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
|
Monday, 12/23/2024
Top Stories
Six years after the Camp Fire, Paradise is rebuilding. Is the town insurable?
MEGAN FAN MUNCE, San Francisco Chronicle (Subscription)
Rebuilding a town where 90% of the homes burned down is a daunting task. But it’s an opportunity for a radical experiment that all of California has a stake in: Is it possible to build a fire-safe town in the footprint of the worst wildfire in state history – and get its residents insured?
New law could help tenants facing eviction stay in their homes
FELICIA MELLO, CalMatters
Tenant advocates suffered a big defeat this fall when California voters decided against expanding cities’ ability to limit rent increases. But a state law set to take effect Jan. 1 will give renters facing eviction a little more breathing room.
National News
Investor purchases are sinking with the housing market at large
JEFF ANDREWS, HousingWire (Subscription)
Home sales in 2024 have been well below historic norms. Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year.
California News
An ‘ultra expensive” Bay Area city was just named Zillow’s most popular market in California
AMANDA BARTLETT, SFGate
A tech hub in the heart of Silicon Valley was just named Zillow’s most popular California market of 2024, also becoming the only place on the West Coast to secure a top-10 spot in the real estate marketplace’s list of most sought-after cities across the United States.
Industry News
Common leases often involve tough negotiations, pitfalls to avoid
ALLEN BUCHANAN, Orange County Register (Subscription)
We are embroiled in a lease negotiation currently. Discussions can vary on the size of the building being leased, the complexity of the terms, and the sophistication of the parties. Sometimes known as the “second negotiation,” the process can be mind-numbing.
FHFA finalizes new housing goals for Fannie Mae, Freddie Mac
CHRIS CLOW, HousingWire
The Federal Housing Finance Agency (FHFA) this week announced a new final rule establishing affordable housing goals for the loan purchases of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from 2025 through 2027. The goals, originally proposed in August, are largely unchanged from the initial draft. They are designed to “support equitable housing access for low-income families and families in low-income areas,” according to an announcement.
How the Federal Reserve’s rate policy affects mortgages
CARLOS WATERS, CNBC
Mortgage rates can be influenced by Fed policy. But the rates are more closely tied to long-term borrowing rates for government debt. The 10-year Treasury note yield has been increasing in recent months as investors consider more expansionary fiscal policies that may come from Washington in 2025. This, combined with signals sent from the market for mortgage-backed securities, determine the rates issued within new mortgages.
Real Estate Technology
No stories today
Property News
No stories today
In Case You Missed It
California population jumps to near pre-pandemic levels
HARRIET ROWAN, Bay Area News Group (Subscription)
California’s population grew this year by nearly a quarter of a million residents, closing in on record-high population levels the Golden State reached before the pandemic, the US Census Bureau reported Thursday. Data showed the state is growing more slowly than the country as a whole and other large states in the South.
Resources, Webinars, and Other Items of Interest
No stories today
