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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Friday, March 13, 2026
Top Stories
Senate passes sweeping housing package in 89–10 vote
FLAVIA FURLAN NUNES, HousingWire (Subscription)
The Senate passed the 21st Century ROAD to Housing Act 89-10, combining House and Senate housing proposals into a broad supply and affordability package. MBA, CHLA and NHC praised core provisions but urged revisions to BTR disposition rules, FHA multifamily loan limit language and a 30-day delinquency counseling mandate.
‘High oil prices are not good for mortgage rates,’ economist says. What homebuyers should know
SARAH AGOSTINO, CNBC
Potential homebuyers who’ve been looking forward to the spring selling season may be watching with trepidation as interest rates on mortgages tick higher. As of Thursday, the average rate for a 30-year fixed-rate mortgage with a conforming loan balance — that is, $832,750 or less — was 6.35%, according to Mortgage News Daily. About two weeks earlier, ahead of the U.S. and Israel launching military strikes against Iran, it was 5.99%.
National News
More people are using retirement savings to fund down payments
ALEX VIEGA, San Diego Union-Tribune (Subscription)
Most 401(k) and similar retirement savings plans like Individual Retirement Accounts (IRAs) allow homebuyers to withdraw or borrow a limited portion of their nest egg for making a cash payment toward the final purchase price, but there can be hefty tax penalties and other short- and long-term financial impacts to consider.
Here’s How To Deliver The Starter Homes That We Need Now
JENNIFER CASTENSON, Forbes
Starter homes have a lot of meaning in the U.S. from a legacy and cultural standpoint. When a person or a couple get their first home, it’s a step into freedom, an entry into “the American Dream,” and a new responsibility that grants freedom while it also embodies a commitment to be part of a community, a part of society. Not only does it signify these intangible realities, but it also has long term financial implications.
Midwest housing markets surge as demand absorbs homes faster than new listings
RACHEL BADER, HousingWire (Subscription)
Demand is strengthening heading into the spring housing market as buyers absorb homes faster than sellers are listing them. Midwest markets are leading the surge.
California News
Federal judge sides with San Diego affordable housing law
KELLY DAVIS, San Diego Union-Tribune (Subscription)
A federal judge has dismissed a lawsuit challenging a longstanding San Diego law that has helped fund thousands of units of affordable housing, a decision advocates hope will deter future legal challenges. The lawsuit, filed by the developers of a proposed 1,642-unit project in Kearny Mesa, sought to exempt the development from complying with San Diego’s inclusionary housing ordinance.
Bay Area city's skyline set for major change as 23-story tower breaks ground
KASIA PAWLOSWSKA, SFGate
Construction is officially underway on UC Berkeley’s most ambitious student housing project in recent memory, and one that will permanently reshape the city’s skyline. The Bancroft-Fulton Residence Hall, a 23-story high-rise at the corner of Bancroft Way and Fulton Street, is set to become the tallest building in Berkeley. It surpasses a 55-year-old office building — though is still shorter than the iconic Campanile — according to SF YIMBY, which first reported on the update.
Industry News
Hoby Hanna says seller choice isn't an 'all or nothing' game
MARIAN MCPHERSON, Inman (Subscription)
HannaList — which the brokerage prefers to call a strategic listing launch model rather than a private listing network — enables Howard Hanna listing agents and their clients to share listings with Howard Hanna buyer agents before wider distribution through the multiple listing service (MLS) system. The firm said the platform was created in collaboration with its MLS partners and aligns with current listing policies, including Clear Cooperation.
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