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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Monday, June 30, 2025
Top Stories
California’s largest state worker union delays return-to-office order
WILLIAM MELHADO, The Sacramento Bee
California’s largest public sector union secured a one-year pause to Gov. Gavin Newsom’s return-to-office order just days before state workers are expected to begin working in person four days a week. The pause to the unpopular telework policy followed announcements by other unions that the administration agreed to push back the deadline until July 2026 as part of broader labor negotiations with the state to reduce California’s compensation costs during a tight budget year.
FHA overhauls mortgage insurance policies in cost-cutting push
CANDYD MENDOZA, Mortgage Professional America
The Federal Housing Administration (FHA) has announced a sweeping rollback of several policies within its Single-Family mortgage insurance program, impacting the loan process from application through endorsement. The changes, issued through a series of new Mortgagee Letters (MLs), are designed to address what the FHA calls outdated or burdensome requirements that have added complexity and cost for lenders and borrowers.
National News
Turning New York Offices Into Homes Finally Works. Now There’s a Rent-Freeze Catch.
CAROL RYAN, The Wall Street Journal (Subscription)
Turning Manhattan’s unloved offices into apartments is becoming a profitable venture. That potentially unlocks a new source of supply for New York City’s crunched housing market. It also presents more opportunities for the private-equity firms and family offices who typically invest in these projects.
Florida’s commercial real estate thrives on influx of tech executives
CANDYD MENDOZA, Mortgage Professional America
Florida’s commercial real estate sector is experiencing an upswing in retail as a wave of financial and tech executives relocating since the pandemic continues to reshape the state’s urban and economic landscape. According to real estate leaders, this influx of high-earning professionals is transforming cities like West Palm Beach into year-round business and lifestyle hubs.
California News
Supreme Court turns down claim from L.A. landlords over COVID evictions ban
DAVID G. SAVAGE, Los Angeles Times (Subscription)
With two conservatives in dissent, the Supreme Court on Monday turned down a property-rights claim from Los Angeles landlords who say they lost millions from unpaid rent during the COVID-19 pandemic. Without comment, the justices said they would not hear an appeal from a coalition of apartment owners who said they rent “over 4,800 units” in “luxury apartment communities” to “predominantly high-income tenants.”
Docs: Alleged bribe came before Antioch homebuilders played all legal cards
JAKOB RODGERS, The Mercury News (Subscription)
A company-branded travel mug allegedly stuffed with $5,000 in cash and slid to an Antioch councilmember was supposed to pay off big for a prominent Contra Costa homebuilder family. All that the father-and-son duo of David and Trent Sanson of DeNova Homes wanted, prosecutors say, were assurances their massive development would reach a milestone needed to release what remained of a nearly $12 million bond hanging over their heads.
A ‘poison pill’ in California’s budget deal ties state spending to construction
ALEXEI KOSEFF, CalMatters
After days of confusion in which a deal with Gov. Gavin Newsom threatened to unravel over his demand to include new housing and infrastructure regulations, the California Legislature passed an updated state budget on Friday. With the start of a new fiscal year looming on July 1, budget negotiations — already challenged by a $12 billion and growing deficit — dragged on this week as Newsom and legislative leaders struggled to reach an agreement on waiving state environmental reviews for priority projects.
Industry News
FHA rescinds 12 policies as Trump administration pushes to cut red tape
FLÁVIA FURLAN NUNES, HousingWire (Subscription)
As part of the Trump administration’s broader effort to cut regulatory burdens, the Federal Housing Administration (FHA) on Friday announced the rescission of 12 policies related to appraisal protocols, underwriter employment, flood risk management and other areas. Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
HUD announces three senior leadership additions
SARAH WOLAK, HousingWire (Subscription)
The U.S. Department of Housing and Urban Development (HUD) announced on Friday that Jonathan “Drew” McCall, Todd Thurman and Reid Wilson will serve in senior-level roles under the direction of Secretary Scott Turner. The appointments followed the swearing-in of Andrew Hughes, the former HUD chief of staff, as deputy secretary.
Real Estate Technology
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Property News
Step into wellness guru’s blissful Sierra retreat for sale north of Lake Tahoe
DAVID CARACCIO, The Sacramento Bee (Subcription)
After seven years of searching the West for the perfect place to call home, Northern California author and wellness practitioner Osha Reader stumbled upon her peaceful High Sierra retreat by chance.
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