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, October 16, 2026
Top Stories
Attempted murder investigation exposes Southern California real estate fraud
JOSH DuBOSE, KTLA5
Four people have been arrested in connection with an attempted murder investigation in Riverside County that uncovered an alleged real estate fraud scheme involving multiple victims, including elderly and deceased individuals, authorities announced.
Fed Interest Rate Hike Seems More Likely This Month After Alarming Inflation Data
KEITH GRIFFITH, Realtor.com
New inflation data released on Wednesday is raising the odds of a Federal Reserve interest rate hike later this month, potentially putting a spotlight on rising mortgage rates ahead of the midterm elections.
Mortgage Bankers Release Plan to Lower Borrowing Costs for Homebuyers
TRISTAN NAVERA, Realtor.com
During MBA's annual convention in Chicago, the trade group released a wide-ranging roadmap to improving housing affordability, including reforms to credit scoring to lower the costs of a mortgage, new rules around loan programs, and new financing mechanisms to build affordable housing.
National News
The Immigration Crackdown Is Making It Much Harder to Build Houses
NICHOLAS G. MILLER, The Wall Street Journal (Subscription)
A summer surge in federal immigration raids is hitting the housing market, pushing up labor costs and freezing home-building projects.
Average long-term US mortgage rate holds at 7.4%, remaining at highest level in nearly 3 years
ALEX VEIGA, San Diego Union-Tribune (Subscription)
Mortgage rates held steady this week, keeping the average long-term U.S. home loan rate at its highest level in nearly three years.
Building Material Price Inflation Nears Four Year High
JESSE WADE, National Association of Home Builders
The Producer Price Index for final demand was up 1.3% in September, after rising 0.5% in August. Compared to a year ago, final demand prices were up 6.3%.
Fannie Mae sharply raises mortgage rate forecast for 2027
DIANA OLICK, CNBC
Economists at Fannie Mae are now predicting much higher mortgage rates through the end of 2026 and into 2027. It now puts the average rate on the 30-year fixed at 7.4% for the fourth quarter of this year and 7.5% through all of 2027.
Asking prices fall for first time since March as rates hit 7.4%
LIEZEL ONCE, Mortgage Professional America
US home sellers are cutting prices at a record rate as the mortgage market confronts demand near historic lows
California News
There’s a $11.25 billion housing bond on the ballot this November. Here’s what you should know
MARISSA KENDALL, CalMatters
If it passes, Prop. 1 would allow the state to sell $11.25 billion in general obligation bonds to fund various types of housing, including homes for veterans, homeless Californians, renters, homeowners, farmworkers, students and tribes.
Industry News
No stories today
Real Estate Technology
AI is ready to act. Real estate brokerages decide where it stops
RYAN PERSAN, Inman (Subscription)
The important question is no longer simply, What can AI do? It is: What should AI be allowed to do without us?
Property News
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In Case You Missed It
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Resources, Webinars, and Other Items of Interest
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