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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Friday, February 13, 2026
Top Stories
Arrests made after $1.5-million Burbank home sells without the owner or buyer being aware
SALVADOR HERNANDEZ, Los Angeles Times
Using fake identities and purchase agreements and forged loan applications, four people allegedly cooked up a months-long scheme to sell a Burbank house with neither the homeowner nor the buyer being aware of the $1.5-million deal.
The group, which included a licensed real estate broker, falsified signatures, submitted fraudulent loan applications and even discussed using disguises to pose as the buyers and sellers to push the deal through, according to a federal complaint, and the defendants planned to pocket the loan of nearly $1 million used to buy the house.
National News
64% of Single Americans Struggle to Afford Housing, Compared With 39% of Married People
DANA ANDERSON, Redfin News
Nearly two-thirds (64%) of single people struggle to afford their regular rent or mortgage payments, compared with 39% of married people, according to a recent Redfin survey conducted by Ipsos.
Rich Californians flock to Las Vegas housing market as lawmakers consider wealth tax
SOPHIA COMPTON, Fox Business
High-net-worth Californians are increasingly setting their sights on Las Vegas as they look to reduce their tax burden and protect their finances as a proposed wealth tax looms in the Golden State.
California News
Factory-built housing hasn’t taken off in California yet, but this year might be different
BEN CHRISTOPHER, CalMatters
As the first home rolled off the factory floor in Kalamazoo, Michigan — “like a boxcar with picture windows,” according to a journalist on the scene — the Secretary of Housing and Urban Development proclaimed it “the coming of a real revolution in housing.”
For decades engineers, architects, futurists, industrialists, investors and politicians have been pining for a better, faster and cheaper way to build homes. Now, amid a national housing shortage, the question felt as pressing as ever: What if construction could harness the speed, efficiency, quality control and cost-savings of the assembly line? What if, rather than building homes on-site from the ground up, they were cranked out of factories, one unit after another, shipped to where they were needed and dropped into place? What if the United States could mass-produce its way out of a housing crisis?
Industry News
Are You ‘Catfishing’ Buyers With Picture-Perfect Real Estate Photos?
MELISSA DITTMAN TRACEY, National Association of Realtors, Realtor News
Real estate pro Ryann Brier remembers the disappointment on her clients’ faces after being “catfished” by a listing. They fell in love with the online photos of what appeared to be a lakefront home in West Michigan—sunset images glimmering over the water, floor-to-ceiling windows promising sweeping views.
Then, they arrived in person.
Real Estate Technology
CBRE, real estate stocks suffer on AI risk to office demand
BLOOMBERG WIRE, Bloomberg
Commercial real estate stocks nosedived Thursday as traders worried about risk to demand for office space from higher use of artificial intelligence tools, broadening a selloff that began Wednesday in small corner of the market.
Shares of Dallas-based CBRE Group Inc., a major commercial real estate services company, fell 8.8%, bringing the two-day decline to 20% in the worst such move since 2020. Jones Lang LaSalle Inc. fell 7.6% Thursday, Cushman & Wakefield Ltd. dropped 12% and Newmark Group Inc. slid 4.2%.
Property News
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