DRE in the News

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.

Copyright © , California Department of Real Estate

Links to web sites do not constitute an endorsement from The California Department of Real Estate. These links are provided as an information service only. It is the responsibility of the user to evaluate the content and usefulness of information obtained from these sites. DRE does not provide full text articles - user must access expired articles via newspaper archives online or local public library.

Thursday, June 11, 2026

National News

U.S. Home Sales Climb to Five-Month High in May

World Property Journal
The U.S. housing market gained some momentum in May 2026, with existing-home sales rising to their strongest pace since the start of the year as improving affordability, steady wage growth, and moderating mortgage costs encouraged more buyers to reenter the market.

Residential Building Material Prices Rise at Highest Rate In Over Three Years

JESSE WADE, Eye on Housing
Wholesale prices of goods used in residential construction rose in May as energy prices continued to climb. In May, residential building material prices, excluding energy, rose at their highest yearly rate since January 2023, as prices were up 4.4% from a year ago and up 0.7% over the month. Meanwhile, prices for services rose 4.7% over the year, but were unchanged from the previous month.

Build-To-Rent Expected To Benefit From Rewritten Bill

JEFFREY STEELE, Forbes
Build-to-rent (BTR) single-family homes have emerged as an appealing alternative to rental apartments and for-purchase single-family homes in recent years, proving very popular with families preparing for the American Dream journey. The BTR sector’s continued growth is seen as one necessary response to what the White House Council on Economic Advisors reports is a daunting 10-million-home shortage across the land.

California News

VA promise of 800 new homes on West L.A. campus this year shrinks to 260

DOUG SMITH, Los Angeles Times (Subscription)
Five months after promising up to 800 units of new temporary housing on its West Los Angeles campus by this fall, the U.S. Department of Veterans Affairs is calling for bids to build fewer than a third of that number with a delivery date seven months later.

Industry News

No stories today

Real Estate Technology

1 in 2 home shoppers open to buying without human help

DAVE GALLAGHER, Real Estate News
A new report suggests homebuyers are becoming more trusting of artificial intelligence when it is used to help guide them through the home transaction process. Despite increasing consumer trust, the survey suggests that complete consumer faith in AI may still be a long way away. Even with the large share of home shoppers who indicated an openness to buying a home without direct human involvement, only 25% were "very comfortable" with the idea.

Property News

100-Year-Old Glamour for Sale in the Hollywood Hills

LINDA LABAN, New Yorkl Times (Subscription)
The actors Rudolph Valentino and Pola Negri were among Hollywood’s sultriest screen idols in the early 1920s. He was a silent film era legend and she quickly rose to become one of the highest paid actresses of the day. They were also real life lovers, and their rumored Los Angeles love nest is back on the market.

In Case You Missed It

Did Newsom’s $3.8 billion hotels-to-housing program pay off? We filed 100 records requests to find out

LAURENHELPER, MARISA KENDALL, CalMatters
Launched by Gov. Gavin Newsom in the summer of 2020, Homekey awarded more than $3.8 billion to local governments to convert motels and other buildings into homeless housing, thrusting many local governments into a new role running multimillion-dollar real estate projects.

Resources, Webinars, and Other Items of Interest