Real Estate
  • U.S. new home sales fall sharply; house prices rise

    U.S. new home sales fall sharply; house prices rise

    By Jason Lange, Reuters

    WASHINGTON (Reuters) - Sales of new single-family homes in the United States fell sharply in July to their lowest level in nine months, casting a shadow over the country's housing recovery. Sales...

  • Nasdaq market paralyzed by three hour shutdown

    Nasdaq market paralyzed by three hour shutdown

    By Chuck Mikolajczak and Rodrigo Campos, Reuters

    NEW YORK (Reuters) - Trading in thousands of U.S. stocks ground to a halt for much of Thursday after an unexplained technological problem shut down trading in Nasdaq securities, the latest prominent...

  • Few clues on timing of QE3 reduction in Fed minutes

    Few clues on timing of QE3 reduction in Fed minutes

    By Jonathan Spicer and Steven C. Johnson, Reuters

    NEW YORK (Reuters) - A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying "somewhat" but others counseled patience, according to meeting...

  • Bankruptcy judge to consider opening secret Detroit 'data room'

    By Bernie Woodall and Joseph Lichterman, Reuters

    DETROIT (Reuters) - The city of Detroit may have to open its digital vault of financial information that includes what the city's fiscal future could look like. U.S. bankruptcy judge Steven Rhodes...

  • U.S. July existing home sales jump to three-year high

    U.S. July existing home sales jump to three-year high

    By Jason Lange, Reuters

    WASHINGTON (Reuters) - U.S. home resales jumped in July to their highest level in over three years, suggesting a sharp increase in borrowing costs is having only a limited impact on the housing...