Real Estate
  • New home sales race to two-year high in May

    New home sales race to two-year high in May

    By Lucia Mutikani, Reuters

    WASHINGTON (Reuters) - New single-family home sales surged in May to a two-year high and prices rose from a year ago, further signs the housing market recovery was gaining some momentum. The Commerce...

  • Public pensions to give 'clearer picture' of finances

    By Reuters

    WASHINGTON (Reuters) - Public retirement systems will have to make major changes in how they disclose their pension assets and liabilities, under new rules that the board in charge of accounting...

  • Insight: Wells Fargo's mushrooming mortgage risk

    Insight: Wells Fargo's mushrooming mortgage risk

    By Rick Rothacker, Reuters

    WEST DES MOINES, Iowa (Reuters) - The new center of U.S. mortgage lending is a nondescript office building in the American heartland, far from the California subprime lenders and the New York...

  • Great Recession Hurt Some States More Than Others

    The Great Recession drove economic insecurity to record levels in nearly every state in the country, but left residents of the Southeast and West in the most perilous financial position, a new report...

  • Analysis: Grim prospects for Stockton as bankruptcy looms

    By Jim Christie, Reuters

    SAN FRANCISCO (Reuters) - A costly mess, including court battles with employees and lenders that could stretch over years, is likely to await Stockton, California, if it cannot reach a last-minute...