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Alpine Global Premier Propertie Message Board

  • patroutman patroutman Jan 20, 2008 11:08 PM Flag

    Mexico Real Estate is Booming!

    I guess this is good news for AWP...

    "Mexico is in the early stages of expansion," said Juan P. De Mollein, managing director for Latin American structured finance at Standard & Poor's. "There are still plenty of points for evolution because there's still plenty of demand."

    In the U.S., lenders looking to expand their portfolios granted risky mortgages to borrowers with weak credit, but in Mexico, that "subprime" category doesn't exist, because lenders don't need it to grow. Also, few Mexicans flip homes or refinance mortgages, keeping the market more stable.

5.93+0.04(+0.68%)Nov 24 4:02 PMEST