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, June 24, 2026
Top Stories
Governor Newsom awards $38.2 million to help tribes expand housing and homelessness solutions
Office of Governor Gavin Newsom
SACRAMENTO – Governor Gavin Newsom today announced awards totaling nearly $38.2 million to support California Native American communities in funding housing and homelessness solutions that meet their communities’ unique needs. Sixty-eight federally recognized tribes were awarded a total of $28.5 million through Round 4 of the California Department of Housing and Community Development (HCD) Tribal Homeless Housing, Assistance and Prevention Program (Tribal HHAP). The program provides flexible funding to implement unique, culturally responsive interventions to help tribal governments prevent and end homelessness within their communities.
National News
Trump renews push to shift homelessness funding. What’s at stake
MARISA KENDALL, CalMatters
The Trump administration is renewing its push to change the way it funds homeless shelters and housing in California and other states, and several agencies say it could disrupt their services.
It tried last year to move federal homelessness funds away from permanent housing and into temporary housing that requires sobriety. That move, which goes against the existing “housing first” policy favoring a no-strings-attached approach to housing, was blocked by a federal judge.
Trump cancels bipartisan housing bill signing, reiterates demand for SAVE America Act
KAIA HUBBARD, KATHRYN WATSON, CAITLIN YILEK, & MARY CUNNINGHAM, CBS News
Washington — President Trump canceled a planned signing ceremony on Wednesday for a landmark housing affordability bill that passed Congress by wide bipartisan margins, saying he will not sign the legislation into law until lawmakers pass an elections bill known as the SAVE America Act. Mr. Trump was set to sign the bill, known as the 21st Century ROAD to Housing Act, during an event at the Capitol. The measure, the most comprehensive housing legislation in decades, aims to increase housing supply and bring down costs, including by limiting institutional investors from purchasing certain single-family homes.
California News
California extended a lifeline to some of its aging mobile home parks. What happened next?
BEN CHRISTOPHER, CalMatters
The roads used to flood at Shady Lane Estates whenever it rained.
Water pooled on the mostly-dirt roads that ran through the mobile home park, combining with the waste of constantly backed-up septic tanks. Early on those wet mornings, parents would pack their kids into cars and ferry them through the noxious slurry to the front gate to catch the school bus. Summer days weren’t much better.
Afternoon temperatures regularly exceed 110 degrees in unincorporated Coachella Valley. The park’s antique electrical system regularly failed, knocking out AC units and turning the decades-old, poorly-insulated mobile homes into family-sized kilns. Rubi Castro, a mother of four, remembers placing her small children in large buckets of cold water until the power lurched back on.
What California’s Next Governor Needs to Know about Housing
Public Policy Institute of California
is no secret that California has a housing problem. Home values are more than twice the national median ($776k vs $370k), rents run about 40% higher, homeownership is the second lowest in the nation, and housing has become a dominant reason people leave the state. Two of every three Californians say the cost of housing is a “big problem” in their part of California, according to the PPIC Statewide Survey.
The problem is stubborn because no single lever controls it: demand is powered by a high-wage economy and amenities that keep people wanting to live here; supply is constrained by high land, labor, and financing costs; land use decisions are spread across hundreds of cities and counties; and the vast majority of housing is built by a private sector that responds to financial feasibility more than policy goals.
Industry News
California real estate’s new status symbol is one you won’t even notice
TESSA MCLEAN, SFGATE
In the recently built Dixon Trail neighborhood in Escondido, just 30 miles north of San Diego, a cluster of 64 homes line new streets and cul de sacs. The colored stucco structures sit behind wide driveways and minimally planted front yards. Exterior features like shutters, windows and fencing look indistinguishable from most any suburban neighborhood in California. It’s just another example of little boxes made of ticky-tacky that all look just the same. The new community borders more than 800 acres of preserved open space, a once coveted amenity guaranteeing distance from neighboring houses and reduced noise. While the steep slopes cloaked in heavy brush might make for nice views, after a decade defined by wildfire in California, the panorama could be a harbinger for disaster.
But this is no ordinary California neighborhood — if you know what to look for. Each home has a 5-foot noncombustible perimeter, and its windows are dual-paned tempered glass. The roof tiles are concrete and the fencing is metal, even where it might masquerade as wood.
Real Estate Technology
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Property News
Laguna Beach mansion sells for $110 million, shattering O.C. price record
JACK FLEMMING, Los Angeles Times
An oceanfront home in the Laguna Beach enclave of Emerald Bay has quietly sold for $110 million, the highest price in Orange County history.
It’s a market-shattering deal — one that redefines what a house can sell for in Orange County, which features a higher median home price than L.A. County but has never quite reached the dizzying nine-figure numbers of communities such as Beverly Hills or Malibu. The previous high belonged to another Laguna Beach property that traded hands for $70 million in 2021.
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