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 7, 2026
Top Stories
California Real Estate Agent Charged with Spying for China After Dramatic Airport Arrest
ANNA D'AMICO, Realtor.com
A California real estate agent has been taken into custody by the FBI on charges that she secretly spied on behalf of the Chinese government.
National News
Executive says borrowers are betting on low rates that may never return
MATT SEXTON, Mortgage Professional America
With refinances largely off the table due to the current rate environment, most of the non-purchase business being done by originators right now falls into home equity lines of credit (HELOC) and home equity loans.
Refinance demand is now half what it was a year ago, as mortgage rates rise again
DIANA OLICK, CNBC
Mortgage rates last week rose to the highest level in nearly three years. That kept demand for both refinances and home purchases on their steep and steady decline.
California News
Will surging mortgage rates cool San Francisco’s real estate boom?
KATHLEEN PENDER, San Francisco Chronicle (Subscription)
It’s too soon to truly measure what impact the latest spurt in mortgage rates is having on Bay Area home sales and prices. But if rates stay above 7% for more than a few weeks or months, which is widely expected, experts say sales are likely to fall, while home prices might well hold steady.
Rents are rising in 58% of Southern California cities
JONATHAN LANSNER, The Orange County Register (Subscription)
September’s math shows landlords upping prices in 58% of Southern California cities. That’s 30 cities with rents gaining among the 52. The region’s median rent change was a 0.9% increase.
Industry News
HUD Raises Section 184 Loan Fee 50% For Native American Borrowers
CZARINNA ANDRES, National Mortgage Professional
Three years after lowering the upfront fee to reduce borrowing costs, HUD has restored the 1.5% charge as it moves the Native American home loan program toward self-sufficiency
Senators Introduce Bill to Protect Independent Contractor Status for Real Estate Pros
MICHAEL RAUBER, NAR Realtor News
Senators Mike Lee (R-Utah) and John Curtis (R-Utah) have introduced legislation that would establish consistent treatment for real estate professionals and direct sellers under federal labor law.
Real Estate Technology
How AI is changing the apartment search: Is it working?
ANGELA SWARTZ, Palto Alto Online
For years, apartment hunting meant scrolling through listings, calling property managers and scheduling tours. Increasingly, renters can do much of that without talking to a person at all.
Property News
A Radio Tower Reborn in Topanga Canyon
GREGORY HAN, New York Times (Subscription)
Two architects turned a Cold War-era relay station into the Sea-Air-Land-Tower (SALT) House.
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