06/01/2026
THE HONEST MARKET PICTURE
Markets opened June mixed after a record May. The Dow slipped about 0.2%, the S&P 500 hovered near flat, and the Nasdaq edged higher as Nvidia's Jensen Huang unveiled a new AI laptop chip at Computex Taipei. Microsoft and HP rose, Intel and AMD fell. (Yahoo Finance, TheStreet)
The housing headline: Berkshire Hathaway agreed Sunday to buy homebuilder Taylor Morrison at $72.50 a share, ALL CASH, a 24% premium worth about $8.5B. The stock surged 22% in premarket trading on the news. It's CEO Greg Abel's first big deal since taking over from Warren Buffett. Translation: serious capital still sees long-term value in US housing. (CNBC, Fortune)
The honest caution: the Iran war is still live. Oil sits near $90, the Strait of Hormuz stays disrupted, and the US struck Iranian radar sites over the weekend while an interim deal awaits Trump's call. Higher oil can feed inflation, and inflation drives the 10-year Treasury that sets mortgage rates. A jobs report lands this week too.
What it means here:
✅ Buyers, rate swings are real, so get pre-approved and move when the right home shows up.
✅ Sellers, price to today's market, not last year's.
✅ Investors, consolidation rewards patient money.
P.S. I watch this daily so you don't have to.
P.P.S. Relocation Questions on Seattle, Bellevue, Redmond, or Kirkland?
Let's talk. www.calendly.com/book-a-call-or-zoom
With Gratitude,
~ Teddy Lim,
🏡: eXp Realty,
☎️: (206)899-6396,
🌐: www.tlimre.com
📩: [email protected]