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, October 28, 2026
Top Stories
Oren and Tal Alexander sentenced to 30 years for sex trafficking
LILLIAN DICKERSON, Real Estate News (Subscription)
Former luxury brokers Oren and Tal Alexander, along with their brother Alon, an ex-security firm executive, were sentenced to 30 years in prison by Judge Valerie E. Caproni on Oct. 27 for running a sex trafficking scheme that allegedly spanned more than a decade and impacted dozens of victims, including minors.
National News
Home Buyers Who Enjoyed Cheap Adjustable Mortgages Are Now Getting a Nasty Shock
NICHOLAS G. MILLER, The Wall Street Journal (Subscription)
Payments could rise sharply for tens of thousands of homeowners who financed with ARMs when rates were historically low
Cheaper manufactured homes could be having a moment, if only states can catch up
TRIBUNE NEWS SERVICE, The Orange County Register (Subscription)
For decades, manufactured home builders have been working to shed the old image of boxy trailer homes reserved for the outskirts of cities and suburbia. Now, a small change in federal regulations could open the door for architecture welcomed in more neighborhoods.
Young Homebuying Falls 15%, But Purchases With Older Co-Borrowers Hold Steady
NATIONAL MORTGAGE PROFESSIONAL, National Mortgage Professional
Under-35 purchase originations have fallen 15% since 2018, while purchases involving older co-applicants increased approximately 3%.
California News
Proposition 45 would sideline dozens of tribes from input on major California projects
NOAH HAGGERTY, Los Angeles Times (Subscription)
Buried in the language of Proposition 45, the initiative that would overhaul California’s powerful law on environmental review, are provisions that would mean government agencies have to consult only with certain tribes in the state, and not others when they develop major projects.
Inside California’s unlikely new boomtown where homes sell for under $500K — as people flee overpriced city life in droves
KATIE JERKOVICH, Yahoo!News
Fresno is now the best place in the Golden State to start a business, a new study found, with cheap land, fast-tracked building rules and a $9 billion farm economy luring companies and coastal refugees alike.
Industry News
Zillow Home Loans launches FHA down payment assistance loan
HOUSINGWIRE AUTOMATION, HousingWire
Zillow Home Loans launched a down payment assistance program for FHA borrowers in 43 states and Washington, D.C. It offers a second loan of up to 3.5% of the purchase price that is forgiven after five years if the borrower remains an owner-occupant and makes on-time payments.
Real Estate Technology
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Property News
Luxury homes outpace starter homes in most top US markets
ROD BOLIVAR, Mortgage Professional America
Price growth for higher-end homes outpaced starter-home growth in roughly 70% of the top markets tracked by First American Data & Analytics in September.
Tiny Lake Havasu City has become a hotspot for Calif.'s millionaire renters
TESS MCLEAN, SF Gate (Subscription)
A popular vacation spot for Southern Californians, Lake Havasu City had 226 millionaire renter households in 2024. In 2020, it had zero.
In Case You Missed It
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