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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Tuesday, September 29, 2026
Top Stories
Inside L.A.’s ‘Ghost Condo’ Crisis: How a Chinese Developer’s Unpaid Bills Froze Sales at Metropolis
JULIE GERSTEIN, Realtor.com
The property management company in charge of the luxury Metropolis towers in Los Angeles warned developer Greenland USA in June 2019 that the development's homeowners associations were "now officially out of money,” vendors would “not perform services,” and utilities were "at risk of being shut off,” according to an email included in court filings.
Real estate listings get an AI makeover. When does it become false advertising?
LAUREN PEARLE, San Francisco Standard
AI is making it easier to dramatically alter real estate listing photos and create online versions of homes that look nothing like the real thing. Now, lawmakers in several states are pushing disclosure rules amid growing concerns that digital enhancement crosses into deception.
National News
US home prices hold below long-term average for 17th month
LIEZEL ONCE, Mortgage Professional America
US home prices rose 1.4% year over year in August, keeping national appreciation below its nearly three-decade pre-pandemic historical average of 3.4% for the 17th consecutive month.
Mortgage Rates Jump as Markets Price in More Fed Rate Hikes
CHEN ZHAO, Redfin News
Mortgage rates have shot up as a number of economic concerns come together in a perfect storm. There’s little on the horizon to offer relief without addressing the fundamental drivers behind the market’s expectation that the Fed may hike rates further, undoing most of the rate cuts from the past two years.
California News
An S.F. nonprofit welcomed the AI boom. Then came a 156% rent hike
LAURA WAXMANN, San Francisco Chronicle (Subscription)
What had been a growing concern turned into a near-nightmare when one business owner learned that his landlord would only accept a five-year lease renewal if he agreed to a 156% rent increase. The pressure isn’t limited to commercial space. San Francisco’s apartment rents have surged alongside the city’s AI boom, with the median asking rent up more than 20% year-over-year, according to Apartment List.
New plans emerge for stalled San Jose housing tower near SJSU campus
GEORGE AVALOS, The Mercury News (Subscription)
A new proposal for a housing tower about a block from the San Jose State University campus in San Jose specifies that more than 300 of its units will be affordable.
Industry News
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings
CZARINNA ANDRES, National Mortgage Professional
After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers
Real Estate Agents Could Get Legal Clarity That Sets Them Up for New Benefits
TRISTAN NAVERA, Realtor.com
A Congressional effort could give real estate agents more clarity about their employment protections, encouraging more full-time agents to stay in the business.
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