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➤ San Francisco home prices are climbing at their fastest pace in a decade, up nearly 20% in a year, as wealth from the city’s AI boom fuels bidding wars, Redfin data shows. Across the bay, Oakland’s housing market remains far cooler, with one-bedroom rents near $2,000, about half San Francisco’s $4,000. (More)
➤ Meanwhile, the Valley home market remains sluggish, with mortgage rates near 6.6%, as many Fresno-area buyers wait for rates to potentially fall later this year, a local loan officer says. The region’s median home price sits around $475,000, typically requiring two incomes and low debt to afford. (More)
➤ Happy Hens, a San Diego County egg supplier, was tied by county health officials to a salmonella outbreak traced to raw-egg mayonnaise at a Ramona deli. The outbreak has grown to 21 cases and seven hospitalizations. The farm denies any link, and the market has stopped using unpasteurized eggs. (More)
➤ Long Beach’s port is moving ahead with plans for small modular nuclear reactors that would float on barges to power port operations and passing ships. Startup Bluecore Energy says one reactor could power 15,000 homes, though the plan may run up against California’s 1976 ban on new nuclear construction. (More)
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