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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Monday, June 29, 2026
Top Stories
Homebuyer Migration Hits Record Amid Affordability Pressures
CZARINNA ANDRES, National Mortgage Professional
A record share of U.S. homebuyers searched for homes outside their local metro area during the first quarter, highlighting how affordability pressures continue to reshape housing demand even as overall home sales remain sluggish.
Home listings drop 1.7% to lowest level since February
MAV RODRIGUEZ, Mortgage Professional America
New listings of homes for sale fell 1.7% from the previous week during the week ending June 21, reaching their lowest level since February, according to Redfin. The total number of homes for sale also dipped 0.4% week over week. Both figures are seasonally adjusted.
National News
Washington State Tried to Make Up for Redlining. Then It Was Sued.
SUSAN SHAIN, New York Times (Subscription)
Growing up, Tiara Cato never got to choose the color of her room. That is, until she heard about Washington’s Covenant Homeownership Program, the state’s groundbreaking attempt to make up for a history of racially discriminatory real estate practices.
More Homebuyers Ready To Purchase Despite High Mortgage Rates: Bank Of America
CZARINNA ANDRES, National Mortgage Professional
For the first time since 2023, a majority of consumers say it's better to buy a home than rent or live with family, according to Bank of America's 2026 Homebuyer Insights Report. The findings suggest attitudes toward homeownership are improving even as affordability remains the biggest challenge facing prospective buyers.
California News
San Jose school district weighs buying downtown tower for employee housing
GEORGE AVALOS, San Jose Mercury News (Subscription)
The possible purchase by San Jose Unified School District involves the eastern tower at 188 W. St. James St., a long-vacant residential high-rise, according to a document prepared for a recent school board meeting. The 337 condos would represent enough housing for about 1 in 8 district workers, assuming one unit per employee, though the district has not said which employees would qualify or how much they would pay in rent.
SpaceX IPO sparks race for luxury housing in Southern California
ROGER VINCENT, LILY WRIGHT, LAURENCE DARMIENTO, Los Angeles Times (Subscription)
With SpaceX’s historic initial public offering minting a small army of new millionaires overnight, the Southern California housing market is bracing for a big wave of buyers looking to upgrade their digs or perhaps snag a second home, potentially driving up prices in some in-demand neighborhoods.
Industry News
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Real Estate Technology
AI roundup: 16 mortgage tech updates lenders should know
COLIN MCNAMARA, National Mortgage News
This month, multiple companies in the mortgage industry leveraged AI to increase efficiency, integrated with other companies and consolidated processes to improve borrower experience. Pennymac partnered with Amazon Web Services on AI voice agents and Intercontinental Exchange is joining a high-profile Anthropic initiative to bolster cybersecurity.
Europe just connected real estate listings directly to ChatGPT, Claude
TROY PAMPQUIST, Inman (Subscription)
As the buyer journey moves away from owned channels like brokerage websites and online portals, AI search becomes more important. AI search engines and agents are looking for property data that is unified, structured and accessible.
Property News
A 'mountain speakeasy' is the heart of this private Sierra Nevada compound
JULIE BROWN DAVIS, SFGate
A little-known, private compound is tucked away in the slabs of granite and forested mountains that step up toward the Sierra Nevada crest. Its 22 acres hug the banks of the Yuba River, where the water eddies and makes for idyllic swimming holes. In the deep of winter, the property is entirely snowed in, and the only way to get there is by snowmobile or snowcat.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
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