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, April 10, 2026
Top Stories
Almost no housing is getting built in S.F. Could this proposal change that?
J.K. DINEEN, LAURA WAXMANN, San Francisco Chronicle
Three years ago the San Francisco Board of Supervisors slashed the percentage of affordable units that developers must include within their market-rate housing projects, arguing that it would help revive a residential construction industry that has been moribund since the pandemic.
Exclusive: Why the slowdown in S.F. housing construction is leading to a new tax battle
LAURA WAXMANN, San Francisco Chronicle
Affordable housing advocates are pushing a new ballot measure in November that would earmark San Francisco’s real estate transfer tax revenue for subsidized housing, setting up a likely fight with Mayor Daniel Lurie amid a difficult budget climate.
Proponents of the new measure said it would dedicate all of the revenue generated by Proposition I — a voter-approved 2020 initiative that increased taxes on high-value real estate deals— to build and preserve affordable housing, rather than leaving the funds available for general city use.
National News
Rates Retreat From Seven-Month High, Offering Spring Buyers a Modest Reprieve
JOY DUMANDAN, Realtor.com
A holiday week and persistently high mortgage rates had an effect on housing inventory. New home listings were significantly lower, according to this week's Realtor.com® Weekly Housing Trends report.
Prior to the ceasefire announced days ago, mortgage rates shot up based on the economic and geopolitical uncertainty.
California News
Karen Bass seeks council approval of $360-million allocation for affordable housing
NOAH GOLDBERG, Los Angeles Times
Los Angeles Mayor Karen Bass and City Councilmember Ysabel Jurado called Thursday for allotting more than $360 million to developers and nonprofits building and preserving affordable housing projects.
The appropriation, which requires City Council approval, would fund 80 projects, with construction of 1,528 new units and repairs to more than 2,500 affordable units in need of work.
After years of delays, major affordable housing project finally breaks ground in the Mission
LAURA WAXMANN, San Francisco Chronicle
As commuters stream through the 16th Street Mission BART Station, a familiar corner has given way to change: A decades-old building that stood behind the station is gone, its absence marked by a construction fence. Behind it, work is underway on a 136-unit development that will reshape the Mission District transit hub into a model for supportive housing.
The official groundbreaking ceremony for what will be a nine-story building — the first of three planned as part of the larger “La Maravilla,” or the Marvel in the Mission project — is scheduled for later this month, but site work has already begun at 1979 Mission St.
Industry News
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Real Estate Technology
‘An endless battle’: How real estate pros can stay ahead of deepfake fraudsters
Housing Wire
A vacant land transaction in Maryland nearly became the latest victim of deepfake fraud last week when artificial intelligence (AI) was used to impersonate the property owner during a live video session.
That roughly $100,000 deepfake fraud attempt was stopped by identity verification and transaction security platform Proof during a remote notarization, the company said.
The incident highlights a continued vulnerability in real estate transactions, particularly those involving out-of-state sellers or vacant land where in-person verification is impossible.
“Real estate fraud isn’t always a high-volume issue, but it’s an incredibly high-impact issue,” Proof CEO and co-founder Pat Kinsel told HousingWire. “A lot of title companies will say, ‘It hasn’t happened to me,’ and then when it does happen to them, it’s devastating.
Property News
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