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, December 4, 2025
Top Stories
Mortgage Rates Fall to Lowest Level Since October 2024
HANNAH JONES, Realtor.com
The Freddie Mac 30-year fixed mortgage rate fell 4 basis points to 6.19% this week as markets looked to upcoming economic data for signals ahead of next week’s Federal Reserve meeting.
Bipartisan Push To Boost Affordable Housing
NATIONAL MORTGAGE PROFESSIONAL
The bipartisan Housing Affordability Act amends the National Housing Act to update statutory loan limits from the inflationary adjustment index from the Consumer Price Index (CPI) to the Price Deflator Index of Multifamily Residential Units Under Construction.
National News
Inventory Growth Loses Steam As Would-Be Sellers React to Lackluster Homebuying Demand
DANA ANDERSON, Redfin News
Pending home sales fell 2.6% from a year earlier, the biggest decline in eight months. The typical home that does sell sits on the market for 50 days before going under contract, about a week longer than last year.
A ‘Long, Slow Recovery’ Will Begin In 2026
LEW SICHELMAN, National Mortgage Professional
Redfin predicts that 2026 will usher in a “Great Housing Reset” — a gradual rebound in the U.S. housing market, driven by rising incomes outpacing home-price growth, more affordable mortgage rates, modest price increases, and slowly improving homebuying.
House Price Appreciation by State and Metro Area: Third Quarter 2025
JING FU, Eye on Housing
House prices continued to rise in the third quarter of 2025, though the pace of growth slowed as elevated mortgage rates, affordability challenges, and persistent economic uncertainty weighed on consumer demand.
California News
Insurers won’t be forced to offer home coverage after measure dropped
LAURENCE DARMIENTO, Los Angeles Times (Subscription)
An initiative that would have required California insurers to offer policies to homeowners who fireproof their houses has been withdrawn after the backer of a competing industry measure similarly did so. The mutually agreed-upon move means the consumer protections offered by California’s landmark Proposition 103 will remain unchanged.
Apartment Construction Is Down Across SoCal As Measure ULA Opposition Heats Back Up
BIANCA BARRAGAN, Bisnow
A reinvigorated opposition campaign to Measure ULA is gathering steam and signatures, but cold hard proof of just how much of an impact the measure is having on the multifamily development landscape is elusive.
LA starts SB 79 mapping, explores delays and local implementation options
TERESA LIU, Los Angeles Daily News (Subscription)
The Los Angeles City Council on Tuesday unanimously approved a set of recommendations that begin the city’s technical work to comply with SB 79, the state’s new transit-area housing law taking effect in July 2026. The vote authorizes city staff to begin detailed mapping and modeling of where the law’s new density and height standards would be allowed.
Industry News
How NAR spent its money in 2024
AJ LATRACE, Real Estate News
The organization brought in $360 million in revenue, primarily from member dues, and spent more than $76 million on compensation. Another big expense? Lobbying.
Real Estate Technology
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