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, June 25, 2026
Top Stories
Trump refuses to sign bipartisan housing bill into law. What does that mean for homebuyers, renters?
ALEX VEIGA, Orange County Register (Subscription)
A sprawling legislative package aimed at lowering the cost of housing and spurring more home construction won bipartisan approval from Congress this week, but it’s hit a major roadblock in becoming law: President Donald Trump.
Most aspiring buyers say homeownership feels out of reach
LIEZEL ONCE, Mortgage Professional America
An overwhelming 95% of Americans who plan to buy a home within the next five years say at least one barrier is preventing them from doing so today, according to a new survey by Best Interest Financial and Clever Real Estate, a St. Louis-based real estate company.
National News
Fewer Homeowners Are Listing as Spring Market Ends With a Whimper, Not a Bang
DANA ANDESON, Redfin News
Prospective home sellers are backing off partly because they notice soft homebuying demand. Pending home sales fell 0.1% week over week, a small dip but the third straight week of slight declines from their May peak, and mortgage-purchase applications fell for the second straight week.
New-home sales unexpectedly fall, with West down 27%
MICHAEL SASSO, Orange County Register (Subscription)
Sales of new homes in the US fell again in May to the lowest level since the start of the year as heavy discounts failed to offset high mortgage rates. Purchases of new single-family homes decreased by 7.3% to an annual rate of 580,000 last month, according to government figures published Wednesday. That trailed all economist estimates in a Bloomberg survey.
Investors pull back from housing market as political, economic pressures mount
MARY DIDUCH, The Real Deal (Subscription)
Investors are buying fewer and fewer homes as they contend with big-picture problems from challenging weather conditions to political pushback. In the first quarter, investors bought just over 236,000 homes across the country, a nearly 23 percent year-over-year drop, according to an analysis by CJ Patrick Company using data provided by BatchData.
California News
‘Very poor track record’: How S.F. planning failures keep causing rent spikes
CHRISTIAN LEONARD, San Francisco Chronicle (Subscription)
San Francisco rents are rising faster than in any other major city in the U.S., according to Apartment List data. The monthly median asking price for a one-bedroom unit surged from $2,980 in May 2025 to $3,480 in May 2026, a nearly 17% increase in just a year.
Industry News
NAR pulls ARA into legal battle with Umansky's thePLS.com
MARIAN MCPHERSON, Inman (Subscription)
The rift between the National Association of Realtors and Mauricio Umansky’s thePLS.com has taken a new turn, with NAR issuing a subpoena to the American Real Estate Association and its co-founder, Jason Haber.
Zillow Expands Into Mortgage Workflow With New Buyer Hub
CZARINNA ANDRES, National Mortgage Professional
Announced Tuesday as part of the company's Summer Launch product rollout, the new hub brings together affordability information, financing details, transaction milestones, documents, and professional contacts into a single dashboard that updates automatically as buyers move through the homebuying process.
Real Estate Technology
Most AI-altered listings go undisclosed, California law bans it
JONATHAN DELOZIER, HousingWire(Subscription)
More than 1 in 10 primary listing photographs on the nation’s four largest real estate portals show evidence of digital alteration — and over 90% of those images carry no visible disclosure, according to a new study. Findings arrive as California Assembly Bill 723, which took effect Jan. 1, requires licensed real estate brokers and salespersons to conspicuously disclose digitally altered images and provide access to original, unaltered versions.
Property News
Land Ho! For $1M, You Can Score a Chesapeake Bay Lighthouse
GRACE BERNARD, Dwell
Built in 1891 and fully restored in 2005, the working beacon doubles as an off-grid residence.
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