New home sales rose by 2.7% in September, according to the Commerce Department. Andrew Snyder says this is an important sign of a rebound in the property market. And that means adjusting your portfolio to include real estate investment trusts (REITs) like Post Properties (NYSE:PPS) and American Campus Associates (NYSE:ACC).

A surprise to few, luxury homebuilder Toll Brothers Inc. (TOL) posted its second consecutive quarterly net loss today (Tuesday), though the results were better than Wall Street expected.

So Labour got smashed in the local elections. No big surprise, really. It’s tempting to quote Bill Clinton’s famous maxim on what decides an election. In fact, it’s so tempting that I will.