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.
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Copyright © , California Department of Real Estate
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Wednesday, July 15, 2026
Top Stories
Mortgage Demand in U.S. Slips as Borrowing Costs Climb to Yearly High
DAVID BARLEY, World Property Journal
Total mortgage application volume fell 2.7% in the week ended July 10, 2026 from the prior week, according to data released Wednesday by the Mortgage Bankers Association (MBA). The decline followed a holiday-adjusted reporting period surrounding the July 4 weekend and reflected a sharp slowdown in home purchase activity.
Foreclosure Inquiries Reach Highest Level Since 2020
KATIE JENSEN, National Mortgage Professional
Foreclosure inquiries rose for the third straight quarter to their highest level since March 2020, according to LegalShield. The company tracks homeowners seeking legal assistance before a foreclosure filing, acting as an early warning signal of a coming surge.
National News
Better Weather Is the Top Reason Americans Are Planning Out-of-State Moves, Outranking Affordability
DANA ANDSERSON, Redfin News
More than one in five (22%) U.S. residents planning an out-of-state move said better weather is motivating their relocation, making it the most commonly cited reason among 29 options included in a recent Redfin survey. Concerns about natural disasters and climate risks ranked a close second, with 21% of respondents saying those factors are influencing the decision to leave their current state.
The National Housing Deficit Stopped Getting Worse in 2024, Holding at 4.7 Million
ORPHE DIVOUNGUY, Zillow Research
For more than a decade, the United States has not built enough homes, forcing millions of families to share housing with people outside their family. In 2024, that shortfall finally stopped growing in any meaningful way.
June 2026 Rental Report: Median Asking Rents Continue to Decline
Jiaya XU, DANIELLE HALE, Realtor.com
June 2026 marks the 35th consecutive month of year-over-year decline for 0-2 bedroom properties across the 50 largest metros. The national median asking rent fell $25, or 1.5%, compared to a year ago.
California News
Pier 70 developer wants to add 600 more homes to S.F. megaproject
J.K. DINEEN, San Francisco Chronicle (Subscription)
Brookfield is proposing to increase the maximum number of units in the 28-acre historic Dogpatch waterfront enclave by about 28% from 2,150 to 2,750 under a revised plan, which must be approved by both the Port Commission and the Board of Supervisors.
Industry News
Zillow’s legal fights ramp up with Compass, FTC and Chicago’s MLS
JANANI JANA, The Real Deal (Subscription)
The gavel hasn’t come down on Zillow’s courtroom battle with MRED and Compass, but the online listing portal is already preparing to face off against the Federal Trade Commission in another antitrust battle in a Virginia courtroom.
Compass opens new front against Zillow with complaints to regulators, MLSs
AJ LATRACE, Inman (Subscription)
Compass is opening another front in its fight with Zillow, pursuing complaints with state regulators, Realtor associations and multiple listing services over the portal’s listing access standards and its treatment of homes excluded from Zillow under the policy.
Real Estate Technology
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Property News
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In Case You Missed It
MORE HOUSING, FASTER: Governor Newsom signs historic housing affordability reforms
Office of the Governor
As part of the 2026-27 budget — with ZERO deficit this year and next — Governor Newsom today signed Assembly Bill 179, housing budget trailer bill, modernizing California’s affordable housing finance system to help expand homeownership, reduce costs, support more affordable housing, and strengthen the impact of state housing investments.
Resources, Webinars, and Other Items of Interest
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