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 8, 2026
Top Stories
As L.A. struggles, these surprising communities are booming. What are they doing right?
TERRY CASTLEMAN, Los Angeles Times
When residents and business owners began talking about creating a city in the Santa Clarita Valley nearly three decades ago, few could have imagined the demographic juggernaut the region would become.
Back then, it was a far-flung collection of four distinct communities: The very suburban Valencia, the historic towns of Saugus and Newhall and the more rural Canyon Country.
Developers knew the valley 45 miles north of downtown Los Angeles was ripe for subdivisions and office parks. But Santa Clarita’s growth has been so dramatic that it now ranks as the third largest city in Los Angeles County behind L.A. and Long Beach.
Southern California homebuying remains below Great Recession lows
JONATHAN LANSNER, The Orange County Register
If you were hoping Southern California’s homebuying crash would finally turn around this year, it’s time to lower those expectations. A shaky economy, global conflict, stubbornly high home prices and expensive mortgages are still keeping buyers on the sidelines.
My trusty spreadsheet reviewed a sales report from Attom for April that showed 15,283 sales of houses and condos, existing properties and newly built ones, in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.
That’s 4% fewer sales than last April. In fact, since 2005, only three Aprils have been slower: 2020, when the pandemic hit, and 2023 and 2024, as the market adjusted to the end of the Federal Reserve’s easy-money policy.
National News
Southern California continues to drive demand for Las Vegas Valley homes
PATRICK BLENNERHASSETT, Las Vegas Review -Journal
Los Angeles and San Jose residents continue to drive the majority of interest in relocating and purchasing homes in the Las Vegas Valley, according to a new report.
The Los Angeles-Long Beach-Anaheim metro made up 23.7 percent of all the views of Las Vegas Valley homes on Realtor.com from metros outside the valley in the first quarter of this year, according to a new report from the online real estate marketplace. Next was the San Jose-Sunnyvale-Santa Clara metro, which accounted for 8.5 percent of all home searches.
California News
S.F.’s affordable housing fight has entered a new phase: Who pays for it?
LAURA WAXMANN, San Francisco Chronicle
After years of little to no construction, the battle over affordable housing in San Francisco has fundamentally been a fight over public resources. Advocates say the window to secure them is narrowing.
They point to soaring rents, a statewide measure that could make future local funding initiatives harder to pass and a shifting development strategy in the city that is expected to yield fewer income-restricted homes as reasons to lock in dedicated housing funding now.
Prefab housing builders seek to show their stuff in L.A. fire recovery
DOUG SMITH, Los Angeles Times
Inside a factory alongside Interstate 5 in the San Joaquin Valley, a forklift delivered a stack of precut lumber to two waiting carpenters.
Consulting a design on a computer screen, the workers arranged the numbered pieces — from 14 inches to 12 feet long — into a grid on an oversize worktable and attached them with rapid nail gun blasts. Within an hour they had assembled a section of subfloor for a house that is soon to be delivered to East Palm Street in Altadena.
In other stations on the factory floor, modules were taking shape for two houses that will replace houses lost in the Palisades fire.
Industry News
Foreclosures Hit 7-Year High as Pandemic Relief Ends—Here’s Where Default Discounts Are Easiest To Get
SNEJANA FARBEROV, Realtor.com
Driven up by the ongoing affordability crisis, the national foreclosure rate reached its highest level in nearly seven years, with a handful of smaller markets, concentrated mostly in the South and Midwest, now claiming the greatest share of default listings in the U.S.
Although losing a home to foreclosure is a painful process for homeowners, it presents an opportunity for shrewd buyers and investors looking to secure properties well below market value, provided they can navigate the unique challenges that come with them.
A new report from Realtor.com® tracks the recent trajectory of foreclosures, highlighting what happens when homes become Real Estate Owned (REO) and wind up listed by banks on multiple listing services and online platforms.
Real Estate Technology
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Property News
Housekeeping, IV therapy and $18,000 rents: Treasure Island’s luxury play
J.K. DINEEN, San Francisco Chronicle
With the Artificial Intelligence hiring frenzy driving double-digit San Francisco residential rent growth, a new deluxe housing complex on Treasure Island is pivoting from sellable condos to rentals, with a collection of heavily-serviced waterfront penthouses asking as much as $18,000 a month.
The 148-unit building, 490 Avenue of the Palms, hits the rental market this week, the fifth new housing complex to open on Treasure Island in the last few years. At a time when almost no new projects are breaking ground on mainland San Francisco, Treasure Island Community Development has completed nearly 1,000 units in less than four years, about 27% of which are below market rate.
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