In recent years the real estate industry is the boom in all its five sectors, ie residential, commercial, industrial, retail and investment. Although there have been many reports and rumors about the decline of the mortgage and real estate market, growth has been fairly stable in the first half and will grow further in the second half of the year 2007. This is evident in the economic indicators such as constant rates, a falling dollar, changing demographic aims, growing stock market and a few other things.
number of immigrants in the U.S. ranges rising at a brisk pace. It is estimated that by 2010, the number of immigrants will raise about 12 million. The demand for home ownership among this section will be built for almost 30% share of the U.S. market to 2010.SAD real estate industry is going nowhere but up top.
The mortgage market is growing as well. According to a survey of mortgage originations, fixed-rate loans make up 46.2% of dollar volume for first mortgages in the second half of the year. In the first half, fixed-rate loans make up 43.3% of those loan dollars. In terms of number of loans originated during the period, 60.5% were fixed rate in the second half of the year, compared to 54% in the first.
total increased volume of mortgage loans in the second half of the year by 11% compared with the amount in dollars in the first half and up to 19.4% based on loan count, according to grupi.Hipoteka Bankers Association said the increase in originations is due to increased volume of home purchase and refinance volume increased.
with two major industry boom, the stock market is also high. Although financial markets were volatile in recent weeks, the credit situation has become close to some homes and businesses, and the housing correction is ongoing, the economy seems likely to continue to get bigger at a moderate pace during the coming time, supported by solid growth employment and income and a healthy global economy.
Given the importance of well-functioning financial markets, surprisingly little attention has been devoted to Mexico's recent progress in laying the foundations for a world-class financial sustava.Niz quiet reforms-many enacted in just the past few years points to the financial big bang in the making . This rapidly growing market for mortgage-backed securities Mexico is a prime example of success in financial development. Not so long ago, to finance the purchase of the house is failing, and getting it usually requires a down payment of 50 percent or more for a relatively expensive adjustable rate loans. Today, a rapidly growing number of people have access to competitively priced, fixed-rate mortgages.
All of the above facts indicate the success story of the role of the mortgage and real estate industries in the economy progress.
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