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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Thursday, October 30, 2025
Top Stories
Mortgage rates spike as Powell warns December rate cut is iffy
MATT CARTER, Inman (Subscription)
After the Federal Reserve approved the second rate cut of the year, mortgage rates moved in the opposite direction as investors who fund most home loans worry about inflation.
National News
The Hamptons Luxury Housing Market Is Staging a Comeback for the Ages
KATHERINE CLARKE, The Wall Street Journal (Subscription)
In the Hamptons, New York’s affluent beach-vacation destination, the luxury real-estate market has come roaring back. The number of homes sales above $10 million on Long Island’s East End has surged to unprecedented levels, even topping the area’s pandemic boom. The uptick comes even as Florida and other locales have replaced New York City as a primary home for many billionaires.
California News
Lurie’s ‘Family Zoning’ would fall far short of state housing goals, new report says
J.K. DINEEN, San Francisco Chronicle (Subscription)
A new city report says Mayor Daniel Lurie’s proposed “Family Zoning” plan would generate far less housing than the planning department is projecting, an analysis that comes as the Board of Supervisors gears up for a November vote to increase residential building heights and densities in swaths of San Francisco’s northern and western neighborhoods.
California dominates America’s richest ZIPs, even as this Bay Area enclave loses top spot
AIDIN VAZIRI, San Francisco Chronicle (Subscription)
For nearly a decade, the Silicon Valley enclave of Atherton reigned as the most expensive ZIP code in America. This year, it was dethroned — by a private island off the coast of Miami. According to a new report from real estate data firm PropertyShark, Miami Beach’s Fisher Island (33109) claimed the nation’s top spot in 2025 with a median sale price of $9.5 million, a 65% jump from last year.
San Jose approves 737-unit housing development near major tech hub
DEVAN PATEL, The Mercury News (Subscription)
While the city’s overall housing production has lagged, more projects are progressing in North San Jose, with the latest promising to add more than 700 homes near a major tech hub.
FBI Searched California Real Estate Firm Linked to Bad Bank Loans, Lawsuit
MICHELLE PRICE, Insurance Journal
The FBI last month searched the offices of a California real estate investment firm Continuum Analytics, which is linked to bad loans recently disclosed by Zions and Western Alliance, according to legal correspondence seen by Reuters.
Industry News
Climate fears drive Americans to rethink homebuying decisions
LIEZEL ONCE, Mortgage Professional America
Climate change has made most Americans see owning a home as riskier than it was 10 years ago. A recent survey from Clever Offers, a platform under Clever Real Estate, found that 68% of Americans believe climate change and natural disasters have heightened the risks associated with owning a home.
Economists react after Fed cuts rates
LIEZEL ONCE, Mortgage Professional America
The Federal Reserve’s 25-basis-point rate cut in October sparked immediate and mixed reactions from economists and mortgage professionals, as the central bank took a cautious stance in response to a weakening job market and continued economic uncertainty.
Court denies Compass’s order to compel documents from Redfin
BROOKLEE HAN, HousingWire (Subscription)
Despite some pushback, Redfin is now officially involved in Compass’s antitrust lawsuit against Zillow over the latter’s listing access standards policy. But the Rocket Companies-owned firm is not as involved as Compass was hoping.
Freddie Mac’s earnings slowly ticking back up amid credit losses
SARAH WOLAK, HousingWire (Subscription)
Freddie Mac released its third-quarter 2025 earnings on Thursday morning, reporting a net income of $2.8 billion. While up from Q2 2025’s $2.4 billion, earnings for the government-sponsored enterprise (GSE) are down 11% year-over-year. The company says the decrease is attributed to “a credit reserve build in the current period compared to a credit reserve release in the prior year period.”
Redfin says Compass wants to see ‘privileged and irrelevant documents’
BROOKLEE HAN, HousingWire (Subscription)
Compass may want to drag Redfin into its legal battle involving Zillow’s listing access standards, but the Rocket Companies-owned firm is not having it. On Tuesday, Redfin filed its own letter addressed to Judge Jeannette Vargas of the U.S. District Court in New York City calling Compass’s motion to compel Redfin to produce documents “untimely and improperly filed.” According to Redfin, Compass is “ignoring its prior agreements,” by requesting that Redfin produce “privileged and irrelevant documents.”
AARP reveals ‘urgent need’ to address financial impacts faced by caregivers
SARAH WOLAK, HousingWire (Subscription)
Living location impacts the caregiving experience in the U.S., according to a new state-level analysis released on Wednesday by AARP and the National Alliance for Caregiving (NAC). AARP’s data found that, specifically, state policy choices have an impact on family caregivers. States with strong supports, such as paid leave, respite care and health system integration report better outcomes.
Real Estate Technology
In Senior Homes, A.I. Technology Is Sensing Falls Before They Happen
JOYCE COHEN, The New York Times (Subscription)
Kathy Doyle fell on the street in Manhattan several times over the years. Usually, she’d end up at Lenox Hill Hospital, disoriented and upset. Then she had a stroke. She kept falling, often injuring herself and scaring her family.
Property News
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In Case You Missed It
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Resources, Webinars, and Other Items of Interest
The Best States for Retirement
ARNESA A. HOWELL, The New York Times (Subscription)
With its sunny beaches and friendly tax code, Florida is the best state to retire in, according to an annual study by WalletHub. But if you’re looking for a lower cost of living and you don’t mind experiencing all four seasons, you can find excellent alternatives in Western and Midwestern states.
