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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Wednesday, June 3, 2026
Top Stories
Economic Uncertainty Weigh on New Home Construction
MONSEF RACHID, World Property Journal
Rising borrowing costs, elevated building expenses and persistent affordability concerns are reshaping the geography of U.S. home construction, pushing more single-family development into smaller and lower-cost communities while slowing activity across major metropolitan markets.
List prices see sharpest annual decline in nearly a decade
LILLIAN DICKERSON, Real Estate News
Median list prices saw the largest decrease in at least nine years in May, according to Realtor.com's latest monthly housing report, as homesellers adjusted their expectations to keep buyers interested this spring. Economists said falling list prices plus other positive factors, like increased inventory in some regions and fewer price cuts, are all signs of a normalizing market — but it's still too early to determine if it will last into summer.
National News
Mortgage applications fell again even as 30-year rates eased
SARAH WOLAK, HousingWire (Subscription)
MBA data for the week ending May 29, 2026, showed mortgage applications fell 2.5% as the 30-year fixed rate declined to 6.57%. Purchases fell 3% seasonally adjusted, and refis fell 2% but were 20% higher than a year ago.
More Homebuyers Turn To Shared Ownership To Overcome Affordability Challenges
CZARINNA ANDRES, National Mortgage Professional
For a growing number of prospective homeowners, qualifying for a mortgage no longer means relying on a spouse's income. Instead, buyers are increasingly teaming up with friends, siblings, and other partners to purchase homes together.
Sellers Are Pulling Their Homes Off the Market at Near-Record Rates as Buyers Reject High Prices
DANA ANDERSON, Redfin News
Nationwide, 5.8% of all U.S. home listings were taken off the market in April. That’s tied with December 2025 for the highest share since March 2020, when the onset of the pandemic ground the housing market to a halt and spooked sellers. Prior to 2020, delistings were never as common as they are now.
Home Price Growth Remains Positive Despite Higher Mortgage Rates
CZARINNA ANDRES, National Mortgage Professional
Home price appreciation remained positive but subdued in April, according to the latest Home Price Index from Cotality. The report suggests the housing market is stabilizing rather than accelerating, with fewer markets posting annual price declines and stronger performance emerging in select regions despite persistent affordability challenges.
California News
San Diego voters rejecting measure that would heavily tax second homes
LORI WEISBERG, San Diego Union-Tribune (Subscription)
A highly divisive measure that would impose a hefty tax on the owners of second homes that lack a full-time resident was failing to garner majority support from San Diego voters in early returns Tuesday night.
An S.F. affordable housing project cost half as much as usual. Can it be replicated?
LAURA WAXMAN, San Francisco Chronicle (Subscription)
The first affordable housing development from a new nonprofit-private sector partnership is testing whether Bay Area developers can achieve what the industry has struggled to do for decades: build housing faster and for less money.
Industry News
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Real Estate Technology
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Property News
How an Inman reporter represented himself and used AI to buy his dream home
TAYLOR ANDERSON, Inman
We had been waiting for a response for three months when the email I was waiting for in agony finally came. A neighbor who was planning to sell her home agreed to show it to my wife and me. The ensuing four months gave me greater insight into the everyday work that Inman readers — the real estate professionals who run the industry — put in to make a living.
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