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 22, 2026
Top Stories
Oakland could tap its distressed downtown real estate for revenue with ‘foreclosure tax’
KATIE TALERICO, San Francisco Chronicle
A rule of thumb for city finances: if the real estate market is doing well, so are city coffers.
But now, as a number of Oakland apartment and office buildings face foreclosure, city leaders are looking to capture revenue from a downturn too.
Earlier this month, the Oakland City Council advanced a measure to the November ballot that would allow the city to impose its real estate transfer tax on certain foreclosure-related transactions, which are currently exempt.
California foreclosures at 7-year high: Time to worry?
JONATHAN LANSNER, The Orange County Register (Opinion)
The last time California foreclosures were this high was pre-pandemic, in 2019.
However, if you see this as a signal that hordes of California homeowners are going to lose their homes to foreclosure, just like the last real estate crash, you may be waiting a while.
My trusty spreadsheet reviewed a report from the real estate tracker Attom on who paid their home loans in the first half of 2026. The study tracks all foreclosure activity, from homes just entering the foreclosure process to those lost to a foreclosure sale.
Yes, California had 21,543 homes in various levels of foreclosure activity in the first half. Yes, the last time there were more was seven years ago.
National News
Real estate's new paper trap
JAMES RODRIGUEZ, Business Insider
Kirsten Ganas was ready to fire her real estate agent.
It was late March, right in the thick of homebuying season in southwest Pennsylvania. Ganas and her partner, Austin McCarley, had recently learned they were expecting their second child, and they were thrilled at the prospect of upgrading from their two-bedroom rental. They were less enthused, however, about the services provided by their agent, Dan Waterhouse. He'd reached out to them in early January, after they requested their first home tour on Zillow; since then, Waterhouse had shown them roughly two dozen properties. He was nice but sometimes slow to respond, Ganas says, and he lived far from their desired area — no good in a fast-moving market. Shortly after getting outbid on a property, Ganas texted to let him know they'd be moving on.
California News
S.F. cuts millions in funding to troubled housing nonprofit after Chronicle investigation
MATTHEW MITCHELL, SUSIE NEILSON, San Francisco Chronicle
San Francisco’s homelessness department is cutting millions of dollars in funding to HomeRise, one of the city’s biggest providers of housing for the formerly homeless, following an investigation by the Chronicle and UC Berkeley’s Investigative Reporting Program into the nonprofit.
The Department of Homelessness and Supportive Housing announced this week that it will not renew four expiring contracts with HomeRise that fund services intended to keep its residents housed. The department had planned to extend the four contracts by three years, bringing their total value to $39 million.
9 California cities rank among worst for first-time homebuyers. See which ones
ANGELA RODRIGUEZ, The Sacramento Bee
Buying your first home has never been easy — but in California, it might be harder than almost anywhere else in the country. A new WalletHub report found that nine of the nation’s 10 worst cities for first-time homebuyers are in California.
Industry News
1 in 4 Sellers in This State Is Exposed to a Hidden Home Equity Tax
ALLAIRE CONTE, Realtor.com
One in four California home sellers now records more than $500,000 in gains after selling their primary home, new data shows. It's some of the clearest evidence yet that more sellers are being pushed beyond the federal capital gains tax exclusion.
The analysis, from property analytics company Cotality, found that California has the highest share of sellers reaching that level nationwide. Under current federal rules, qualifying married couples filing jointly can exclude up to $500,000 in gains from a primary-home sale. For single filers, the limit is $250,000.
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