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, September 21, 2026
Top Stories
Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher
DIANA OLICK, CNBC
Applications for a mortgage to purchase a home dropped 1% for the week and were 19% lower than the same week one year ago. Potential buyers are still contending with high home prices.
Homebuilding Leaders Call for Reforms To Boost Construction Financing and Cut Costs
TRISTAN NAVERA, Realtor.com
Banking, home construction, and government leaders urged Congress to advance more reforms that would bolster the housing market. Speaking at a D.C. conference at the U.S. Chamber of Commerce, they said the newly passed 21st Century Road to Housing Act misses a number of key issues that impact Americans' ability to buy homes.
National News
Apartment Landlords Have a $2 Trillion Debt Problem That Is Only Getting Worse
REBECCA PICCIOTTO, The Wall Street Journal (Subscription)
Few investors are feeling more pain from rising interest rates than America’s apartment landlords. These property owners face a bill of more than $1.8 trillion in debt over the next decade. From this year to 2028, about $757 billion of those loans are coming due, according to the Mortgage Bankers Association.
Contract Signings Barely Budge as Mortgage Rates Take Center Stage
MELISSA DITTMAN TRACEY, NAR Realtor
The housing market is feeling the pressure from higher borrowing costs, with some buyers shrugging higher rates off and moving ahead while others take the wait-and-see approach.
California News
Bureaucratic feud over hefty fee could stymie housing projects in San Diego
DAVID GARRICK, The San Diego Tribune (Subscription)
Efforts to boost housing construction in San Diego have hit a potential setback: the San Diego Housing Commission refuses to stop charging a hefty fee that discourages developers by making projects more expensive.
California home insurance is about to see a major overhaul
MEGAN FAN MUNCE, SF Chronicle (Subscription)
Two new laws signed by Gov. Gavin Newsom could make California the first state to regulate how contamination must be identified and removed from homes after wildfires, and when insurance companies must pay for it.
Industry News
Appeals court orders Nationstar mortgage canceled under FAPA
REGIELYN SANTIAGO, Mortgage Professional America
The Appellate Division, Second Department, reversed a lower court order on September 16, 2026, and granted summary judgment to the property owner in his action against Nationstar Mortgage.
Nearly Half of Homebuyers Get Concessions From Sellers as Most Markets Tip in Buyers’ Favor
DANA ANDERSON, Redfin News
Home sellers gave concessions to buyers in 44.7% of U.S. home sales in August, up from 42.6% a year earlier and the highest share for that month since at least 2020.
Real Estate Technology
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Property News
Young Americans Are Choosin’ Texas. But Gen Zers Are Moving To San Antonio and Austin, While Millennials Favor Houston.
DANA ANDERSON, SHEHARYAR BOKHARI, SZUYU CHEN, Redfin News
Gen Zers and millennials alike are moving away from some of America’s biggest, most expensive cities, but their destinations reflect different stages of young adulthood.
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