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, March 28, 2025
Top Stories
NAR eliminates 61 positions in cost-cutting move
JONATHAN DELOZIER, HousingWire (Subscription)
The National Association of Realtors (NAR) announced staffing changes on Friday that are reportedly aimed at reducing costs, streamlining operations and refocusing on member services. The restructuring efforts includes the elimination of 41 positions and 20 unfilled roles across several departments — including digital strategy, public relations, member engagement, and finance. NAR said the move aims to reallocate resources to advocacy, research, data and education functions.
National News
Federal judge temporarily cancels HUD cuts to fair housing grants
CHRIS CLOW, HousingWire (Subscription)
After fair housing groups filed a recent lawsuit to challenge U.S. Department of Housing and Urban Development (HUD) cuts to fair housing grants, a federal judge in Massachusetts issued a temporary order to stop HUD’s cancellation of the grants. The National Fair Housing Alliance (NFHA), which brought the suit with law firm Relman Colfax, lauded the decision in an announcement on Tuesday. Groups in the states of Massachusetts, Idaho, Texas and Ohio filed the suit in the U.S. District Court for the District of Massachusetts.
California News
Bay Area housing market sees highest spring inventory levels since pandemic
KATE TALERICO, The Mercury News (Subscription)
After two years of sluggish home sales held back by low inventory, February notched its highest level of inventory since before the pandemic. “We are making progress down the road to recovery,” said Jordan Levine, chief economist for the California Association of Realtors.
LA rental market gets even more competitive after wildfires
SARAH WOLAK, HousingWire (Subscription)
In the aftermath of the wildfires that ravaged Los Angeles in January, tens of thousands of Pacific Palisades and Altadena residents lost their homes and are now competing for housing in a region that is not only expensive but is short on housing inventory. The fires destroyed more than 16,000 homes, businesses and other structures, with 22% of those homes occupied by renters, according to the U.S. Census.
Industry News
Why Aren’t Homeowners Moving as Much as They Used To?
SAMANTHA LATSON, The New York Times (Subscription)
Five years ago, homeowner tenure in the United States — that is, how long people stay in their homes — peaked at 13.4 years. Then the pandemic sparked a moving frenzy, putting a serious dent in that number. Even so, according to a new study by Redfin, Americans aren’t moving nearly as often as they did 20 years ago.
Why the mortgage industry isn't getting carried away with the CFPB's 'new era'
FERGAL MCALINDEN, Mortgage Professional America
A House Financial Services Committee hearing this week described the beginning of a “new era” for the Consumer Financial Protection Bureau (CFPB) after the watchdog’s gutting by the Trump administration’s Department of Government Efficiency (DOGE) in recent weeks.
Sellers, MLS PIN slam DOJ claims in Nosalek case: 'DOJ is simply wrong'
ANDREA V. BRAMBILA, Inman (Subscription)
Plaintiffs and defendant MLS Property Information Network agree that approximately 75 percent of sellers are opting out of offering compensation to buyer agents in the multiple listing service.
Home construction sector looking 'a lot like 2008' housing bubble, warns analyst
CANDYD MENDOZA, Mortgage Professional America
As mortgage rates stay stubbornly high and home prices continue climbing, real estate analyst Nick Gerli said the current US housing market is starting to show signs of trouble that resemble the 2008 housing crisis, especially in the new home construction sector.
Real Estate Technology
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Property News
As Military Spending Soars, Demand for Spy-Proof Real Estate Booms
PATRICK SISSON, The New York Times (Subscription)
Defense and aerospace companies leased 11.3 million square feet in 2024, up from 7.1 million in 2022, said Tom Taylor, who manages the aerospace and defense practice at JLL, a real estate firm. “We do believe the aerospace and defense industries, in particular, are going to be one of the demand drivers for new industrial space,” Mr. Taylor said.
In Case You Missed It
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Resources, Webinars, and Other Items of Interest
Columbia University Locked Its Campus and Unleashed a Contentious Debate
ANNA KODE, The New York Times (Subscription)
On Oct. 12, 2023, Columbia University closed its gates. The ornate, iron fences were an $89,000 gift from the philanthropist George Delacorte. For years, their purpose was largely decorative, closing sporadically for special occasions. Most other times, they remained open, and members of the public could enter freely, sit on a bench and traverse the campus to get to the No. 1 train. The gates were mere emblems of exclusivity and elitism, of the wealthy and powerful whose names adorn the university’s buildings.
How To Navigate Complex Real Estate Markets
JAMES NELSON, Forbes (Subscription)
Oftentimes breaking into one of the largest markets such as New York or Los Angeles requires time to learn the market and figure out how to penetrate it.
California urges FEMA to add businesses, non-profits, and multi-family structures to LA fire debris cleanup
GOVERNOR NEWSOM, Press Release
Working to expand the scope of the fast-moving wildfire clean up effort currently underway in Los Angeles, Governor Gavin Newsom has asked the federal government to make more structures eligible for debris removal.
