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.

Friday, June 5, 2026

Top Stories

Homeowners retreat from market at joint-fastest pace in six years

FERGAL MCALINDEN, Mortgage Professional America
New data from Redfin showed that 5.8% of all home listings were removed from the market in April, marking the highest share of delisted homes – tied with December – since March 2020, the first month of the COVID-19 pandemic. Prior to 2020, delistings were never as common as they are now.

Supreme Court To Rule On How Much Equity Homeowners Can Lose In A Tax Sale

KELLY PHILLIPS ERB, Forbes
When the government takes your home to collect a tax debt and sells it, how much does it actually owe you? That’s a question now before the U.S. Supreme Court. And while a similar case was resolved last year—Tyler v. Hennepin—a big question about valuation remains unanswered.

Most Prospective Homebuyers Fail Basic Mortgage Quiz

CZARINNA ANDRES, National Mortgage Professional
For many Americans, buying a home is the biggest financial decision they will ever make. But a new survey from Wells Fargo suggests many prospective buyers may be entering the process with far less knowledge than they think. The survey, which polled 2,012 U.S. adults who have never owned a home but are considering buying within the next five years, found that 75% of respondents answered four or fewer of the quiz's 12 questions correctly

National News 

New York goes after pocket listings as bill heads to governor's desk

DARRYL DAVIS, Inman (Subscription)
There is a bill almost nobody is talking about, and if you list homes in New York, it is about to change how you take a listing. On May 29, the New York State Assembly passed the Fair and Transparent Real Estate Listings Act, and on June 1, it passed the Senate. It is now on its way to the desk of New York Gov. Kathy Hochul.

New Listings Fall 1.3%, One of the Biggest Weekly Declines of 2026

DANA ANDERSON, Redfin News
Prospective home sellers are backing off because homebuying demand has slowed down. Pending home sales ticked down 0.2% week over week during the week ending May 31–a small decline, but the third in a row. Mortgage-purchase applications fell to their lowest level in six weeks.

California News

No stories today

Industry News 

Compass reportedly facing antitrust scrutiny in NY 

DAVE GALLAGHER, Real Estate News
Compass share prices dropped on Wednesday following a media report that the New York Attorney General's office is looking into the company over antitrust concerns. The stock price recovered a bit in afternoon trading, but was still down around 11% for the day with a few hours left in the trading session.

Real Estate Technology 

Is AI ready to arrange your mortgage without a human loan officer?

JEFF LAZERSON, Orange County Register (Subscription)
According to NerdWallet’s 2026 homebuyer report, about half (48%) of Americans who plan to buy a home in the next 12 months say they have or will use AI tools during the homebuying process. The survey found that 27% of respondents have or will use such tools to help estimate housing costs; 26% will use them to guide them in the homebuying process and 25% to visualize how they’d design or renovate a potential home.

Property News 

$500,000 homes go to winners of NFL draft-style lottery

DINA KATGARA, Los Angeles Times (Subscription)
In one Chicago suburb, a shot at the American Dream looks something like this: Balloons, fanfare and an NFL Draft-style raffle, with the 20 chosen ones given five minutes to pick a house priced at roughly $500,000 each. Existing residents of Elk Grove Village can enter a lottery until July 15 for the chance to purchase one of the planned homes, priced from about $466,000 to $508,000, and must agree to live there for at least five years.

In Case You Missed It 

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Resources, Webinars, and Other Items of Interest 

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