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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Friday, June 26, 2026
Top Stories
Mortgage payments rise in May as affordability takes another hit
MAV RODRIGUEZ, Mortgage Professional America
Homebuyer affordability weakened in May from the previous month, even though conditions remained better than a year earlier, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). The shift came as mortgage rates moved higher, with Freddie Mac data showing the average 30-year fixed rate climbing to 6.44% in May from 6.33% in April.
National News
Americans Across Party Lines Back Policies to Improve Housing Affordability
DANA ANDESON, Redfin News
Most Americans support government policies that would help make housing more affordable. Three-quarters (76%) of U.S. residents say there should be caps on rent increases, 75% believe there should be initiatives for building homes for low-income families, and 74% think there should be programs for down payment assistance.
California News
Real estate tax-cut proposal pulled from ballot in last-minute deal
BEN CHRISTOPHER, CalMatters
A controversial tax-chopping ballot measure was pulled from California’s November ballot in a last-minute compromise that left many legislative Democrats feeling put out. In exchange for pulling the measure, the governor’s office and legislative leaders agreed to put a different constitutional amendment on the ballot that would raise the share of votes needed to pass certain local taxes.
HOA fees skyrocketing? A California bill could cap them, but Democrats are divided
NADIA LATHAN, KPBS
It’s the latest bill targeting HOAs and how they levy fees in the Legislature this session in an attempt to address housing affordability. Although the crackdowns have been mostly successful and bipartisan, this biggest push yet to slow down rising fees has split some Democrats.
Skyscrapers encouraged: Development near transit in California’s biggest cities poised for major boost from new bill
CHRIS MALONE MENDEZ, The Real Deal (Subscription)
Transit-oriented development in major cities across the Golden State is poised to take a much firmer shape with a piece of legislation that could help municipalities close the gap between housing demand and state-mandated planning goals.
Industry News
Compass transaction fees under fire in new class-action suit
ANDREA V BRAMBILA, Real Estate News
Homebuyers in Florida are alleging that the modification of their purchase contract to include a $475 brokerage fee was both “illegal” and “unreasonable.”
Real Estate Technology
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Property News
UChicago Competition Focuses On Housing Affordability Hurdles
JEFFREY STEELE, Forbes
A University of Chicago program aims to address the city’s affordability issues. These problems have led to an enormous decline in the housing stock, leaving neighborhoods not only pocked by vacant lots but severely lacking the affordable residences that once provided housing for families.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
Home Title Fraud: The Silent Heist That Could Steal Your House
California Department of Financial Protection & Innovation
Imagine waking up one day to find out your home has been stolen. Not the bricks and beams, but the ownership. Home title fraud is a growing concern, particularly in California’s more populated areas. Often, the homeowner is unaware of the scam until it is too late. Follow this guide to learn how to recognize the red flags of title fraud and ways to protect your home.
