Tag: Rising

Home Depot, Lowe’s to see higher sales as owners remodel amid rising rates

November 22, 2022 admin

Nov 14 (Reuters) – Home Depot Inc (HD.N) and Lowe’s Cos Inc (LOW.N) are likely to report rising sales in the third quarter as Americans continue to spend on home improvements in contrast to other retailers facing declining discretionary spending due to surging prices.

Wall Street analysts see the largest U.S. home improvement chains benefiting as rising interest rates encourage home owners to renovate existing properties rather than move on, while professional contractors have a backlog of work to clear.

“While the prevailing narrative would suggest otherwise, the sky is not yet falling across housing retail,” Wells Fargo analyst Zachary

Home Improvement

With Prices Dropping And Interest Rates Rising, Is Now A Good Time To Invest In Real Estate?

October 23, 2022 admin

One of the biggest decisions a person will make is whether or not they will buy real estate — maybe a house, rental property, duplex or apartment building.

Making such a decision can be very emotional, although it’s very important. It can be both exciting and frustrating to make an offer on a property and be rejected and then to bid on another property and gain exactly what you want.

Real estate buyers have been on an emotional roller coaster since early 2021. The global pandemic caused a tremendous amount of concern about the economy — so much so that

Real Estate

Insurance Costs Are Rising, But Real Estate Investors Could Lose More By Not Being Honest About Their Property

October 19, 2022 admin

New and burgeoning real estate investors are generally fixated on property values, loan rates and, in the case of rental properties, potential monthly revenue. But many are finding that having the wrong insurance, especially for rental property, could result in losing almost every cent invested.

Rental property insurance is more expensive and necessary, but there has been a history of investors lying about the rental status of the property to save money. This can result in a claim not being paid or eventual cancellation of the policy. By being less than forthcoming on the status of an investment property, investors

Real Estate

Canceled Contracts Pile Up As Real Estate Buyers, Lenders Reckon With Rising Rates

August 1, 2022 admin

Some commercial real estate deals are falling apart across the country as the market reels from the highest interest rate environment in over a decade and clouds of economic uncertainty are gathering.

Both construction loans and financing to purchase properties will get more expensive with the Fed’s decision.

As borrowing costs rise, the prices for everything from out-of-favor assets like office buildings and retail to warehouses and apartments are declining as buyers get nervous about future values.

“No one’s immune,” said Eddie Lorin, an affordable, workforce and mixed-income housing developer who co-founded California-based Alliant Strategic Development. “Everybody is getting repriced.”

Real Estate