Problems with low appraisals are causing more real estate professionals to include appraisal contingencies in their sales contracts.
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For-sale inventories remain at historic lows nationwide, but in California, inventories have become particularly constrained.
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In the first half of this year, house flips increased 25 percent compared to a year earlier. Investors are reporting profits from their flips, too.
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Wells Fargo & Co. and J.P. Morgan Chase are reporting record profits in the last three months, and they’re attributing it to a rise in mortgage lending.
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Two spyware programs are becoming an increasing threat to Android smartphone users.
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Analysts call the recent uptick in second home mortgages a small but significant sign of growing confidence in the real estate market.
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