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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Thursday, November 6, 2025
Top Stories
Builders Are Offering Mortgage-Rate Discounts. Home Buyers Aren’t Biting.
CAROL RYAN, The Wall Street Journal (Subscription)
America’s biggest builders are struggling to sell homes even when they offer buyers a 4% mortgage. Their experience suggests rate cuts alone won’t be enough to boost weak sales in the wider housing market.
National News
America's first-time homebuyers are disappearing
JAMES RODRIGUEZ, Business Insider
By the time she turned 40, Suzie Payne had resigned herself to the fact that she would never be able to buy a home. While her friends spent their 30s checking off that prized milestone — often with help from their parents — Payne struggled to save money while raising a daughter on her own. Home prices in Portland, Oregon, where she lived, felt out of reach long before the pandemic hit.
California News
San Jose’s housing market is a California standout
RACHEL BADER, HousingWire
San Jose's housing market remains robust with a tight supply of 1.1 months and high prices near $1,000 per square foot. Despite California's cooling market, San Jose maintains seller leverage and premium pricing, with median days on market expanding slightly.
Third quarter California housing affordability report
CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)
Cooling market competition and an increase in available housing helped moderate home prices and allowed more Californians to buy homes in the third quarter of 2025, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Seventeen percent of the state’s homebuyers could afford to purchase a median-priced, existing single-family home in California in third-quarter 2025, up from 15 percent in the second quarter of 2025 and up from 16 percent in the third quarter of 2024, according to C.A.R.’s Traditional Housing Affordability Index (HAI). Housing affordability in California stayed near its all-time low and continued to be a challenge for both buyers and sellers.
Placer County Board of Supervisors approve two affordable housing agreements to expand local housing options
PLACER COUNTY COMMUNICATIONS AND PUBLIC INFORMATION
The project includes 167 income-restricted units and one manager’s unit, with affordability levels ranging from extremely-low to low-income. The agreement formalizes a 55-year affordability term and sets requirements for tenant eligibility, rent restrictions, construction milestones, marketing, and ongoing compliance oversight.
California’s top premium markets show divergent trends
RACHEL BADER, HousingWire
California's premium housing markets display mixed trends, with price per square foot ranging from $706 to $989. Despite high prices, selling speeds and market conditions vary, reflecting local supply-demand dynamics.
California is Failing in Affordability and Homebuilding: Can Governor Newsom Change That?
REALTOR.COM TEAM, Realtor.com
California’s housing market remains one of the most challenging in the nation. The state earned an F on Realtor.com® State-by-State Housing Report Card, part of the Let America Build campaign that measures how effectively states are balancing affordability and construction. In all fairness, California has been plagued by many unique obstacles, particularly in the past year and the devastating wildfires, but even before those events, the state struggled with housing.
Industry News
How Housing Became the Front Line of the K-Shaped Economy
ALLAIRE CONTE, Realtor.com
America’s housing market has split in two: High-earning buyers and sellers still have choices and leverage, while everyone else faces shrinking options and rising costs. It’s a divide that mirrors the broader K-shaped economy defining 2025.
Real Estate Technology
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Property News
A big update on the future of SF Union Square retail giant
KASIA PAWLWSKA, SF Gate
After years of speculation, there is finally some clarity about the uncertain future of Macy’s Union Square. On Tuesday, the retail giant announced a partnership with TMG Partners, a large Bay Area real estate firm, that would “explore the future potential” of the historic building.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
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