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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Monday, July 6, 2026
Top Stories
Gen Z claims a record share of US purchase mortgage market
LIEZEL ONCE, Mortgage Professional America
Gen Z buyers claimed a record one-in-five share of all purchase mortgage rate locks in the second quarter of 2026, even as affordability pressures pushed more homebuyers toward non-traditional down payment sources, according to Intercontinental Exchange's July 2026 Mortgage Monitor report.
U.S. government pivots to sell-off: Federal agency sells $614M worth of real estate
MARY DIDUCH, The Real Deal (Subscription)
The federal government hasn’t managed to slash its office rent bill under President Donald Trump, but it has found another way to save some cash: selling off the buildings it owns. The strategy marks a departure from the early days of the Trump administration, when the Department of Government Efficiency, or DOGE, aggressively targeted the GSA’s leases in an attempt to shrink government spending.
National News
American Voters Cross Party Lines to Back Federal Housing Affordability Measures
MICHAEL GERRITY, World Property Journal
A new survey by real estate brokerage Redfin found that nearly four in five U.S. adults support tax incentives for first-time homebuyers and government policies aimed at reducing housing costs, with Republicans and Democrats expressing broadly similar views on a range of proposed solutions.
Remodeling boosts private residential construction spending
COLIN MCNAMARA, National Mortgage News
According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending rose 0.3% from April and 1.8% from a year ago to a seasonally adjusted annual rate of $930.2 billion in May, marking the third consecutive month of gains, although at a slower pace.
For some families, the answer to the housing crisis is in the backyard
JULIE Z. WEIL, Washington Post (Subscription)
Twenty-four states have passed laws meant to enable construction of “accessory dwelling units,” or ADUs: separate housing units attached to or located nearby existing homes. The ADUs might be converted basements, over-the-garage apartments or, frequently, small homes built in backyards.
California News
One of the Bay Area's longest housing sagas may finally be ending
ANGELA SWARTZ, SFGate
The East Bay city of Lafayette doesn’t usually make the news. In 2020, a New York Times article highlighted a yearslong fight over plans to build 315 apartments in the city. It can take years from inception to actual building on housing projects, but this development has been particularly slow going. Now there’s increased pressure from the state to build.
These Bay Area suburbs are the furthest behind on their housing goals
OLIVIA BORGULA, San Francisco Chronicle (Subscription)
Recently released data from the state’s Housing and Community Development Department shows that most Bay Area cities are not on pace to permit the number of homes the state says they should by January 2031. The latest city-reported figures, which run through 2025, cover nearly three years of the eight-year housing cycle that began in February 2023.
Industry News
Could a $475 Compass fee spark the next wave of real estate lawsuits?
BROOKLEE HAN, HousingWire (Subscription)
Litigation over brokerage transaction fees may increase as buyers review costs under post settlement compensation rules. A Florida lawsuit against Compass challenges a $475 fee and attorneys say a successful class action bid could prompt similar cases.
Real Estate Technology
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Property News
Est. 1776: Some of Our Country’s Oldest Homes for Sale
SARAH PAYNTER, Wall Street Journal (Subscription)
In the U.S. today, few homes date to 1776, and most of them are located in the original 13 colonies. The owners of these homes accept that the history comes with a few quirks, from low ceilings and unique window sizes to haphazard mechanical systems added over time. Sometimes, renovating them can take decades and hundreds of thousands of dollars.
In Case You Missed It
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