Spain currently does not have any plans of changing the 90-day rule. Technically, this rule is not under Spanish jurisdiction, as it is a rule that applies to the whole Schengen Area.
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Spain is a party to the Schengen Agreement. This means that U.S. citizens may enter Spain for up to 90 days for tourism or business without a visa. Your passport should be valid for at least three months beyond the period of stay.
Once you leave, you cannot return to Spain (or Schengen) without a visa until a further 90 days have gone by. For example, if you have spent 90 days in total in Spain and leave on June 29th, you cannot go back without a visa until at least September 28th.
Yes, any foreigner can purchase a house in Spain. The main thing you will need is a NIE number, which is the identification number given to foreigners in the country. However, there are different types of NIEs, depending on your situation or where you're from.
Can I drive with my U.S. driver's license in Spain? U.S. citizens who plan to drive in Spain must obtain an international driving permit (IDP) prior to their arrival. An international driving permit translates your state-issued driver's license into ten languages so that officials in foreign countries can interpret it.
There is nothing to stop you renting a permanent (long-term) apartment in Spain from legal point of view, but most landlords only let to people with Spanish job, or with residence permit such as TIE with income such as pension.