Bankruptcy of property firm adds to Spain's economic woes (Roundup)
Prime Minister Jose Luis Rodriguez Zapatero has admitted that the economy has entered into a 'crisis,' after avoiding that word for weeks.
Weeks? Surely it has been months at the very least.
Rafael Pacheco vs. Ash
You cannot speak of a crisis. - Rafael Pacheco, Housing Director, Spanish Government, October, 2007
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
6 hours ago
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