0 minute readEuropean stocks tumbled Wednesday after Standard & Poor’s downgraded its debt rating on Spain, compounding sovereign debt fears just as a resolution to the implementation of Greece’s aid package seemed to be in sight. The news hit the euro, pushing it down to a 12-month low. Standard & Poor’s downgraded Spain one notch to double-A from double-A-plus and kept a negative outlook. The ratings agency also said Spain would likely see an “extended period of subdued economic growth” and cautioned that it could face another downgrade.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Test
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
-
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio