Why rising interest rates haven't sunk the real estate market -- yet (Detroit News)

Why rising interest rates haven't sunk the real estate market -- yet (Detroit News)
SAN FRANCISCO -- Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a nearly four-year high.

German Stocks Fall, Paced by Commerzbank, Hypo Real Estate, AWD (Bloomberg.com)
Aug. 23 (Bloomberg) -- German stocks fell, paced by Commerzbank AG, Hypo Real Estate AG and AWD Holding AG. The benchmark DAX Index slipped 15.30, or 0.3 percent, to 4926.39 as of 4:59 p.m. in Frankfurt after dropping as much as 0.9 percent earlier.

WASHINGTON--A real-estate trade group reports that sales of previously owned homes fell by 2.6 percent in July. (The Herald-Sun)
WASHINGTON--A real-estate trade group reports that sales of previously owned homes fell by 2.6 percent in July. Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.