The Bay Area Real Estate Journal — Local Real Estate Intelligence for Bay Area Homeowners, Buyers, Sellers and Investors
Candidates pitch housing affordability fixes as a midterm gambit
Dark Matter promotes three executives to senior leadership roles
Fannie Mae slashes 2027 mortgage forecast amid higher rates
Disruption can distract brokerage leaders from consumer expectations
First Horizon sells $4.5B mortgage portfolio at discount
The Latest
- Compass takes CRMLS fight to court and promises to cover agent fines
- Real, Compass, SERHANT. add teams; Baird & Warner picks COO
- California sues to stop National Archives closure that tribes say came without warning
- Trump demanda a California por acusaciones de que personas no ciudadanas se registran para votar
- California presenta su demanda número 100 contra Trump, esta vez por el caso del ICE en los juzgados
Video
Riots in France, US Ukraine Disagree on Starshield, Watching Wall Street
Omar’s Take on the Market
A Dream Home, a Starter Budget, and 5 Million Views
A video I posted just days ago has now passed 5 million views. I have been making videos for a long time, and not one of them has ever done this. It still does not feel real.
The setup was simple. I am sitting in my car with a client walking through their wish list. Two stories. A lot of windows. Five bedrooms. A pool. A lake view. As they describe the dream, an AI image of that exact house sits behind me. Then the numbers come out. No down payment, so they need 100 percent financing. Two thousand dollars a month in income. A budget of $150,000. And with every sentence, the house behind me shrinks. The mansion becomes a normal house, then a small house, and by the end it is a trailer.
Here is what the video was not. It was not me laughing at someone for wanting more. I wrote it in the caption and I will write it again here. My job is not to laugh at the dream or to crush it. My job is to listen, understand what matters most, and build a roadmap to get you there. Where we start is usually not where we finish. Your dream home may not be your first home. But you have to start somewhere.
What the comments were really saying
I expected people to laugh at the joke. Instead, 3,000 comments turned into a conversation about how expensive housing has become and how far out of reach the dream now feels. People were not mocking the client. They were the client. The message I keep getting is that affordability has hit a breaking point, and I will not pretend the market is cheap. It is not. Our own June market report showed East Bay homes selling in a median of 13 days with inventory down more than 20 percent from a year earlier. Tight and expensive is the real backdrop to that video.
But I have had a lot of conversations with clients in their 60s and 70s. When they bought their first home for fifteen or twenty thousand dollars, it did not feel easy to them either. It felt like a stretch they were not sure they could make. Almost everyone who has ever bought a home reached a moment where they had to push further than felt comfortable.
Push yourself, do not choke yourself
That is the line I have used with clients for years. Push yourself, do not choke yourself. A home is not only an expense. It is an investment in your income and in your family’s future. Building real wealth through real estate has always been a real option for ordinary people, and the earliest lesson I give anyone is this: do not wait to buy real estate. Buy real estate and wait.
I have sat with people who were certain ownership was impossible, who had paid rent for years, and who could have owned a long time ago. If they had started when they first wondered about it, they would be sitting on years of equity now instead of years of rent receipts.
Start somewhere
So this is my message to anyone who saw the video and felt that gap between the dream and the budget. There is real power in simply getting information. Book a consultation. Find out what your actual options are, not what you assume they are. Maybe it starts with a condo or a one-bedroom. Maybe the bigger house comes later. Everyone starts in a different place, and that is fine.
Have a goal and hold onto it, because if you do not have a goal you will never reach it. Dream big. We will figure out the path together. You just have to start somewhere.
@theomarmurillo IG: @TheOmarMurillo Sometimes our first conversation starts with a dream home… and a starter-home budget. 😅🏡 That’s okay. My job isn’t to laugh at the dream. My job is to listen, understand what’s most important, and build a roadmap to get you there. Sometimes where we start isn’t where we finish… but I’m with my clients every step of the way. 🤝 Dream big. We’ll figure out the path together. #OmarSellsTheBay #BayAreaRealEstate #HomeBuying #FirstTimeHomeBuyer #DreamHome
Watch it on TikTok if the player does not load.
Omar Murillo is a broker and co-founder of Everhome Real Estate, serving Fremont, the Tri-City area, and the greater East Bay since 1998. To talk through your own path to ownership, reach him at 510-552-6111. California DRE #01244077.
Mortgage Rates & Markets
30-Yr Fixed Mortgage
7.40%
▬ 0.00
Weekly avg · Freddie Mac PMMS · As of Oct 15, 2026 · 12-month trend
15-Yr Fixed Mortgage
6.71%
▼ -0.02
Weekly avg · Freddie Mac PMMS · As of Oct 15, 2026 · 12-month trend
10-Yr Treasury Yield
5.10%
▼ -0.09
Daily · U.S. Treasury · As of Oct 15, 2026 · 12-month trend
Fremont & Tri-Cities
One of the Best Values in Newark Right Now: A Turnkey Two-Story in Mirabeau Park
A turnkey three-bedroom two-story in Newark’s Mirabeau Park with brand-new heating and air, fresh landscaping, vaulted ceilings on both floors, balconies off both upstairs…
What Today’s Mortgage Rates Mean for Fremont Buyers
Rate movements hit Fremont differently than the national average suggests — because Fremont price points multiply every fraction of a percent. A local translation…
Compass takes CRMLS fight to court and promises to cover agent fines
Complaint alleges fines up to $2,500 for public marketing outside the MLS when clients direct it in writing
Real, Compass, SERHANT. add teams; Baird & Warner picks COO
Christies International Real Estate expands in New Jersey
East Bay
CalMatters sues UC Berkeley to force university to disclose student-athlete pay data
This is CalMatters’ second open records lawsuit against a UC campus in two months. The news outlet is seeking more information about how Cal…
Meta to pay $17 billion — and limit ‘likes’ for teens — in social media settlement with states
California will get over $2 billion from Meta as part of a proposed settlement in a 47-state social media addiction case. The trial kicked…
Oakland families affected most by UCSF decision to move pediatric care across the Bay
A year after taking over Children’s Hospital Oakland, UCSF is transferring some medical services, forcing vulnerable children and their families travel to San Francisco…
East Bay Housing, June 2026: A Tight, Fast Market Meets Rising Rates
East Bay single-family homes sold in a median of 13 days in June 2026 as inventory fell more than 20% year over year and…
Silicon Valley
Democrats have lost Silicon Valley. Here’s what it will take to win it back
If Democrats want to become the party of the future again, they need to stop treating the people building the future like political enemies.
The biggest impact of the SpaceX IPO won’t be in Silicon Valley
Luxury buyers prioritize privacy, acreage, and optionality and they often pay premiums when scarce properties surface.
How Silicon Valley used Main Street’s outrage against California privacy law
Senate Bill 690 promises to stop abusive wiretapping suits against small businesses. Privacy advocates warn it also quietly shields tech giants from major lawsuits.
Engel & Völkers adds high-producing Silicon Valley agent
Dawn Thomas brings more than 22 years of experience and $675 million in career closed sales volume to the brokerage.
Bay Area Housing Market
California sues to stop National Archives closure that tribes say came without warning
California says closure would endanger tribal records, including boarding school files. Tribes say they weren’t consulted.
Trump demanda a California por acusaciones de que personas no ciudadanas se registran para votar
La administración Trump está exigiendo registros a los condados de Los Ángeles, Orange y San Diego mientras busca casos de personas que hayan votado…
California presenta su demanda número 100 contra Trump, esta vez por el caso del ICE en los juzgados
Los líderes de California quieren que los agentes de inmigración se mantengan alejados de los juzgados. Les preocupa que la aplicación de la ley…
Mortgage & Economy
Mortgage underwriting has a blind spot: The homeowner’s largest risk
A diversified benchmark approach could reduce balance sheet shocks that precede credit deterioration
Could your lead-gen and referral practices face FTC scrutiny? Senators want a closer look
Letter cites lead gen referrals, mortgage steering, and office exclusive listings as affordability pressures
Housing M&A shifts as global capital retargets residential futures
Zelman data shows housing M&A deal value up 56% through Aug. 2026 while investment grade issuance fell 71%
AI voice agents target real estate’s next conversion opportunity
CINC’s Jeff Walker says the priority is recognizing lead intent during a 12-month sales cycle and acting at the right moment
Market Analysis
What Bay Area Sellers Should Do Before Entering the Market
Omar Murillo’s working checklist for the eight weeks before a Bay Area listing goes live — the preparation sequence that consistently changes outcomes.
New California laws arise from latest legislative skirmishes in endless ‘tort wars’
Tort wars are among the Legislature's oldest conflicts, pitting lawyers who file personal injury lawsuits and their allies against business interests and their insurers.
There’s a $11.25 billion housing bond on the ballot this November. Here’s what you should know
Supporters say California desperately needs money to fund housing construction and make a dent in its homelessness and affordability crisis. Critics say bond financing…
Video · Bay Area Real Estate
Riots in France, US Ukraine Disagree on Starshield, Watching Wall Street
El Rancho Dream Property
We Turned Nara Smith’s Personality Into a Room | AD Big Picture | Architectural Digest
Selling
When real estate listing scarcity becomes the strategy, who benefits?
A Zillow survey cited 74% of Hispanic sellers and 73% of Black sellers were steered to private networks, versus 24% of white sellers
Home Sellers Now Outnumber Buyers By 63%, the Biggest Gap Since the Post-Recession Housing Crash
House hunters had more negotiating power in September than they’ve had since the housing market crashed after the 2008 financial crisis, with 63% more…
The MLS was built around sellers. Gitcha wants to change that
Founder Dan Cooper said five MLSs have signed on since early 2025, with more partnerships expected after contract reviews
Video: October 12, 2026, Economic and Housing Market Outlook
The October 12, 2026 Housing Market Outlook video gives you the info you need to know to navigate the housing market as a homebuyer,…
Buying
Buyers: Results from the Consumer Housing Trends Report 2026
Key Highlights Repeat buyers are driving the market. 58% of buyers in 2026 were repeat buyers, up from 55% in 2025 and 50% in…
Hispanic homebuyers still want in. Here’s how real estate agents can help
The column highlights FHA 203(k) and conventional renovation loans for financing purchase plus eligible repairs.
Down payment assistance doesn’t need simplification; it needs standardization
Analysis of $6.5B in declined volume found 35% could have been salvaged with DPA options
Higher rates changed house flipping, here is what still works
Buyers can compare remodeled resales with new builds offering concessions, raising the bar on finishes
Investing & 1031 Exchanges
People — not computers — should be deciding if my family can rent a home
Automated systems — algorithms and artificial intelligence — often sway rental company decisions, leaving rejected families with little recourse.
Housing demand finds a new home in rentals, up 19.2% (September Rent Report)
As elevated borrowing costs push up a buyer’s monthly payment, more shoppers are choosing to rent.
September 2026 Rental Report: Median Asking Rent Declines at the Slowest Pace in 3 Years
In September 2026, U.S. median rent recorded its 38th consecutive year-over-year decline. Rent for 0-2 bedroom properties across the 50 largest metropolitan areas dropped…
Home Design & Property Preparation
HUD eyes 203(k) renovation changes to boost housing supply
Recent draw changes and a potential review of consultant requirements signal a refocus on the product
Remodeling sentiment steady as labor, economic headwinds build
NAHB expects remodeling activity to hold steady in 2026 and grow modestly in 2027
He’s trying to break generational ties to gangs. Los Angeles police keep targeting him
LAPD launched an internal investigation after a swarm of officers allegedly profiled and detained young men the day they were set to graduate from…
Point says home renovation demand has dropped to its lowest level since 2024
Quarterly index shows demand for renovation financing is strongest in states like Indiana, Tennessee and Georgia
Listings · Omar Murillo & Everhome Real Estate
220 Yosemite Dr, Livermore
$1,275,000
4 bd · 2 ba · 1,561 sqft · Remodeled single-story in Summerset
674 Selby Ln Unit 4, Livermore
$1,049,950
4 bd · 3.5 ba · 2,190 sqft · Vineyard-view townhome in the Montage community
Listings courtesy of Everhome Real Estate, DRE #02014153. Information deemed reliable but not guaranteed.
Neighborhood Guides
Fremont Real Estate
Districts, schools, pricing patterns, and what moves the Fremont market.
Mission San Jose Real Estate
One of the East Bay’s most sought-after school-driven markets.
Newark Real Estate
Value, commute access, and a changing buyer profile in Newark.
Union City & More — Coming Soon
[PLACEHOLDER: Add Union City, Hayward, Castro Valley, Danville, and San Jose guides as they are published.]
About the Publisher
Full Profile
Omar Murillo
Broker & Co-Founder · Everhome Real Estate · CA DRE #01244077
Omar Murillo is a Fremont native and Bay Area real estate broker with 28 years in the business, and co-founder of Everhome Real Estate, an 18-agent brokerage serving the SF Bay Area and Silicon Valley. He covers the Fremont, Tri-City, East Bay, and Silicon Valley housing markets with particular focus on listing strategy, property preparation, and negotiation.
The Bay Area Real Estate Journal, In Your Inbox
Market moves, mortgage-rate context, and local analysis for Fremont, the Tri-Cities, the East Bay, and Silicon Valley. No spam — just the Journal.