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, June 01, 2026
Top Stories
Warren Buffett's Berkshire Hathaway Makes $8.5 Billion Bet On Housing
CZARINNA ANDRES, National Mortgage Professional
Berkshire Hathaway has agreed to acquire homebuilder Taylor Morrison Home Corp. in an all-cash transaction valued at approximately $8.5 billion, including debt, marking one of the largest housing-sector acquisitions announced this year.
U.S. Foreclosure Activity Climbs to Highest Level Since 2020
MICHAEL GERRITY, World Property Journal
According to newly released mortgage performance data from Cotality, the national foreclosure inventory rate increased to 0.4% in March 2026, marking the first annual rise in more than a year and reaching its highest level since 2020. The increase comes as a growing number of borrowers who fell behind on mortgage payments during the past year progress into more serious stages of delinquency.
National News
Homeowner anxiety hits record high as Gen Z bears the brunt
LIEZEL ONCE, Mortgage Professional America
Homeownership anxiety in the United States has reached its highest recorded level, with 25% of homeowners saying that home-related stress carries a high or extremely negative impact on their quality of life, according to Hippo Insurance's 2026 Homeowner Anxiety Report. Almost one in five homeowners surveyed said housing was their single greatest stressor, on par with career and relationship pressures.
Mortgage application fraud risk fell 9.3% in Q1 2026
HousingWire
Cotality’s Q1 2026 National Mortgage Application Fraud Risk Index shows mortgage application fraud risk fell 9.3% year over year in Q1 2026, with about 1 in 129 apps flagged. Refinance share rose to 41%, while undisclosed real estate alerts increased 7.7%, led by investment and multifamily loans.
California News
The salary needed to buy a home is falling across the U.S. — but not in San Francisco
CHRISTIAN LEONARD, San Francisco Chronicle (Subscription)
Home buyers had to make about $444,000 a year to afford a mid-priced home sold in the San Francisco metropolitan area in April, according to a new report from real estate brokerage Redfin. That number — based on the rule of thumb that households should not spend more than 30% of their income on housing — is up by 7% from April 2025, making it the highest among the most populous U.S. metro areas.
This downtown S.F. neighborhood was built for office workers. Now families are moving in
J.K. DINEEN, San Francisco Chronicle (Subscription)
Derided by some as a real estate industry-invented neighborhood full of half-empty office towers and rarely occupied multimillion-dollar condos, the East Cut has quietly emerged, along with Treasure Island, as one of San Francisco’s fastest-changing neighborhoods. It’s a place where apartments, some vacant since the pandemic, are getting filled by highly-paid AI workers at $10,000 rents even as the only new housing under construction is subsidized affordable projects.
Industry News
Zillow will retain access to Realtracs listings — for now
LILLIAN DICKERSON, Real Estate News
Zillow will be allowed to keep its access to Tennessee-based Realtracs' data listing feed — at least for another week — contrary to the multiple listing service's promise to suspend the portal's feeds today over compliance violations, as the companies continue negotiations over how listings may be displayed.
Real Estate Technology
“You’re right!” So far, AI’s threat to resi real estate is making clients overconfident
JAKE INDURSKY, The Real Deal (Subscription)
As artificial intelligence has seeped into daily life, people around the world are turning to it for answers on what to make for dinner, where to visit on a trip, whether a relationship is doomed or if the price is too high on a home for sale.
Property News
Teaming Up to Buy: Co-Buying Goes High-Tech
MELISSA DITTMANN TRACEy, NAR Realtor News
Technology companies are stepping in to connect buyers who want to pool funds together for homeownership. With home prices high, some buyers are asking, “What if I didn’t have to cover the down payment alone?” By taking a team approach—pooling funds with friends, family or even strangers—the cost of homeownership could feel more manageable.
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