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    <title>California Department of Real Estate News Clips</title>
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    <description>Stay connected with the latest news from the California Department of Real Estate.</description>
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     <item>
      <title>U.S. home sales fall to historically low level: Redfin - NEIL PIERSON, HousingWire</title>
      <pubDate>Thu, 18 Apr 2024 10:35:58 -0700</pubDate>
      <description><![CDATA[According to the national real estate brokerage, only two months in the past decade have seen lower levels of home sales than last month. The first occurred in May 2020, when the lockdowns imposed during the COVID-19 pandemic brought in-person showings and sales to a halt. The second occurred in October 2023 when mortgage rates peaked at their highest point since 2000.]]></description>
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      <title>When Is a Tiny House Too Small to Be a Home? - RONDA KAYSEN, New York Times (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:58 -0700</pubDate>
      <description><![CDATA[As the Supreme Court weighs whether cities can criminalize sleeping outdoors or in tents, Los Angeles is attempting to combat homelessness with tiny homes criticized by some as 'inhumane.']]></description>
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      <title>Homeowner equity continues to rise despite housing-market challenges - ASHLEY FAHEY, The National Observer</title>
      <pubDate>Thu, 18 Apr 2024 10:35:58 -0700</pubDate>
      <description><![CDATA[U.S. homeowners with a mortgage pulled in $28,000 in equity gains on average year over year in the first quarter, the highest amount since late 2022, according to CoreLogic Inc. That average year-over-year increase of 9.6% translates to a collective gain of $1.5 trillion and means net homeowner equity totaled more than $17 trillion at the end of Q1.]]></description>
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      <title>What is a 'Zombie Mortgage'?  - MATT YAN, New York Times (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:58 -0700</pubDate>
      <description><![CDATA[For most buyers, mortgages are the cornerstone of purchasing a home. Sometimes a second mortgage is necessary, too, to cover the down payment, for instance. But what happens if that second mortgage seems to have been forgiven but actually still exists? Introducing: the "zombie mortgage."]]></description>
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      <title>Coastal counties at greatest risk in housing market downturn - HOLDEN WALTER-WARNER, The Real Deal (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:58 -0700</pubDate>
      <description><![CDATA[The vulnerability of county-level housing markets varies across the country, but it's areas on both coasts that may be at the greatest risk if a downturn occurs.]]></description>
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      <title>Impossibly high home prices are 'feudalizing' California as unaffordable housing markets pose existential threat to middle class, study says - JASON MA, Fortune</title>
      <pubDate>Thu, 18 Apr 2024 10:35:57 -0700</pubDate>
      <description><![CDATA[There are unaffordable housing markets, and then there are "impossibly unaffordable" markets, four of which are in California, a recent study said.
The housing crisis represents an obstacle to upward mobility, and the Golden State risks suffering from especially acute stratification, according to the annual Demographia International Housing Affordability report, which was produced by Chapman University in California and the Frontier Centre for Public Policy in Canada.
]]></description>
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      <title>Opponents of new Sacramento housing high-rise project along the American River Parkway file lawsuit - CAROLINA ESTRADA, KCRA 3 Sacramento</title>
      <pubDate>Thu, 18 Apr 2024 10:35:57 -0700</pubDate>
      <description><![CDATA[Sacramento Planning and Design Commissioners voted to move forward with a housing project that would bring hundreds of apartment units along the American River Parkway in the city's River District. However, a recent lawsuit seeks to stop it from being built due to environmental concerns.]]></description>
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      <title>Most home listings in San Francisco have been on the market for over a month - CHRISTIAN LEONARD, San Francisco Chronicle (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:57 -0700</pubDate>
      <description><![CDATA[It often feels as if homes in the Bay Area get snapped up almost immediately after they go on the market. But the reality is a bit different. In May, 55% of homes for sale in the San Francisco-San Mateo county region were listed for a month or more without finding a buyer, according to a new report from real estate brokerage Redfin.]]></description>
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      <title>Artificial intelligence is the all-in-1 tool real estate desperately needs - BRAD INMAN, Inman (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:57 -0700</pubDate>
      <description><![CDATA[Every week, a real estate company announces a new artificial intelligence product - reminding me of the days when every business put out a press release to say it launched a website. These AI plugins promise to help agents do their jobs faster and better. But something bigger is coming.]]></description>
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      <title>Caltrans begins selling homes seized for never-built freeway project - TRD STAFF, The Real Deal (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:57 -0700</pubDate>
      <description><![CDATA[In an attempt to clear space for a planned expansion of the 710 Freeway, Caltrans seized 400 homes by eminent domain along a five-mile stretch in the 1960s, displacing hundreds of families. That project never got off the ground and was formally canceled in 2018.]]></description>
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      <title>Condemned Silicon Valley home sparks bidding war in red-hot real estate market - AIDIN VAZIRI, San Francisco Chronicle (Subscription)</title>
      <pubDate>Thu, 18 Apr 2024 10:35:57 -0700</pubDate>
      <description><![CDATA[A seven-bedroom house in Silicon Valley listed less than a month ago for just under $700,000 is in escrow after receiving multiple offers. While it may appear a potential buyer has scored the deal of the century in an area where the median home price is about $1.5 million, the property is condemned.]]></description>
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