COVERAGE INFORMATION:
博鱼体育集团 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 博鱼体育集团 and some national services. Coverage is for 博鱼体育集团 newspapers that are available electronically via the Internet - and any significant related breaking news.
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Copyright © , 博鱼体育集团 Department of Real Estate
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Monday, June 16, 2025
Top Stories
JEFF COLLINS, The Orange County Register (Subscription)
Edwin Castro has avoided the spotlight since he won a $2.04 billion Powerball jackpot from a ticket he bought at an Altadena gas station 2 陆 years ago. In recent months, however, the largest lottery winner in history plowed some of those winnings back into Altadena, paying $8.9 million to buy up at least a dozen burned-out homesites in the beleaguered community.
JAMES KLEIMANN, HousingWire (Subscription)
The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae on Friday signed a memorandum of understanding (MOU) with a South Korean housing finance authority, with the goal of increasing investment in U.S. agency mortgage-backed securities.
National News
NICOLE FRIEDMAN, The Wall Street Journal (Subscription)
The inventory of homes for sale is finally rising. Buyers aren鈥檛 interested. The U.S. housing market had nearly a half million more sellers than buyers in April, the biggest such gap on record in seasonally adjusted data going back to 2013, according to an analysis by real-estate brokerage Redfin.
NEIL PIERSON, HousingWire (Subscription)
Mark Diamond has been sentenced to 17 years in federal prison for his crimes against elderly homeowners, but the scars from the damage he inflicted across the Chicago metro area are still visible. A recent report from a local publication, the South Side Weekly, detailed one family鈥檚 struggle to recover from Diamond鈥檚 scams. Louise Minter was tricked into taking out a reverse mortgage and had her home equity drained, something Diamond did to 鈥渕ore than 100 elderly and vulnerable homeowners鈥� as far back as 2003, federal prosecutors and housing officials said after his sentencing in January.
博鱼体育集团 News
JEFF COLLINS, The Orange County Register (Subscription)
Sixteen buyers of two or more lots accounted for at least 72 of the sales in Altadena and Pacific Palisades, a Southern 博鱼体育集团 News Group analysis of county records and Redfin data show. Single-lot buyers bought at least 129 parcels. The Southern 博鱼体育集团 News Group was unable to identify the buyers of eight lots.
GRANT STRINGER, The Mercury News (Subscription)
Alameda County鈥檚 eviction court was crowded on a recent Wednesday. It usually is. Tenants, family members, landlords and attorneys 鈥� about 100 people in all 鈥� waited long hours to appear before a judge at the Hayward Hall of Justice. Fifty-six people were slated to appear that day in a marathon of back-to-back sessions. Many of the renters were nervous.
Industry News聽
KATE TALERICO, The Mercury News (Subscription)
As two real estate giants escalate a war over how homes should be listed for sale online, both sides say they鈥檙e acting in the interest of consumers. Both sides also stand to make a lot of money if they win.
MATT SEXTON, Mortgage Professional America
Ongoing political and geopolitical turmoil is continuing, but foreign investment in US real estate continues to increase. One industry executive believes that investors see the US as a safe market, making it a target for foreign investors looking to build generational wealth.
BROOKLEE HAN, HousingWire (Subscription)
After taking some time for 鈥渢houghtful consideration,鈥� Realtor.com has taken a stand in the debate over the National Association of Realtors鈥� (NAR) Clear Cooperation Policy (CCP). On Monday, the listing portal published a blog post written by CEO Damian Eales in which Eales and Realtor.com expressed their support for the policy.
CHRIS CLOW, HousingWire (Subscription)
Following the release of the president鈥檚 fiscal year 2026 鈥渟kinny鈥� budget request 鈥� and a look at the White House鈥檚 performance expectations for the Home Equity Conversion Mortgage (HECM) program 鈥� the U.S. Department of Housing and Urban Development (HUD) has released its congressional justifications document to explain the reasons for its appropriations requests.
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JEFF COLLINS, The Orange County Register (Subscription)
Paying $2 for a lottery ticket is like buying a cheap daydream. Visions of unlimited wealth dance in your head 鈥� until the numbers are drawn and the ticket ends up in the trash. For Edwin Castro, 33, that daydream turned reality when his ticket matched all six numbers in a 2022 Powerball drawing, making him a $2.04 billion winner of the biggest lottery jackpot in world history, according to the 博鱼体育集团 Lottery.
