Real Estate
  • Existing home sales fall in June, prices rise

    Existing home sales fall in June, prices rise

    By Reuters

    WASHINGTON (Reuters) - Home resales fell in June but the median sales price was higher than a year earlier as fewer people sold their homes under distressed conditions, giving mixed signals for the...

  • Factory, jobs data show economy mired in weakness

    Factory, jobs data show economy mired in weakness

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - The slowdown in the economy persisted early in the third quarter as factory activity in the U.S. Mid-Atlantic region contracted in July for a third straight month and new...

  • Housing starts bright spot for cooling economy

    Housing starts bright spot for cooling economy

    By Jason Lange, Reuters

    WASHINGTON (Reuters) - Groundbreaking on new U.S. homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling. The...

  • Credit Suisse counters critics with $15.6 billion capital plan

    Credit Suisse counters critics with $15.6 billion capital plan

    By Katharina Bart, Reuters

    ZURICH (Reuters) - Credit Suisse unveiled measures to boost its capital base by 15.3 billion Swiss francs ($15.6 billion), a move that was welcomed by a previously critical central bank and left some...

  • City of Compton may declare bankruptcy by September: officials

    By Ronald Grover and Jim Christie, Reuters

    (Reuters) - The City of Compton, a city of 93,000 people located on the outskirts of Los Angeles, must decide by September 1 whether to seek bankruptcy, according to its two most senior financial...