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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Monday, June 22, 2026
Top Stories
46% of Home Sellers Gave Concessions to Buyers in May, the Highest Share on Record For That Month
DANA ANDERSON, GRISHMA BHATTARAI, Redfin News
Seller concessions are at a record high for spring because it’s a buyer’s market, with 47% more home sellers than buyers in the U.S. Mortgage rates and home prices are still historically high, and many would-be homebuyers are backing away due to widespread economic uncertainty stemming from the impacts of the Iran war, inflation jitters and nerves about job security.
Nearly 3 in 4 rental listings are considered affordable, the highest for May in years
KARA NG, Zillow Research
After setting records during the pandemic, rent price growth has cooled since 2022, in large part due to a multifamily construction boom that reached a 50-year high in 2024. Builders reacted to strong housing demand during the pandemic and took advantage of borrowing costs that were still low.
National News
Home flipping slowed in early 2026 but investors saw returns tick up
SARAH WOLAK, HousingWire (Subscription)
ATTOM data shows that home flipping activity declined in early 2026 even as investor profits edged higher, signaling a modest rebound in returns after a prolonged downturn.
California News
Inside the $1.34-billion real estate scandal that rocked sleepy Laguna Beach
LAURENCE DARMIENTO, Los Angeles Times (Subscription)
When Laguna Beach real estate mogul Mohammad Honarkar got into financial trouble during the pandemic, he turned to a local investor for help — but it didn’t turn out as he planned.
Affordable housing stalled in this Bay Area city for 8 years. Is the fight finally over?
SARAH RAVANI, San Francisco Chronicle (Subscription)
The plan to build affordable housing at the key site in downtown Livermore dates back to 2003. The prolonged fight became one of the fiercest over affordable housing in the region, reflecting the challenges of building these types of homes even as California has enacted pro-housing laws aimed at accelerating development.
Is California home insurance cheap, considering the risks?
JONATHAN LANSNER, Orange County Register (Subscription)
California property owners can expect the nation’s steepest insurance premium hikes this year.
Nevertheless, that surge will leave California property owners paying below U.S. norms. Even after the 2026 increase, California property insurance remains a relative bargain compared with the rest of the country.
Industry News
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Real Estate Technology
A surge of AI-generated lawsuits is causing servicers pain
SPENCER LEE, National Mortgage News
Artificial intelligence may be ushering in welcome changes to the mortgage industry, but for servicers in particular, it's also fueling a more troubling trend: a rush of borrower lawsuits filed with the help of AI tools like ChatGPT.
Property News
Infill Housing: Real Estate's Diamon in the Rough
JENNIFER CASNTENSEN, Forbes
Rough estimates show hundreds of thousands to up to two million infill lots available across the country that could provide that many new single family homes or a multiplier of new homes delivered with more dense townhomes or other multifamily properties.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
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