Real Estate
  • Jumbo Mortgages Fuel Luxury Real-Estate Market

    By Linda Stern, Reuters

    The luxury real estate revival is being fueled, in part, by a resurgence of so-called jumbo mortgages - those loans, typically over $417,000, that are too big to qualify for purchase by federal...

  • Business spending plans gauge hits 13-month high

    Business spending plans gauge hits 13-month high

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - A gauge of planned U.S. business spending recorded its largest increase in more than a year in January, suggesting growing confidence in the durability of the economic recovery...

  • Home prices cap year with biggest rise since 2006

    Home prices cap year with biggest rise since 2006

    By Steven C. Johnson, Reuters

    NEW YORK (Reuters) - Home prices closed out 2012 with the biggest annual gain in more than six years while sales of new homes spiked in January, the latest sign that the long-suffering housing market...

  • Home prices climb in December, best yearly gain since 2006

    Home prices climb in December, best yearly gain since 2006

    By Reuters

    NEW YORK (Reuters) - U.S. home prices picked up in December, closing out 2012 with the biggest yearly gain in more than six years as the housing market got back on its feet, a closely watched survey...

  • Insight: In Spain, banks buck calls for mortgage law reform

    Insight: In Spain, banks buck calls for mortgage law reform

    By Sonya Dowsett, Reuters

    MADRID (Reuters) - For more than a century, Spanish law has determined that if a person borrows money to buy a home, they can only be freed of the debt when it is repaid. Even in death, the debt is...