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, May 7, 2026
Top Stories
Inventory is rising, but homes are selling faster
RACHEL BADER, HousingWire
Rising inventory has often meant homes are taking longer to sell. That may be starting to shift in 2026. The key housing story in 2026 may no longer be inventory levels alone, but whether markets are capable of efficiently clearing available supply.
Pending Home Sales Hit Highest Level in Nearly 4 Years
DANA ANDERSON, Redfin News
U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3. They rose 7.7% year over year on a seasonally adjusted basis. Still, the market is slower and less competitive than past springs.
National News
Why 280,000 New Buyers Will Transform Housing Soon
BILL CONERLY, Forbes
An increasing number of people will be entering first-time-home-buyer age, according to recent population estimates released by the Census Bureau. This suggests a stronger market for new construction, even if the first-timers buy existing houses.
New-Construction Insights: Urban New Builds Are Scarce and Expensive
JOEL BERNER, Realtor.com
For the second quarter in a row, new homes on the market have had their prices reduced at a higher rate than existing homes. That this is occurring at the same time that prices overall for new construction have held steady suggests that builders are actively managing prices on their inventory, starting them higher and adjusting down to meet buyers where they are.
California News
Two California home insurers to raise rates, expand coverage by late 2026
AMANCAI BIRABEN, Orange County Register (Subscription)
Two California home insurance providers, Travelers Insurance and the Interinsurance Exchange of the Automobile Club, are seeking to hike rates 7% and 11%, respectively, under a new catastrophic modeling plan adopted by the state in 2025.
OC shuts down appeal against Trabuco Canyon housing project dating back nearly 50 years
CHRIS MALONE MENDEZ, The Real Deal (Subscription)
Orange County officials are letting a long-simmering housing proposal in Trabuco Canyon move forward after tossing out a last-ditch appeal from residents and conservation groups. The decision effectively clears the way for a project that has been mired in revisions, lawsuits and community opposition for more than four decades.
Industry News
Experts say MLS competition, consolidation to heat up after nationwide expansion
TAYLOR ANDERSON, Inman (Subscription)
Nearly half of the nation’s MLSs have vanished since 2015, according to data from T3 Sixty. And executives from the biggest brokerages and MLSs have called for still more drastic consolidation. They appear to be gradually getting what they want.
Real Estate Technology
How startup Propy is deploying $100 million to put real estate deals on the blockchain
DIANA OLICK, CNBC
Anyone who has bought or sold a home knows how long and tedious the closing process can be. It involves antiquated paperwork requiring multiple signatures from various parties, disclosures and a heap of compliance forms. Some of the process has been digitized, but mostly not. One remedy is emerging: put it all on the blockchain.
Property News
What You Get: $600,000 Homes in Florida, Connecticut and Colorado
ANGELA SERRATORE, New York Times (Subscription)
A 1920s house in Gainesville, Fla., an 18th-century farmhouse in North Stonington, Conn., and a Queen Anne Revival in Grand Junction, Colo.
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