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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Tuesday, June 9, 2026
Top Stories
US home sales surge to the fastest pace this year despite rising mortgage rates and prices
ALEX VIEGA, San Diego Union-Tribune (Subscription)
Sales of previously occupied U.S. homes accelerated last month to their fastest pace since December, a sharp turnaround in demand after a lackluster start to the spring homebuying season.
This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
JACQUELINE MUNIS, Fortune
Finding housing in San Francisco, the country’s most expensive housing market, can be a nightmare. Finding a buyer willing to part ways with unreleased AI stock might be even harder.
Lenders are loosening standards, but (most) analysts aren't alarmed
NICK PIPITONE, Inman (Subscription)
The share of mortgages using alternative lending practices accounted for nearly 6 percent of all home loan originations in 2025, the highest share since the housing crash two decades ago, according to real estate data firm Inside Mortgage Finance. That number has more than doubled over the past three years.
National News
Rising Rates Stall Housing Market Momentum Just After Closed Home Sales Hit Highest Level Since 2022
DANA ANDERSON, Redfin News
U.S. existing-home sales jumped 2.8% month over month in May to their highest level since October 2022. Overall home sales–including both existing and newly built homes–also rose to their highest level since October 2022, rising 3.8% month over month. While closed sales surged, pending sales—a more current market indicator—flattened as mortgage rates rose.
One in five homebuyers is a single woman – here’s what’s driving the shift
KATHY COLLINS, Fortune
Single women now account for roughly one in five U.S. homebuyers, more than double the share of single men. As their presence in the market grows, they’re not only reshaping the demographics of who buys homes but reshaping the market itself with what types of homes they are looking for and the services they need to support their needs.
California News
This new law could create a million new apartments and condominiums in California
ROGER VINCENT, Los Angeles Times (Subscription)
A new state law that allows denser housing development near major transit stops goes into effect in July, opening the door to construction of more than 1 million new units in California’s urban centers. The law forces cities to approve taller apartment and condominium complexes around rail stops, ferry terminals and rapid transit bus stops, overriding local restrictions that might have stopped development in the past.
Bay Area Buyers Bring Bigger Down Payments As AI Wealth Grows
CZARINNA ANDRES, National Mortgage Professional
In some of California's most expensive markets, affordability pressures are no longer being driven solely by interest rates. A growing number of buyers are arriving at the closing table with substantial cash generated through stock sales, employee tender offers, and other liquidity events tied to the AI boom.
Industry News
Two Harbors Challenges UWM To Submit Fully Financed Cash Bid
CZARINNA ANDRES, National Mortgage Professional
Two Harbors Investment Corp. escalated its challenge to UWM Holdings Corp. on Monday, again postponing a shareholder vote and effectively daring the wholesale lender to replace its stock-and-cash proposal with a fully financed, all-cash bid.
Real Estate Technology
How technology is reshaping the refinance opportunity for brokers
THUAN NGUYEN, Mortgage Professional America
Even in a higher-rate environment, refinance remains a major growth opportunity for brokers willing to rethink how they engage borrowers and use technology to stay ahead of the market
Property News
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