of those cold, foggy evenings in SF. A coworker of my dad’s came out to watch us play. Later that night, the phone rang, the only phone in the house,  I answered it. My dad’s friend was on the line and asked, “Is this George Herman Ruth?” I had no idea what he was talking about and said, “Who?” He said, “That’s Babe Ruth’s real name.” I just said, “Oh,” I had to get filled in by dad later. What I did know was that Ruth had 60 home runs in a season, Roger Maris passed him when he hit 61, with an asterisk. He also finished his career with 714 home runs, a record until Hank Aaron passed him in 1974.


June 5, 1968 — Robert F. Kennedy was fatally shot shortly after delivering a victory speech in Los Angeles following his win in the California Democratic presidential primary. It was a profoundly tragic following the loss of his brother, President John F. Kennedy, just a few years earlier, and came only weeks after the killing of Dr. Martin Luther King Jr. As a young boy, I remember hearing that Rosie Grier, one of the Los Angeles Rams’ famed “Fearsome Foursome” was there that night, serving as a bodyguard for RFK and helped subdue the gunman.


June 6, 1944 — D-Day: Allied forces storm the beaches of Normandy in one of the most pivotal events of World War II. This day remains deeply impactful for all of us, as it reflects the extraordinary bravery and sacrifice of thousands of young soldiers who risked and often gave their lives for freedom. Their courage marked a turning point in the war, shifting momentum in favor of the Allied forces and ultimately leading to the liberation of Western Europe. It is a legacy of valor and sacrifice that must never be forgotten.


June 9, 1973 — Secretariat wins the Belmont Stakes, becoming the first horse since Citation in 1948 to capture America’s coveted Triple Crown. Secretariat accomplished this feat in breathtaking fashion. Ridden by Ron Turcotte, he finished the 1.5-mile race in 2 minutes and 24 seconds, a dirt-track record for that distance that shattered the previous mark set by Gallant Man in 1957 by nearly three seconds, a record that still stands 50 plus years later. What is even more astonishing is that he won by an incredible 31 lengths.


Here’s the story I was holding onto. About 50 years ago, there was a remarkable piece of artwork called Running Fence, a 24-mile installation by artists Christo and Jeanne-Claude that stretched across Sonoma and Marin counties, weaving over rolling hills before finally dropping into the Pacific Ocean. It wasn’t really a fence at all, but more like a massive curtain, 18-foot-high panels of white nylon suspended between 2,050 steel poles. It looked like a long, flowing ribbon draped across the landscape, gently billowing in the coastal wind.


A funny thing about it is that I remember seeing it firsthand before I had any idea what it was. We were driving up to Clear Lake, probably a Memorial Day weekend trip in the old Country Squire when we suddenly passed right under these huge white sheets spanning Highway 101 outside Petaluma. We all looked at each other like, what in the heck is that? This was long before the internet or smartphones, so it took a few days before we finally learned what we had seen.


The installation itself stood for only two weeks, but it was the result of a four-year effort. The artist navigated a maze of permits, community meetings, and negotiations with local ranchers, all while facing strong opposition. The project required a 265-page environmental impact report, a workforce of 300 people, and more than $2 million to complete. Along the way, the artists even dealt with vandalism and a bomb threat from frustrated locals. So now you know.


Let me know what you think.

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This Weeks Top Story

Existing-Home Sales Hit Highest Level Since December

NAR's May 2026 Existing-Home Sales report is out. Here's what the numbers show and how to use them with clients this week.

 

Existing-home sales just hit their highest level since December, up 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million. 

 

Prices reached a record high for May even as affordability improved across every region.

 

Here’s what NAR’s May 2026 Existing-Home Sales report shows and how to use it with clients this week.

 

What the Numbers Show

 

Existing-home sales rose 3.2% from both last month and a year ago, landing at a seasonally adjusted annual rate of 4.17 million in May. That’s the highest sales pace since December, with momentum showing up in three of four regions month-over-month and year-over-year.

 

The national numbers:

 

  • $429,300 median price, up 1.3% YoY, a record high for May
  • 35th consecutive month of year-over-year price increases
  • 1.55 million units of inventory, up 3.3% from April, 4.5-month supply
  • Housing Affordability Index at 105.6, up from 97.5 a year ago
  • 6.44% average 30-year fixed rate, down from 6.82% a year ago
  • 35% of sales to first-time buyers, up from 30% a year ago
  • 1% distressed sales, down from 3% a year ago

 

Even with rates ticking up slightly from April, they’re still running nearly 40 basis points below where they were a year ago, and income gains are outpacing home price growth in most of the country. 

 

That combination pushed the Affordability Index up more than eight points year-over-year First-time buyer share climbing to 35% is a direct reflection of that: when affordability improves, buyers who’ve been sitting out start shopping around.


Distressed sales sitting at just 1% is worth flagging for any client who’s been asking whether a wave of foreclosures is coming. The numbers say no. 

 

What to Watch

 

Not every corner of this report is pointing in the same direction, and those nuances are worth knowing before you walk into a conversation.

 

The regional splits:

 

  • Northeast: sales down 8.0% YoY despite a 4.2% price increase; median price $534,900
  • Midwest: sales up 6.4% MoM and 2.0% YoY; median price $336,300
  • South: sales up 3.2% MoM and 5.9% YoY; median price $373,100
  • West: sales flat MoM, up 5.6% YoY; the only region where prices dipped YoY, down 0.7% to $625,900

 

Other signals to track:

 

  • Median days on market: 29 days, down from 32 last month but up from 27 a year ago
  • Investor and second-home buyer share at 14%, down from 17% a year ago
  • Cash sales at 25%, down from 27% a year ago

 

The West is the one region where the price story flipped. Sales are up year-over-year, but the median price slipped 0.7%, the only regional decline in the report. 

 

Finish - The Full Story


Housing Market

June 10, 2026

Sarah Lentz

Properties For Sale

Real Estate News Sites


Previous Newsletters

June 5th

Cash Purchases Are at Their Lowest Share Since 2020

https://conta.cc/4ers37R

May 29th

Middle-Income Households Can Afford Just 23% of Listings Today

https://conta.cc/4vb4rKi

May 22nd

The Median Down Payment Dropped 19% in One Year

https://conta.cc/4f2kUvM

May 15th

What Today’s Youngest Homebuyers Want From Agents

https://conta.cc/4nxurNv

May 8th

Data Shows that 55% Of Sellers and 42% of Buyers are Boomers

https://conta.cc/4wjoR57

May 1st

NAR Revises 2026 Forecast as Rising Rates & Inflation...

https://conta.cc/4n4VTSs

April 24th

What the Latest Data Reveals About the Home Seller Mindset

https://conta.cc/3OWWbhC

April 17th

First-Time Buyers Fall to 21% of the Market, the Lowest Share...

https://conta.cc/4cwEgpI

April 10th

1 in 3 Homeowners Say Nothing Will Entice Them to Give Up...

https://conta.cc/48l6qTm

April 3rd

Older empty nesters still own about 1 in 4 large homes

https://conta.cc/4dmSED9

March 27th

A Record 46.3% Seller Gap Is Giving Buyers More Power to...

https://conta.cc/4uVuzts

March 20th

61% of Agents Expect More Home Sales in 2026

https://conta.cc/3NtXHHq

March 13th

The $119K Wealth Gap Between Early and Late Homebuyers

https://conta.cc/4rwmeJP

March 6th

Senate Pushes Forward Major Housing Bill with Institutional...

https://conta.cc/4liio5x

February 27th

Four Years Into Higher Rates, the Housing Market Has New Rules

https://conta.cc/4tVFYJn

February 20th

U.S. Housing Now the Most Unaffordable in History?

https://conta.cc/3MUVnc1

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The road is frighteningly long if all you see is the end.

So, make reaching the end of the road your goal.

Step forward every day with a clear vision of the end.

Step after step, day after day moving forward.

You'll reach the end and achieve your goal and realize that the journey was the point all along.

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