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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Thursday, July 23, 2026
Top Stories
Average 30-year US mortgage rate climbs to 6.58%, highest level in nearly a year
ALEX VEIGA, San Diego Union-Tribune (Subscription)
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets.
Pending home sales hit 3-month low as rates climb
JESSI HEALEY, Inman (Subscription)
U.S. pending home sales fell 1.3 percent week over week to their lowest level in three months during the four weeks ending July 19, according to Redfin. The decline came as mortgage rates climbed to an 11-month high and home prices held near record levels, leaving many sellers outnumbering buyers in the market.
National News
Fair Housing Groups Sue HUD Over Funding Changes
ELIZABETH A HARRIS, New York Times (Subscription)
The Department of Housing and Urban Development is changing a longstanding grant program so significantly that it will vastly curtail fair housing enforcement in much of the country, according to a lawsuit filed in federal court on Thursday.
Nearly 1 in 3 mortgage borrowers fears foreclosure, JD Power survey warns
MATT SEXTON, Mortgage Professional America
The share of mortgage borrowers who believe they are at risk of foreclosure has nearly doubled in four years, according to new data from JD Power's 2026 U.S. Mortgage Servicer Satisfaction Study released Thursday. According to the survey, 30% of borrowers now say they fear losing their home, up from 17% in 2022.
California News
Oakland could tap its distressed downtown real estate for revenue with ‘foreclosure tax’
KATE TALERICO, San Francisco Chronicle (Subscription)
A rule of thumb for city finances: if the real estate market is doing well, so are city coffers. But now, as a number of Oakland apartment and office buildings face foreclosure, city leaders are looking to capture revenue from a downturn too.
From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
DANA ANDERSON, Redfin News
The typical San Francisco home now sells for over $1 million more than it did when the housing market hit rock bottom after the Great Financial Crisis. That underscores the region’s remarkably resilient market, largely thanks to the city’s robust tech industry, and, in recent years, its place as the epicenter of the AI boom.
‘Crazier and crazier’: How the Bay Area housing market has shifted this year
CHRISTIAN LOENARD, San Francisco Chronicle (Subscription)
Six months into 2026, the city’s home prices, which during the pandemic took one of the steepest falls in the country, have continued their dramatic rebound. Some of San Francisco’s most exclusive neighborhoods have led the region in home value growth since the start of the year, with artificial intelligence workers and investors competing for a rapidly shrinking number of listings.
Industry News
NAR outlines strategic plan progress: 'The goal is simple'
LILLIAN DICKERSON, Real Estate News
Making good on its promise to keep members informed, the National Association of Realtors has released a new update to its three-year strategic plan that outlines seven initiatives the organization prioritized in Q2. NAR previously released a report in April detailing its Q1 activities.
House subcommittee probes Compass MRED private listing network deal
BROOKLEE HAN, HousingWire (Subscription)
A House Judiciary subcommittee sent July 22, 2026, letters to Compass and MRED seeking briefings on their PLN data partnership. The panel cites risks to transparency, competition, and consumer outcomes, and references related reporting and Zillow’s lawsuit.
Real Estate Technology
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