Tag: market

Global Home Improvement Products Market to Reach $1 Trillion by 2030

January 28, 2023 admin

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

New York, Jan. 27, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Home Improvement Products Industry” – https://www.reportlinker.com/p05817573/?utm_source=GNW
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising

Home Improvement

Some condo developers forge ahead despite market dip

January 19, 2023 admin

There was speculation in Toronto’s development industry toward the end of the summer of 2022 that close to 10,000 condo units would be delayed if interest rates continued to rise. Rates have continued to rise, but the sales drop-off appears to have been less than was expected.CARLOS OSORIO/Reuters

As months of slowing sales in new condominiums sees some projects push back their debut into late 2023, other developers are still going full speed ahead.

Todd Cowan of Capital Developments has a somewhat unique insight on this market: Capital ran a successful condo launch right into the teeth of 2022′s

Real Estate

Slow end to the year for real estate market in Kawartha Lakes

January 16, 2023 admin

House sales and prices continued to drop in December 2022 in Kawartha Lakes bringing a slow year to a close.

A slow December closed out a slow year in real estate in Kawartha Lakes as home sales and prices slumped after a year of historic highs in 2021.

The number of homes sold through the MLS system of the Kawartha Lakes Real Estate Association during the month of December, 41, was down more than 24 per cent compared to the same month in 2021, as well as down almost 27 per cent and 23 per cent compared to five- and 10-year averages according to data from the Canadian Real Estate Association.

Overall home sales for the year likewise were down

Real Estate

How buy now/pay later loans are renovating the home improvement market | PaymentsSource

January 10, 2023 admin

Major renovations that cost thousands of dollars typically aren’t impulse purchases. But the home improvement industry still welcomes the speed and ease that made buy now/pay later loans popular.

The U.S. home improvement industry will reach $600 billion by 2025, according to Statista. Bigger costs come with bigger risks, which in turn add friction to the process of applying for financing. But as BNPL lending gradually revolutionizes consumer financing, the opportunity for BNPL specialists to cut into traditional private-label credit card home improvement financing — including through big-box merchants like Home Depot and Lowe’s — is huge, according to

Home Improvement

Harsh warning on US real estate market issued: ‘America needs more housing’

January 6, 2023 admin

Licensed associate real estate broker Brian Lewis breaks down the state of the U.S. housing market as home buyers feel the pain of sky-high mortgage rates.

One real estate expert issued a warning to Americans that the U.S. is suffering from a housing inventory crisis that could further damage the market.

“Here’s the thing about America, we don’t have inventory. Guys, it is tight out there,” real estate broker Brian Lewis said on “The Claman Countdown” Thursday. “In New York City, it’s tight. In Richmond, Virginia, it’s tight. In some areas of Chicago, it’s tight. My Los Angeles offices

Real Estate

Pueblo real estate businesses hit hard by housing market slowdown

December 19, 2022 admin

Pueblo’s real estate market is continuing to slow down, and the fallout is impacting businesses industrywide. It’s not just Realtors feeling the impacts — it’s home builders, mortgage lenders and title companies too.

“Overall, the housing slowdown is having a ripple effect across the industry as we see more title companies, mortgage companies and builders reducing staff,” said Dave Anderson, Pueblo Association of Realtors communications chair.

“There’s layoffs coming, I am sure,” said Randy Nobiensky, self-employed contractor with RH Builders who is seeing the impact on builders and Realtors. “We are all connected, all in the same boat, and with

Real Estate

Quick To Enter the Market, Institutional Investors Now Shedding Single-Family Home Rentals

November 27, 2022 admin

As housing prices tumble across the country, institutional investors that had snapped up properties during a pandemic-induced increase in rental rates are now unloading their properties.

Nationally, profit margins on median-priced single-family homes and condo sales across the U.S. decreased from 57.6% in the second quarter to 54.6% in the third quarter as home prices declined for the first time in nearly three years, according to ATTOM’s recently released 2022 U.S. Home Sales Report.

Meanwhile, Redfin reported earlier this year that the average monthly rent in the United States surpassed $2,000 for the first time in May, rising 15% year

Real Estate