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, November 4, 2026
Top Stories
California housing bonds: Voters pass Prop. 37, Prop. 1
BEN CHRISTOPHER, Cal Matters
Prop. 1 would give the state permission to borrow a record-breaking $11.25 billion, with the lion’s share going toward the construction of affordable housing for low-income renters and homeless Californians. Prop. 37 is a first-of-its-kind revenue bond that would have the state borrow as much as $25 billion from private investors and lend that money to qualifying homebuyers to help cover the bulk of their down payments.
Prop. 45 trailing in early returns; Measure would reshape landmark state environmental law
ALEJANDRA REYES-VELARDE, Cal Matters
As of early Wednesday, Prop. 45, which would change the state’s landmark environmental review law by setting deadlines for environmental reviews and related lawsuits on certain projects, was losing 54 percent to 46 percent.
National News
October 2026 Monthly Housing Trends: Buyers and Sellers Hit Pause as Rates Surge
JAKE KRIMMEL, Realtor.com
The October Realtor.com® data show a market where almost everyone has pressed pause for now. Buyers on the sidelines are staying there, and sellers – whether they’re on or off market – are disengaging as well.
Mortgage rates drop for the third straight week, but homebuyers are still leaving the market
DIANA OLICK, CNBC
After a brief bounce the week before, mortgage demand continued its slide last week, despite falling mortgage rates. Total application volume dropped 1.2% week to week, according to the Mortgage Bankers Association’s seasonally adjusted index.
New York City’s Proposed 9.5% Real Estate Tax Hike Hits A National Nerve
KELLY PHILLIPS ERB, Forbes (Subscription)
The proposed hike has raised eyebrows across the country, not just in New York City. Property taxes have long been a political land mine because of their impact on household finances—including on your federal income tax return.
California News
Southern California rent hikes are moderating, by CPI math
JONATHAN LANSNER, The Orange County Register (Subscription)
The good news is these CPI rent-index hikes are smaller than what local tenants saw last year. A wobbly economy and a construction boom forced numerous landlords to compete to fill units.
Financing helps launch development of apartment complex in East Oakland
GEORGE AVALOS, The Mercury News (Subscription)
A development of more than 100 affordable apartments has gotten underway in East Oakland after a series of real estate deals were completed to enable the financing of the residential project.
Industry News
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Real Estate Technology
Unlicensed AI bots are closing real estate deals, industry leader warns
NICK PIPITONE, Inman (Subscription)
While OpenAI alerts more than 100 organizations about AI “misaligned agent activity,” AI bots are closing real estate deals without licensed agents, primarily in rural, non-primary markets.
Property News
Inside the Bay Area affordable housing project that went ‘very wrong’ for owners
RICHARD HALSTEAD, The Mercury News (Subscription)
The Barends said they have dealt with a panoply of problems with the house and received insufficient help from the Bolinas trust and Habitat for Humanity in addressing the issues. The couple said all four homes sustained water damage and toxic mold because of leaks.
U.S. Industrial Developers Break Ground at Fastest Pace in Years
MICHAEL GERRITY, World Property Journal
U.S. developers have started 274.4 million square feet of industrial projects through the first three quarters of 2026, putting the year on track to be one of the busiest for groundbreakings since the 2022 peak.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
Environmental hazards and annoyances
AMY PLATERO, firsttuesday Journal
Learn to identify man-made environmental hazards located on and off a property and how to advise clients on the effect environmental hazards have on the value and desirability of a property and disclose environmental hazards to prospective buyers.
