Foreclosed Homes Flood Mexico Market as Builders Sink
Apr 2, 2013 | Posted by: roboblogger | Full story: Bloomberg
Home repossessions more than doubled last year to a record 43,853 from 2011, according to Infonavit, the state-backed lender responsible for about 70 percent of home loans in Mexico, as the past decade's expansion in government-subsidized housing backfires and adds to a glut of empty homes weighing on the nation's beleaguered builders .
Very informative, well written article.
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