TITLE

Spend, Spend, Spend

AUTHOR(S)
Dolan, Kerry A.
PUB. DATE
July 2008
SOURCE
Forbes Asia;7/21/2008, Vol. 4 Issue 13, p112
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the economic development in Latin America. It is stated that the dollar amount of residential mortgages issued in Brazil increased since 2003, to $23.3 billion in 2007. The rise in demand from China for commodities such as iron ore, steel and petroleum also helped its development. It mentions that introduction of more-affordable mortgages in Mexico, coupled with lower interest rates, has fueled a boom in home building thought it still faces a deficit of 4.3 million homes.
ACCESSION #
34379574

 

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