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, May 30, 2025
Top Stories
In areas near January’s fires, rent is climbing faster than rest of county
PHI DO & ANDREW KHOURI, Los Angeles Times (Subscription)
Several months after fires tore through Pacific Palisades and Altadena, rent near burn areas is rising faster than elsewhere in Los Angeles County, according to an L.A. Times analysis of Zillow data.
NAR Midyear heads to Washington DC at critical moment for housing
JIM DALRYMPLE II, Inman (Subscription)
The National Association of Realtors Legislative Meetings begins Saturday with free speech, agent pay and affordability on the agenda. Inman breaks down the panels bound to draw a crowd.
National News
Want to Rent a Studio in New York? You May Need a Roommate.
VINCE DIXON, The New York Times (Subscription)
Trading space for savings in the bank is particularly appealing to people hoping to live alone. But in some U.S. cities, the median-earning renter may need a roommate to afford even a studio apartment, typically the smallest and most affordable units on the market.
Sellers outnumber prospective homebuyers as high prices and mortgage rates skew the housing market
ALEX VEIGA, The San Diego Union-Tribune (Subscription)
Homeowners eager to sell may have to wait a while before a buyer comes along.
As of April, the U.S. housing market had nearly 34% more sellers than buyers shopping for a home, according to an analysis by Redfin.
UWM’s ‘All-In’ policy stands firm as appeals court rules against Florida brokerage
SARAH WOLAK, HousingWire (Subscription)
United Wholesale Mortgage (UWM) grabbed another win this week in a challenge to its “All-In” initiative after a federal appeals court ruled against Florida-based Okavage Group. Since 2021, UWM and Okavage Group have been engaged in a legal tango. Okavage filed an antitrust lawsuit against UWM over the lender’s ultimatum that prohibits mortgage brokers from working with competitors Rocket Mortgage and Fairway Independent Mortgage Corp.
Texas bill aimed at NAR speech code fails to advance
JONATHAN DELOZIER, HousingWire (Subscription)
A Texas bill that aimed to prohibit professional and trade associations like the National Association of Realtors (NAR) from denying membership based on protected characteristics or what’s perceived to be free speech failed to advance in the state legislature Wednesday, according to Inman.
California News
New S.F. data is most detailed yet on how long it takes to move through city’s notorious permit process
DANIELLE ECHEVERRIA, San Francisco Chronicle (Subscription)
The time it takes to get approval to build something in San Francisco has fallen since a number of streamlining measures were implemented last year – but some departments still struggle to meet the city’s new target times.
How gentrification is killing the bus: California’s rising rents are pushing out commuters
BEN CHRISTOPHER, CalMatters
The northern tip of the Vermont Square neighborhood in South Los Angeles gentrified in many of the usual ways over the last decade. Median incomes shot up. The neighborhood’s share of Black residents declined. On the list of fastest growing home prices across the region, Vermont Square cracked the top ten. Along Western Avenue, new apartment buildings popped up as visible markers of change.
Industry News
Federal Reserve rejects Trump's political pressure in rare public statement
CANDYD MENDOZA, Mortgage Professional America
The Federal Reserve issued a public statement Thursday holding firm on the central bank’s independence, following a morning meeting between Fed Chair Jerome Powell and former president Donald Trump at the White House. The brief, three-paragraph memo stressed the Fed’s nonpartisan approach to monetary policy and responded to growing pressure from Trump to cut interest rates ahead of the November election.
Fannie crackdown on fraud a necessary step, says mortgage CEO
MATT SEXTON, Mortgage Professional America
Mortgage fraud has been a huge focus of Fannie Mae and the new Federal Housing Finance Agency (FHFA) director, Bill Pulte – and one mortgage executive who has seen fraud attempts in his area said the government's new efforts to reduce mortgage fraud are the right move. Fannie Mae executives, including Pulte, announced a new initiative on Wednesday to help identify and eliminate mortgage fraud. In a partnership with Palantir, Fannie Mae will use artificial intelligence to help uncover potential fraud.
DOJ withdraws objection to MLS PIN settlement, clearing the way for preliminary approval
JEFF ANDREWS, HousingWire (Subscription)
The Department of Justice (DOJ) has withdrawn its objection to MLS Property Information Network (MLS PIN)’s preliminary settlement of the Nosalek commission lawsuit after the two sides negotiated amended terms. In a court filing on Thursday, MLS PIN and the plaintiffs disclosed that the former will prohibit offers of cooperative compensation on its platform, which other MLSs agreed to ban after the National Association of Realtors (NAR) settled the Sitzer/Burnett case in Missouri.
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