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, April 28, 2026
Top Stories
Home Sale Profits Drop Below 45%, Pressuring Move-Up Buyers And Concessions
CZARINNA ANDRES, National Mortgage Professional
Home seller profits just slipped below a key threshold, and for mortgage professionals, the impact isn’t theoretical. It’s showing up directly in deal structure, concessions, and whether transactions hold together. Sellers are still making money; the median profit came in at about $110,100, but that cushion is shrinking. And that shift is starting to ripple through the transaction pipeline.
A Bill Aimed at Creating Homes Is Leaving Plots Empty Instead
REBECCA PICCIOTTO, Wall Street Journal (Subscription)
The U.S. Senate passed milestone housing legislation in March by the landslide vote of 89 to 10. The bill includes dozens of different proposals to make it faster and easier to build homes, such as streamlining environmental reviews and cutting regulations for factory-built homes. But one of the bill’s provisions stopped home builders in their tracks. It would force developers to sell, within seven years of completion, newly constructed homes that they built solely for the purpose of renting.
National News
US house prices freeze in February
LIEZEL ONCE, Mortgage Professional America
On a national basis, home equity is now losing ground against inflation. The February data reveals a critical tipping point: more than half of major U.S. metropolitan markets now post year‑over‑year price declines. This broadening slowdown signifies that the correction is no longer localized to just a few pandemic‑era ‘hot spots.’
Brokers in Illinois under attack with ‘atrocious’ state legislation - is your state next?
MATT SEXTON, Mortgage Professional America
A piece of legislation at the state level has Illinois mortgage brokers and non-banks concerned, and one industry veteran said brokers in other states should keep a close eye on this bill’s potential passage. If passed, it could impose new fees and regulations on independent commercial brokers and non-banks that banks would be exempt from. It also creates new disclosures, which could be confusing to customers.
California News
Study: San Diego is the fifth-most expensive housing market in the nation
PHILLIP MOLNAR, San Diego Union-Tribune (Subscription)
No matter how you slice it, San Diego is an expensive place to own a home. A new index from the University of San Diego’s real estate school uses unique ways to track homeownership costs — exclusively using renter income and breaking down the cost of household expenses across metro areas — but the conclusion is still what locals have come to expect.
Industry News
Vector Markets Aims to Deliver Continuous Digital Trading of Real Estate
World Property Journal
A South Florida digital financial market infrastructure company aims to reshape how global real estate is invested, traded, predicted and financed--by turning property into a continuously traded, liquid and programmable asset class.
Real Estate Technology
Appraisal firm sues rival for using AI to replicate its tech
ANDREW MARTINEZ, National Mortgage News (Subscription)
True Footage sued Automax AI and founder Humza Ahmed last week for fraud, among other counts, in a California federal court, looking to stop the startup from profiting off their new appraisal solutions. The lawsuit says Ahmed fraudulently signed up for True Footage's solutions, including its TrueTracts product, and used large language models to replicate and mimic True Footage's tools for new Automax offerings.
Property News
Will a Los Angeles Megamansion Become America’s First $400 Million Home?
E.B. SOLOMONT, Wall Street Journal (Subscription)
Amid a flurry of $100 million and $200 million listings and sales, a California estate with ties to Qatari royals is hitting the market for $400 million. At that price point, the Los Angeles property is the most expensive home listed for sale in the U.S., surpassing a mansion in Aspen, Colo., asking $300 million and a waterfront home in Key Biscayne, Fla., listed last week for $237 million.
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