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| Articles about Stalls |
| Spanish Property Market Stalls as Bubble Bursts | | 2007-11-16 03:17:00 | | The price of Spanish homes has risen more than 200 percent during the past 10 years, and “[a]t the height of the construction boom in 2005 there were 7,000 estate agents on the Costa Blanca,” according to the Daily Telegraph. Low mortgage rates offset the rising costs of home purchases and now approximately 95 percent of Spanish homeowners have adjustable rate mortgages, according to the Wall Street Journal.However, the Spanish property bubble has popped. In the second quarter of 2007, the rise of property prices was below the rate of inflation for the first time in 10 years. So far this year, 300 of the Costa Blanca’s real estate offices have closed their doors, according to the Daily Telegraph. Spanish homeowners, unable or unwilling to sell, must watch in horror as interest rates rise beyond their reach.
... | | By: Spain real estate news | | |
| | | Compromise Immigration Bill Stalls | | 2007-05-23 01:38:50 | | Immigration Compromise Faces New OppositionProposal Stays Alive, But Foes Lie in WaitBy Jonathan WeismanWashington Post Staff WriterTuesday, May 22, 2007; A01The Senate voted last night to move forward on an overhaul of immigration laws, but even proponents of the delicate compromise proposal conceded that the furor over the deal was surpassing their expectations and endangering the plan.The 69 to 23 vote masked deep troubles from the right flank of the Senate, as well as from the left. Opponents of even conducting a debate on the measure included some unexpected voices, such as freshman Sens. Jon Tester (D-Mont.) and Bernard Sanders, an independent liberal from Vermont. Several conservatives -- and some liberals -- made it clear that they cast a vote to proceed only in order to fundamentally change the proposed legislation in the coming days.With dozens of amendments planned, traps being laid by opponents could upset the fragile coalition that drafted the measure. What's more, Senate... | | By: Dyre Portents | | |
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