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, May 27, 2026
Top Stories
San Francisco rents spike 22% in a year, far outpacing other US cities
FRANCESCA MAGLIONE, Bloomberg
In San Francisco’s latest real estate boom, renters are paying cash up front, multimillion-dollar houses are selling auction-style and AI company stock can buy a sprawling hilltop estate.
It’s a reflection of the new wave of wealth from the artificial intelligence industry, leaving even well-paid newcomers scrambling for a place to live.
America’s housing market decline is ‘no longer just a Sun Belt story’—LA and Dallas are tumbling, too
NICK LICHTENBERG, Fortune
For the past two years, the story of falling home prices was largely a Sun Belt story — an unwinding of the pandemic-era land rush that had sent values in Austin, Tampa, and Phoenix to unsustainable heights. As recently as February, JPMorgan’s rosy national forecast was masking a “Sun Belt full of pain,” with Florida and Texas bearing the brunt. That regional narrative is now changing.
National News
Americans face decision after unexpected housing market news
JOEY LINN, The Street
For decades, real estate has been one of the most reliable ways for Americans to build long-term wealth. It rewards patience, requires only a fraction of the purchase price in cash up front, and hands owners direct control over an asset that has historically appreciated.
California News
San Francisco faces a budget crisis. Its homelessness fund is flush with cash
MAGGIE ANGST, San Francisco Chronicle
As Mayor Daniel Lurie works to close a major budget deficit, a dedicated funding stream for homelessness services in San Francisco is awash with money.
The Our City, Our Home Fund — financed by a voter-approved tax on large businesses — has exceeded forecasts and is expected to bring in more than $900 million over the next two years. That’s in addition to a $450 million fund balance.
Wildfire Preparedness Is Becoming Essential for Insurance Protection
JENNIFER BERGER (Santa Barbara Association of Realtors), Santa Barbara Independent
Insurance has become one of the most significant challenges facing homeowners and homebuyers across Santa Barbara County. What was once considered a routine step in the homeownership process is now a critical factor in real estate transactions, particularly in wildfire-prone areas. Rising premiums, changing underwriting standards, carrier withdrawals, and increased reliance on the California FAIR Plan have made it more important than ever for homeowners to understand both wildfire risk and the evolving insurance landscape.
Industry News
California’s crippling home insurance market faces massive shake up as savior emerges
TITUS WU, The New York Post
California’s crippling home insurance crisis could be saved after a wildfire defense company launched a game-changing product to stop houses burning down.
Frontline Wildfire Defense offers a sprinkler system that automatically sprays down a property with a light mist when a blaze is close by.
The product, the company says, can shake up the insurance market. “It’s like a giant car wash,” Greg Dexter, a Healdsburg homeowner who installed the sprinklers on his eaves and roof, told NBC Bay Area.
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