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, September 16, 2026
Top Stories
California Sets Standards for Homes Tainted by Wildfire Smoke
RUKMINI CALLIMACHI AND BLACKI MIGLIOZZI, The New York Times (Subscription)
Gov. Gavin Newsom of California signed legislation on Tuesday establishing what supporters say is the country’s first science-based standard for determining when a home impacted by a wildfire is safe to occupy.
Mortgage demand from homebuyers drops 19% from a year ago, as interest rates surge abruptly higher
DIANA OLICK, CNBC
Last week’s average rate on the 30-year fixed was 6.97%, but it has since surged to 7.22%. Applications to refinance a home loan dropped 9% for the week and were 65% lower than the same week one year ago. Applications for a mortgage to purchase a home dropped 1% for the week and were 19% lower than the same week one year ago.
National News
U.S. Homebuilding Boom Loses Steam in 2026
MONSEF RACHID, World Property Journal
Based on a new report from Zillow, permitting has fallen for 44 straight months as U.S. builders retreat from the markets where they once drove the biggest construction gains. The U.S. housing market is entering a consequential phase: Homebuilders are pulling back on new projects just as the country remains millions of homes short of what it needs.
Odds of more than one Fed hike are surging
LIEZEL ONCE, Mortgage Professional America
A majority of Wall Street forecasters now expect the Federal Reserve to raise interest rates at least twice over the next year, a reversal from just a month ago, as the central bank's September meeting gets under way with inflation running well above target and oil prices still elevated.
California News
What Muni cuts could mean for San Francisco home values
RACHEL SWAN, San Francisco Chronicle (Subscription)
If Muni service is eviscerated in San Francisco, home values could sink along with it. That’s one takeaway from a new report by the city controller’s office, which details the ripple effects of cuts that could begin next year if voters do not approve Proposition H, the Muni parcel tax measure, in November.
Industry News
Trump Nominates New Head for Federal Housing Administration
TRISTAN NAVERA, Realtor.com
The Trump administration nominated Matt Jones to head FHA and serve as assistant secretary of the U.S. Department of Housing and Urban Development. Jones would require Senate confirmation to serve permanently.
Real Estate Technology
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Property News
Top destinations for Gen Z and millennial movers revealed
LIEZEL ONCE, Mortgage Professional America
Two generations of Americans are reshaping domestic migration, but in strikingly different directions. The findings reveal a clean split between what Gen Z and millennial movers want. The younger cohort is gravitating toward career launch pads, while millennials in their 30s and early 40s are prioritizing affordability and physical space.
Green Day’s former Oakland studio hits the market for nearly $4 million
AIDEN VAZIRI, San Francisco Chronicle (Subscription)
The Oakland recording studio where Green Day worked on its landmark album “American Idiot” is back on the market, with an asking price of nearly $4 million.
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