Foreclosed Homes Flood Mexico Market ...

Foreclosed Homes Flood Mexico Market as Builders Sink

There are 1 comment on the Bloomberg story from Apr 2, 2013, titled Foreclosed Homes Flood Mexico Market as Builders Sink. In it, Bloomberg reports that:

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 .

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Querétaro, Mexico

#1 Apr 2, 2013
Very informative, well written article.

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