DRE in the News

COVERAGE INFORMATION:

California Department of Real Estate (DRE) NEWS CLIPS service coverage:

Monday through Friday (except state holidays) each week includes electronic format articles retrieved from newspapers or news services that report real estate related news in California and some national services. Coverage is for California newspapers that are available electronically via the Internet - and any significant related breaking news.

Copyright © , California Department of Real Estate

Links to web sites do not constitute an endorsement from The California Department of Real Estate. These links are provided as an information service only. It is the responsibility of the user to evaluate the content and usefulness of information obtained from these sites. DRE does not provide full text articles - user must access expired articles via newspaper archives online or local public library.

Friday, 12/20/2024

National News

U.S. Housing Industry Reacts to the Federal Reserve’s Late 2024 Rate Cut

MICHAEL GERRITY, The World Property Journal
While the decision itself was unsurprising, the key focus was on the Fed's guidance regarding future policy. With inflation remaining above target and economic growth relatively strong--conditions typically inconsistent with rate cuts--the central bank's tone attracted significant attention.

NAR sends cease-and-desist letter to Pheonix Realtors

BROOKLEE HAN, HousingWire
Real estate professionals and even some local Realtor associations have begun pushing back against the National Association of Realtors’ (NAR) three-way membership. Phoenix Realtors (PAR) is one such association exploring alternative membership structures, but NAR is not having it.

California News

California population jumps, nears pre-pandemic level

HARRIET ROWAN, Bay Area News Group (Subscription)
California’s population grew this year by nearly a quarter of a million residents, bouncing back close to the record-high population levels the Golden State had reached before the pandemic, but growing more slowly than the country as a whole and other large states in the South, the U.S. Census Bureau reported Thursday.

Battle over luxury Verdugo Mountains housing development spills into court

JACK FLEMMING, Los Angeles Times (Subscription)
California’s population grew this year by nearly a quarter of a million residents, bouncing back close to the record-high population levels the Golden State had reached before the pandemic, but growing more slowly than the country as a whole and other large states in the South, the U.S. Census Bureau reported Thursday.

Industry News

FHA borrowers would get mortgage insurance relief through proposed House bill

FLAVIA FURLAN NUNES, HousingWire
A new bill introduced in the U.S. House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity, aligning FHA policies with those of conventional loans.

How Ground Leases Create New Opportunities For Long-Term Real Estate Owners

JOSHUA STEIN, Forbes
Historically, property owners have signed ground leases when they have wanted to convert their property into a secure income stream instead of closing an outright sale. In one of these transactions, the owner ground leases the land to a developer. The developer constructs a building on the land. In exchange for paying rent, the developer has all the benefits and burdens of ownership for the ground lease term. If the developer defaults under the ground lease, it loses its very substantial investment in the building. This assures the owner that such a default is extremely unlikely, at least after the developer has completed construction, and assuming no huge shifts in the market.

Real Estate Technology

No stories today

Property News

Going Against The Grain With Mass Timber Structures

JEFFREY STEELE, Forbes
Contrary to its name, the Stone Age wasn’t just about stone. The epoch also known as the Neolithic Period also ushered in some of the first structures ever created from wood.

In Case You Missed It

Even Mobile-Home Prices Keep Rising

MATT YAN, The New York Times (Subscription)
The U.S. housing market is on track for its second straight year of historically sluggish sales, the result of scant inventory, high prices and stubborn interest rates. Many prospective buyers are sticking with the rental market, but even people considering more affordable options are facing headwinds: According to a study by LendingTree, the average price of new manufactured homes — also know as mobile homes — is rising faster than that of new single-family homes.

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