Angst and denial as Spain's property boom ends
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On a street corner in Tetuan, a working-class area of Madrid, hand-written "for sale" notices have faded to yellow as owners hold out months for their asking prices, refusing to believe that a nine-year property boom is over.
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Pending home sales fall, but also prove opportunity for long-term investors.
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Business & money: Many have lost their homes after repayment pledge failed to avert repossession.
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For aspiring homeowners who&#39;ve been struggling to catch up with runaway prices in San Diego County, there&#39;s another bitter pill to swallow.
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He was one of Spain's top bullfighters but mysteriously withdrew from the ring at the peak of his career. Now he is back, electrifying the national pastime with plans to perform in a city where anti-bullfighting sentiment is strong.
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A row over whether the last visible vestiges of the regime of former military dictator General Francisco Franco should be removed continues to rumble on in Spain after the conservative Madrid government rejected left-wing proposals to remove them from the capital.
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NEW YORK -- Once relegated to the lower rungs of the US economic ladder, Hispanics are emerging into a new era of affluence, and bankers and investors are taking notice.
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The Spanish energy sector, the scene of clashes between political and corporate forces in the last 12 months, was the scene of more titanic stake-building moves.
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Tiffanyâs holiday slowdown was unexpected and sent jitters through the luxury-goods industry, which had seemed invulnerable, even as the housing market began to sputter.
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Distinctions between local economies are being overridden by a mortgage market that has made it more difficult for many would-be homebuyers to obtain financing.
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As dozens of condominium towers conceived during Floridaâs real estate boom near completion, investors who snatched up units are trying to break contracts.
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As an economic slowdown and the subprime mortgage crisis deepen across the United States, Hispanic immigrants are increasingly in danger of losing their jobs and their homes.
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Two years ago, at the height of the housing boom, developers realized that hotel property had fallen out of favor. Residential property was worth more, and travelers weren't willing to pay top dollar to stay in fancy hotels.
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And so the great real estate boom has ended. Left in its wake are anxious sellers and hopeful renters, fidgety buyers and freebie-wielding developers, deserted open houses and blocks crowded with for-sale signs, scaled-back retirement plans and first-time homes that suddenly seem within reach.
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The discount broker finally throws in the towel on home mortgages.
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The realty space is being disrupted.
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A deal for Countrywide and airline consolidation had investors in a tizzy as trading closed in New York.