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 17, 2026
Top Stories
Senate and House seal deal on landmark housing affordability bill
LIEZEL ONCE, Mortgage Professional America
Congress moved closer Tuesday to passing the 21st Century ROAD to Housing Act (ROAD Act) — short for Renewing Opportunity in the American Dream. The bill caps large institutional investors — defined as entities with investment control over 350 or more single-family homes — from purchasing additional properties. Investors may still build homes for rent, but the updated text drops the Senate's original mandatory seven-year resale requirement.
Foreclosure Filings Rise 14% Annually As Florida Posts Nation's Highest Rate
CZARINNA ANDRES, National Mortgage Professional
Foreclosure activity declined from April levels but remained significantly higher than a year ago in May, continuing what housing data firm ATTOM describes as a broader normalization trend in the U.S. housing market. Nationally, one in every 3,562 housing units had a foreclosure filing during the month.
National News
Pending home sales rise in May across all U.S. regions
JOATHAN DELOZIER, HousingWire (Subscription)
Pending home sales increased in May, posting gains from both the previous month and a year earlier as contract activity strengthened across all four major U.S. regions, according to data released Wednesday by the National Association of Realtors (NAR).
NAR revises down home sale, mortgage rate forecasts — again
ANDREA V BRAMBILA, Real Estate News
The National Association of Realtors' chief economist, Lawrence Yun, once again adjusted down his forecast for the national housing market as persistently elevated mortgage rates refused to cooperate with expectations. Yun similarly downgraded his 2025 forecast one year ago due to stubbornly high mortgage rates.
Starter Homes That Cost $1M Have Spread to More Than Half of States
KARA NG, Zillow Research
The pandemic reset the cost of buying a home, spreading million-dollar starter homes from a handful of coastal states to more than two dozen across the country. Now, a record 242 cities across 26 states have starter homes valued at $1 million or more.
California News
Real estate firms eye 400-plus homes at San Jose office building site
GEORGE AVALOS, San Jose Mercury News (Subscription)
SummerHill Homes and Cypress Equity Investments are planning to build a 446-unit mixed-density residential community at 3550 N. First St. in San Jose, said Kevin Ebrahimi, senior vice president of development with SummerHill. “The apartment component will be 100% affordable housing, serving a range of income levels with an average affordability target of 60% of the area median income,” Ebrahimi said.
One of S.F.’s most troubled and delayed megaprojects is ready to break ground
J.K. DINEEN, San Francisco Chronicle (Subscription)
The redevelopment of Candlestick Point is finally getting unstuck. A dozen years after the San Francisco 49ers relocated to Santa Clara and the 60,000-seat stadium was demolished, developer FivePoint is set to start construction this summer on the streets and sidewalks and utilities that will pave the way for the first phase of housing development.
Judge guts industry challenge to zombie seconds law
ANDREW MARTINEZ, National Mortgage News
Mortgage stakeholders in California say they have few options to contest a new state law regarding zombie seconds, after a federal judge quashed their legal challenge this month. Under AB130, a current servicer must certify that neither it nor previous lienholders engaged in prohibited activities before initiating a foreclosure. That prohibited activity ranges across failures to communicate with the borrower.
Industry News
Bed Bath & Beyond Is Buying A Mortgage Company
CZARINNA ANDRES, National Mortgage Professional
Bed Bath & Beyond is best known for helping consumers outfit their homes. Now, the company is making a bigger bet on helping them buy and finance them. The retailer announced plans to acquire Fathom Holdings Inc., a technology-driven real estate services platform with operations spanning residential brokerage, mortgage, title, insurance, and software.
Real Estate Technology
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Property News
Pick Your Favorite $1.875 Million Home in Wisconsin, Massachusetts or Washington
ANGELA SERRATORE, New York Times (Subscription)
A converted firehouse in Milwaukee, an 19th-century house in Salem, Mass., and a house with water and mountain views on Bainbridge Island, Wash.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
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