Dre News Clips

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.
 

Copyright © , California Department of Real Estate

Links to web sites do not constitute an endorsement from The California Department of Real Estate. These links are provided as an information service only. It is the responsibility of the user to evaluate the content and usefulness of information obtained from these sites. DRE does not provide full text articles - user must access expired articles via newspaper archives online or local public library.

      

Monday, September 14, 2026

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Top Stories

Homebuilding Continues to Lose Ground, as Permitting Slips to a Post-Pandemic Low

KARA NG, Zillow Research

Residential building permits fell 2.2% annually in the year ending May 2026, and are now running 19.2% below the pre-pandemic trendline — the furthest below trend since before the pandemic began.



Americans slam the brakes on homebuying as prices and rates rise

ALEX VEIGA, Los Angeles Times (Subscription)

Sales of previously occupied U.S. homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices.


National News 

Why Big Banks Are Pouring Billions Into Reviving the Housing Market

TRISTAN NAVERA, Real Estate News

JPMorgan Chase, the nation's largest bank, is a name typically attached to big numbers. But a new plan to invest $750 billion into housing market initiatives in the next decade stands out. It's not alone. Wells Fargo, Citibank, and Bank of America—which, with JPMorgan, comprise the "big four" of American finance—have each announced major housing initiatives.


California News

California moves to skewer Huntington Beach with series of penalties after huge housing fallout

ZAIN KHAN, New York Post

California is looking to hit Huntington Beach with another round of hefty fines after regulators determined the coastal Republican stronghold still hasn’t fully complied with the state’s housing laws — despite the city rushing to adopt a new housing plan this summer. The latest battle comes just months after Orange County Superior Court Judge Katherine Bacal ordered the city to pay $10,000 a month in penalties dating back to Jan. 1, 2025, totaling $170,000.



CEO of California Real Estate Investment Fund Is Charged in $100 Million Ponzi Scheme

JULIE GERSTEIN, Realtor.com

Federal prosecutors have charged a San Francisco Bay Area real estate investor with perpetrating a multimillion-dollar Ponzi scheme that they say defrauded more than 190 investors out of $103 million, many of whom are senior citizens.



Bay Area homeowners still get huge Prop 13 savings. But in some places, that is shrinking

CHRISTIAN LEONARD, San Francisco Chronicle (Subscription)

California’s Proposition 13 cuts Bay Area homeowners’ property tax bills by up to tens of thousands of dollars a year. But in some parts of the region, the average homeowner isn’t benefiting quite as much as they once did.


Industry News 

The New Housing Law Was Supposed To Help Buyers—Here’s Why Delays Are Coming Instead

TRISTAN NAVERA, Realtor.com

The 21st Century Road to Housing Act proved a political roller coaster this year. The final passage of the bill laid the groundwork for dozens of new provisions aimed at making it easier to buy a home, but no one provision of the bill takes effect on its own. It will be up to federal agencies to write new rules and guidance. And some of that could mean new notices and programs that take some time to create.


Real Estate Technology 

Construction robots are tackling America’s housing shortage, but we’re a long way from humanoid homebuilders

BARBARA BOOTH, CNBC

America’s housing industry is under pressure to build more homes with a shrinking pool of skilled labor. Robotics and automation offer one potential answer, but the biggest gains so far are not coming from humanoid robots replacing workers on construction sites.


Property News 

No one wants to buy LA's most famous midcentury house

ANDREW PRIDGEN, SFGate

Southern California’s most famous midcentury house juts from the cliff’s edge, compact and refined, angular and unassuming, but for the views from inside. Yet for all its dreamlike qualities, the Stahl House, perhaps the most iconic, or at least most photogenic, representative of midcentury modern architecture anywhere in California, remains empty today, bereft of a family to live in it.


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