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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Tuesday, December 2, 2025
Top Stories
MBA lays out proposed changes for federal reverse mortgage programs
FLAVIA FURLAN NUNES, HousingWire (Subscription)
The Mortgage Bankers Association (MBA)’s proposals to reform federal reverse mortgage programs include seven key recommendations — ranging from the creation of a new securitization option to charging insurance premiums based on the actual amount drawn.
December housing data provides early signals for 2026 market
LOGAN MOHTASHAMI, HousingWire (Subscription)
December housing data, including purchase applications, will offer early insight into 2026 market trends. Inventory levels are stabilizing and tracking these metrics can help forecast next year’s housing outlook.
National News
Apartment rents drop further, with vacancies at record high
DIANA OLICK, CNBC
A slew of new supply is still making its way through the multifamily housing market. That, coupled with weakening demand, especially from the youngest workers, is pushing vacancies up and rents down.
U.S. office rents inch up in October
MARY DIDUCH, The Real Deal (Subscription)
The national average listing rate for rent in October was $32.81 per square foot, up 0.1 percent year over year, according to a market report from commercial real estate data firm Yardi Matrix.
California News
California October Home Sales Hit 8 Month High, Prices Decline Annually
MICHAEL GERRITY, World Property Journal
The increase pushed the statewide pace of single-family home transactions to its highest level since February 2025, highlighting ongoing resilience in the face of mortgage rate volatility and economic uncertainty.
State lawmakers targeted a Santa Barbara development. Then came the fallout
DAKOTA SMITH, JACK FLEMMING, Los Angeles Times (Subscription)
The saga illuminates Sacramento’s expanding role in local housing decisions amid tensions between state mandates for development and wealthy communities’ opposition.
‘Affordability is the biggest constraint’: San Diego home prices fall for 4th month
PHILIP MOLNAR, San Diego Union-Tribune (Subscription)
The San Diego metropolitan area’s home price decreased 0.85% annually in September, said the recent S&P Cotality Case-Shiller Indices report. That puts the region at No. 15 in the 19-city index (Detroit was missing in this report because of local recording issues).
Industry News
Cost To Make A Mortgage: $11,800 Per Loan
LEW SICHELMAN, National Mortgage Professional
Freddie Mac reports that mortgage production costs remain high despite modest quarterly improvement, with lenders seeing higher per-loan income but relying on Loan Product Advisor tools to offset rising expenses
Real Estate Technology
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Property News
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In Case You Missed It
Bay Area’s ultra-wealthy keep buying homes in this beach town — despite doomsday forecast
TARA DUGGAN, San Francisco Chronicle (Subscription)
Stinson Beach, beloved for its long strip of white sand and seaside cottages, was just named one of the nation’s most expensive markets for homebuyers. It may not last forever, however, as climate change is due to bring the surf ever higher, claiming more of the beach with each decade.
Resources, Webinars, and Other Items of Interest
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