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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Friday, September 4, 2026
Top Stories
HUD sets one-year statute of limitations on fair housing construction violations
FLAFVIA FURLAN NUNES, HousingWire (Subscription)
HUD established a strict one-year statute of limitations for Fair Housing Act design and construction violations. The new guidance rescinds a 2013 joint HUD-DOJ policy that exposed builders and subsequent owners to indefinite liability.
Average rate on a 30-year mortgage climbs to highest level in 13 months
ALEX VIEGA, San Diego Union (Subscription)
Mortgage rates rose again this week, driving the average long-term U.S. home loan rate to its highest level in more than a year. The benchmark 30-year fixed rate mortgage rate rose 6.71% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.50%.
National News
U.S. Homebuilding Shifts Away From Major Metro Cores
MONSEF RACHID, World Property Journal
U.S. homebuilding continued to weaken across much of the country in the second quarter, with high financing costs, expensive construction materials and economic uncertainty weighing particularly heavily on single-family development.
Florida broker gets 30 months for fabricating client income
LIEZEL ONCE, Mortgage Professional America
A Florida mortgage professional has been sentenced to 30 months in federal prison after pleading guilty to bank fraud, following an investigation that found he fabricated income documents and manipulated financial records to push unqualified borrowers into mortgage loans backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA).
Investor share slips to 27% of single-family purchases, Cotality says
SARAH WOLAK, HousingWire (Subscription)
Cotality found investors made 27% of U.S. single-family purchases from March through June 2026. Total investor volume fell to about 273,000 in Q2, roughly 40,000 fewer than a year earlier, led by a pullback among mega investors.
California News
California Legislature passes bills to create first-in-the-nation standards for smoke damage
MEGAN FAN MUNCE, SUSIE NEILSON, San Francisco Chronicle (Subscription)
California is poised to become the first state in the nation to establish standards for how to make homes and schools safe to inhabit after they’re tainted by wildfire smoke, debris and ash.
Investors place billion-dollar real estate bet on Silicon Valley’s future
GEORGE AVALOS, San Jose Mercury News (Subscription)
Betting big on Silicon Valley’s future, an investment group led by an England-based firm paid a combined $1.16 billion for six tech campuses in three cities, according to several grant deeds filed in Santa Clara County in September.
Industry News
Commissions settlement objectors request new appeal hearing
AMIE FISHER, Real Estate News
After more than five years of litigation, a jury trial, settlements totaling more than $1 billion and an appeal that affirmed those deals, the homeseller commissions lawsuits are still not quite wrapped.
Real Estate Technology
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Property News
Nearly Half Of Americans Would Consider A 3D-Printed Home
CZARINNA ANDRES, National Mortgage Professional
Nearly half of Americans would consider buying a 3D-printed home if it met their location and budget needs, but concerns affecting the property’s value and marketability could create additional hurdles for lenders and loan originators. Yet consumer interest does not necessarily mean those homes will be as straightforward to finance as traditionally constructed properties.
In Case You Missed It
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