Mainecoons Posted May 12, 2023 Report Share Posted May 12, 2023 https://mexiconewsdaily.com/real-estate/mexicos-housing-prices-up-nearly-12-over-last-year/ Supposedly nearly 12 percent. I think that is certainly being reflected locally but if the dollar continues to go down I would expect housing sales to slow. 17.60 this morning. Will it go lower? That all depends on how soon Mexico starts cutting the cete rate to keep the peso from being too expensive. Mexico is now the #1 trading partner of the U.S. Expensive pesos make Mexican exports to the U.S. more expensive. 1 Quote Link to comment Share on other sites More sharing options...
tomgates Posted May 13, 2023 Report Share Posted May 13, 2023 Might be just a reaction to housing prices in the US. I would estimate, based on comparables in my zip code, that the home we bought here in Greenville only 3 years ago is up about 50%. Quote Link to comment Share on other sites More sharing options...
John Shrall Posted May 13, 2023 Report Share Posted May 13, 2023 The Bank of Mexico has an interest rate meeting this coming Thursday. After 15 straight interest rate increases, the consensus is that the current rate will remain unchanged at 11.25%. https://tradingeconomics.com/mexico/interest-rate Quote Link to comment Share on other sites More sharing options...
tomgates Posted May 14, 2023 Report Share Posted May 14, 2023 Just looking at the Chapala MLS site, chapalamls.net , there seems to be little change in prices over the past 3 years, since we sold our house in Ajijic. Quote Link to comment Share on other sites More sharing options...
ibarra Posted May 14, 2023 Report Share Posted May 14, 2023 1 hour ago, tomgates said: Just looking at the Chapala MLS site, chapalamls.net , there seems to be little change in prices over the past 3 years, since we sold our house in Ajijic. That seems strange to me as at least 4 homes in Brisas de Chapala, in the same price range, sold for around 75000 to 100,000 US more than the homes that sold here a year earlier. When I looked at the MLS for our fraccionamiento in December 2022, I was amazed to see the elevated prices on the homes from previous listings. Nothing really selling right now, boom is over IMO, at least for now. 1 Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted May 14, 2023 Report Share Posted May 14, 2023 Some home's we're already inflated, if the inventory drops remaining homes are adjusted. Newly homes for sale will reflect the "large" increase in raw materials etc. Another barometer is number day's on the market Quote Link to comment Share on other sites More sharing options...
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