Dre News Clips

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.
 

Copyright © , California Department of Real Estate

Links to web sites do not constitute an endorsement from The California Department of Real Estate. These links are provided as an information service only. It is the responsibility of the user to evaluate the content and usefulness of information obtained from these sites. DRE does not provide full text articles - user must access expired articles via newspaper archives online or local public library.

      

Wednesday, June 10, 2026

Top Stories

California home prices ‘hit a new record’ high. What can buyers expect to pay?

Sacramento Bee
California has long been known for its high cost of living — and home prices across the state just “set a record high,” according to real estate experts.

National News 

Startling new figures expose little thought of weak point in California’s housing crisis

Benjamin Brown, New York Post
California homeowners are delisting their properties at an astonishing rate, according to exclusive data from Realtor.com. 


The AI Office Boom Feels Like 2000 All Over Again

Plus, America is already the biggest loser in the World Cup hotel race
This is an edition of the Real Estate newsletter, a weekly briefing of the biggest commercial deals, news, analysis and trends in office, multifamily, retail and other commercial sectors.
Manhattan’s office leasing market hasn’t been this hot since 2000. Back then, dot-com startups helped fuel demand. This time around, it’s AI. That echo is making a lot of investors and landlords nervous, given how the dot-com boom gave way to a bust. But as Peter Grant and Isabelle Bousquette report, there are notable differences between the two periods. For one, building owners are scrutinizing business plans and revenue growth more closely these days. “Landlords have learned to ask the right question,” said JLL’s Melanie O’Brien.

California News

Bay Area Leads California in Home Sales Growth as AI Boom Fuels Demand

EdHat Santa Barbara
While most of the country’s housing markets remained constrained by increased borrowing costs and economic uncertainty, parts of the Bay Area in California seemed to be following a different pattern.


$1.34B Settlement Awarded in SoCal Property Fraud Case

It’s said to be one of the largest fraud-based arbitration awards involving Southern California commercial real estate
Greg Cornfield, Commercial Observer
After almost three years of proceedings, a Southern California real estate investor has secured what’s said to be one of the largest such fraud-based arbitration awards.


California’s housing market is so out of control that even a small, burned-out home goes for $1 million

The ranch-style home on a busy corner in metropolitan Los Angeles commanded the eye-popping price even though it’s clearly unlivable
The Independent
California's housing crisis has gotten so bad that even a burned-out house on a busy corner in metropolitan Los Angeles is now worth $1 million.

Industry News 

Louisiana Teachers commits $200m to Kayne Anderson real estate fund

IPE Real Assets
Teachers’ Retirement System of Louisiana has approved a $200m (€173.3m) commitment to Kayne Anderson’s core open-ended US real estate fund.

Real Estate Technology 

Shillington residents can pay real estate taxes online

There are now 16 municipalities that offer the option to residents.
Reading Eagle
Residents in Shillington now have the option to pay their Berks County and municipal real estate taxes online.

Property News 

$1.34B Settlement Awarded in SoCal Property Fraud Case

It’s said to be one of the largest fraud-based arbitration awards involving Southern California commercial real estate
Greg Cornfield, Commercial Observer
After almost three years of proceedings, a Southern California real estate investor has secured what’s said to be one of the largest such fraud-based arbitration awards.

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