Consorcio ARA SAB Chairman German Ahumada Russek says the 2009 recession caused revenue at the Mexican homebuilder to stall. As the economy improves this year, he expects total sales will increase 10%. “There’s practically no inventory in Mexico City,” said Russek, chairman of the country’s third-largest homebuilder by market value. “People are definitely a lot more optimistic now that employment is recovering.”
Mexico housing recovery signals gain for homebuilders
Most Popular Articles
Latest Articles
Secondary mortgage market adjusts to higher-for-longer rates
A range of experts across a variety of secondary mortgage market sectors offered their thoughts on the market dynamics at play.
-
Keller Williams faces another lawsuit by a former agent
-
Former eXp agent accused of sexual assault sues the firm for defamation
-
eXp posts $15.6M loss in Q1 2024
-
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
-
Zillow believes the evolution of the industry will only help it grow