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, October 14, 2026
Top Stories
Inside accused Chinese spy Wanying Zhang’s shady multimillion-dollar California real estate empire
KAMAL SULTAN, New York Post
After being busted earlier this month by the FBI for allegedly spying on China, California realtor Wanying Zhang and her real estate dealings are under intense scrutiny — raising questions about the source of her lavish lifestyle.
National News
2027 mortgage originations to fall 5% to $1.99 trillion, MBA forecasts
MATT SEXTON, Mortgage Professional America
The Mortgage Bankers Association (MBA) now expects mortgage originations to fall 5% in 2027 to $1.99 trillion, with the 30-year mortgage rate staying above 7%. Unit volume is forecast to hold around 5 million loans for the next three years, about a third of the peak near 14 million.
Existing-Home Sales Rise 1.5%, Higher Rates Cloud Outlook
NATIONAL MORTGAGE PROFESSIONAL STAFF, National Mortgage Professional
NAR reports September’s sales pace remained below 4 million, while more inventory gave buyers negotiating room and higher rates weighed on the outlook for demand
US home sales rose in September, but slowed from a year earlier as mortgage rates, prices rose
ALEX VEIGA, The San Diego Union-Tribune (Subscription)
Sales of previously occupied U.S. homes rose in September from the previous month, but slowed compared to a year ago, the latest sign the housing market remains stalled as rising mortgage rates and home prices discourage prospective homebuyers.
California News
It would take 17 years for California rent to reach homebuyer payment
JONATHAN LANSNER, The Orange County Register (Subscription)
Tenants are often nudged to buy a home with the notion that owning has relatively fixed costs, while rents are ever-rising, but it would take almost two decades for California rents to reach the monthly financial pain that a homebuyer faces today.
Mayor Daniel Lurie touted a key housing reform. Critics say it changes almost nothing
J.K. DINEEN, San Francisco Chronicle (Subscription)
Days after Mayor Daniel Lurie announced changes to San Francisco’s building code that he said would facilitate more residential development, housing advocates are pushing back. They say the pending revisions are more public relations than meaningful policy and would do little or nothing to spur construction of new homes.
Industry News
Why REITs aren’t getting killed by rising interest rates this time around
DIANA OLICK, CNBC
The stocks of real estate investment trusts, or REITs, have long been considered a low interest rate play. But some experts are making the case that real estate fundamentals today are outweighing even rising rates.
Real Estate Technology
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Property News
These California Boat Dwellers Fear the Worst: Life on Land
LIVIA ALBECK-RIPKA, New York Times (Subscription)
For decades, dozens of people lived rent-free on a bay just north of San Francisco. A few holdouts remained as a deadline loomed to leave the water.
U.S. Home Remodeling Sentiment Holds Steady in Q3
WPJ STAFF, World Property Journal
U.S. remodeling market sentiment edged higher in the third quarter as demand for home improvement projects remained resilient, even as elevated material costs, labor shortages and economic uncertainty continued to challenge contractors.
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