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, June 18, 2026
Top Stories
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief
National Mortgage Professional
The Federal Reserve left interest rates unchanged Wednesday in Kevin Warsh's first meeting as chair, but the central bank's updated projections delivered a message many mortgage lenders were not hoping to hear: lower rates may not be coming anytime soon.
Over 25 Million Future Homebuyers Remain Sidelined By Housing Affordability
CZARINNA ANDRES, National Mortgage Professional
A record 25.2 million adults under age 35 lived with their parents in 2025, according to a new report from Realtor.com. The report found that one in three adults under 35 now lives with a parent, pushing the total number of young adults living at home above even the peak reached during the COVID-19 pandemic.
National News
The Great American Housing Shortage Is Finally Forcing a Search for Solutions
WILL PARKER, Wall Street Journal (Subscription)
It has taken many years to come to a consensus, but today few disagree: America simply doesn’t have enough housing. Too few new homes is one of the reasons home prices have outpaced incomes and general inflation. There are solutions—but they all could produce both winners and losers.
For New Home Buyers: Longer Commute Times
JOYCE COHEN, New York Times (Subscription)
New homes — defined as those constructed in 2020 and later — are typically built farther from cities and job hubs. And those who buy them spend nearly 31 minutes on their one-way driving commute — 12 percent more time than the average homeowner, according to a report by John Burns Research & Consulting, a firm that examines home-building trends.
Nearly 3 in 4 rental listings are considered affordable, the highest for May in years
KARA NG, Zillow Research
In May, 74% of rental listings were affordable to a median-income household, the highest share for the month since at least 2021 as a record wave of apartment construction continues to ripple through the market.
California News
Following bruising legal battle and fines, Huntington Beach approves long overdue housing plan
CLAIRE WANG, Orange County Register (Subscription)
Facing at least $170,000 in court-approved fines for violating state mandates, Huntington Beach city leaders adopted a required housing element to accommodate the construction of more than 13,000 units — which will need to be updated again in three years.
California settlement forces MV Realty to void homeowner contracts
JONATHAN DELOZIER, HousingWire (Subscription)
California officials have reached a sweeping settlement with Florida-based MV Realty — requiring the real estate company to void homeowner agreements, remove liens from properties and pay out millions of dollars.
Industry News
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Real Estate Technology
How should MLSs, portals address AI-enhanced listing photos?
LILLIAN DICKERSON, Real Estate News
Based on a recent study conducted by real estate team growth platform Coraly, nearly 11% of roughly 40,000 primary listing photographs (cover images and main gallery photos) drawn from Zillow, Redfin, Realtor.com and Homes.com during the the first quarter of 2026 showed evidence of being digitally altered.
Property News
For Sale: A 7-Story Basket
DANIELA GORNY, New York Times (Subscription)
The kitschy building, designed as the Longaberger basket company’s headquarters, has been a roadside attraction in Ohio for almost 30 years.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
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