Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    A new struggle for global market share is developing, which is why oil prices are rising.

    July 9, 2025

    According to reports, Zuckerberg’s Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses.

    July 9, 2025

    This year’s second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.

    July 9, 2025
    Facebook X (Twitter) Instagram
    🔴
    Trending
    • A new struggle for global market share is developing, which is why oil prices are rising.
    • According to reports, Zuckerberg’s Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses.
    • This year’s second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.
    • It appears that more tariff letters will be sent. According to a Trump official, a “general” warning will be included.
    • Investors don’t appear to care that U.S. stock dividend yields are getting close to all-time lows. This is why they ought to.
    • Following the tax and spending law, the Treasury route expands as tariffs and supplies test demand.
    • Since the IPO, CoreWeave’s stock has doubled, which is one of the reasons why some experts are wary.
    • According to these analysts, Oracle’s stock is a “standout” in the software industry. Here’s why.
    BourseWatch – Latest Daily Stock Market And Finance NewsBourseWatch – Latest Daily Stock Market And Finance News
    • HOME
    • TOOLS
      • CURRENCY CONVERTER
      • RANKING TABLE
      • STOCK SCREENER
      • FOREX HEATMAP
      • ECONOMIC CALENDER
      • REAL-TIME CHART
      • FOREX SUMMARY
    • MARKET
      1. COMMODITIES
      2. REAL ESTATE
      3. CRYPTO CURRENCIES
      4. CURRENCY / FOREX
      5. ETF / RTF
      6. EQUITIES
      7. INDEXES
      8. View All

      A new struggle for global market share is developing, which is why oil prices are rising.

      July 9, 2025

      Why the oil market’s surge following Russia’s “Pearl Harbor” incident might not last

      June 17, 2025

      The price of silver just reached a 13-year high. There may be more advantages to come.

      June 17, 2025

      Oil Approaches $80 a Barrel Amid Market Strength Indicators

      March 3, 2025

      Real estate stocks in New York City are impacted by Mamdani’s election.

      June 21, 2025

      According to Freddie Mac, mortgage rates have increased by the most in more than a month as market expectations of a Fed rate cut have decreased.

      June 2, 2025

      Following Moody’s downgrading of U.S. credit, mortgage rates rise above 7%.

      May 20, 2025

      Purchasing a home without a home appraisal? Start by reading this.

      May 2, 2025

      A “golden cross” appears on Coinbase’s shares. Why it might not be a bullish indication to purchase.

      June 22, 2025

      Why markets are trembling while bitcoin has surged to a record high of $112,000

      May 26, 2025

      Coinbase expects lower subscription revenue. A lot more went wrong for the crypto exchange.

      May 9, 2025

      Bitcoin and stocks rise together to reach $100,000 once more as market euphoria returns.

      May 9, 2025

      According to a Goldman research, this is the point at which the 10-year Treasury yield poses a “clear problem” for equities.

      May 3, 2024

      These bond funds protect you from fluctuations in interest rates, but there’s a fee.

      June 20, 2025

      Considering purchasing stock in a private-equity exchange-traded fund? Why it is most likely too late.

      June 6, 2025

      The market for stocks is recovering. This is your opportunity to improve your portfolio.

      June 1, 2025

      These ETFs guard against “black swan” stock market events, such as the one we just witnessed.

      April 3, 2025

      Challenges for Tech Giants: Microsoft, Google, and AMD Stocks Take a Hit Despite Strong Earnings

      June 22, 2024

      ECB’s Villeroy Affirms: Oil Uncertainty No Barrier to June Rate Cut

      April 29, 2024

      Federal Reserve’s Move Leaves Regional Banks in a Quandary for 2024

      April 29, 2024

      Israel’s Credit Rating Takes a Dive: S&P Warns of Military Escalation with Iran

      April 29, 2024

      A new struggle for global market share is developing, which is why oil prices are rising.

      July 9, 2025

      Investors don’t appear to care that U.S. stock dividend yields are getting close to all-time lows. This is why they ought to.

      July 9, 2025

      Following the tax and spending law, the Treasury route expands as tariffs and supplies test demand.

      July 9, 2025

      Here are four reasons why “American exceptionalism” isn’t going away as the Fourth of July draws near.

      July 3, 2025
    • ECONOMY
      1. INTEREST RATE
      2. View All

      A watchdog group says the IRS has only made “limited progress” in figuring out how often people making less than $400,000 are audited.

      September 3, 2024

      There is a “ticking tax time bomb” in your 401(k) and IRA. An expert says you should go all-in on Roths instead.

      August 21, 2024

      Like Trump, Kamala Harris wants to keep tip taxes low. Some people think the idea is “very silly,” and it doesn’t matter who comes up with it.

      August 19, 2024

      When Is the Best Time to Change a Roth IRA? Make the Most of This Tax-Smart Move

      August 12, 2024

      It appears that more tariff letters will be sent. According to a Trump official, a “general” warning will be included.

      July 9, 2025

      Trump promises to appoint a new Fed chair shortly. The implications of a “shadow chair” for the stock market.

      June 30, 2025

      Elon Musk refers to the Trump tax bill as a “monstrosity.” Is he powerful enough to prevent it?

      June 19, 2025

      Here is the current status of all Trump tariffs as his 50% import levy on steel and aluminum takes effect.

      June 19, 2025
    • NEWS
      1. ALL NEWS
      2. COMPANIES
      3. CURRENCY FOREX
      4. INDEXES
      5. View All

      Trump’s 10% Tariff Plan Echoes Nixon’s 1971 Strategy: A Closer Look at the Historical Precedent

      April 6, 2025

      Groundbreaking Partnership: Iranian President Ebrahim Raisi Unveils Revolutionary Hydropower and Irrigation Venture in Sri Lanka

      April 2, 2025

      Binance Bombshell: Founder Faces 36 Months in U.S. Jail for Money Laundering Violations

      April 2, 2025

      Polestar’s Strategic Shift: US Plant to Supply Europe Amid Escalating EU-China Strife

      April 2, 2025

      According to reports, Zuckerberg’s Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses.

      July 9, 2025

      This year’s second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.

      July 9, 2025

      Since the IPO, CoreWeave’s stock has doubled, which is one of the reasons why some experts are wary.

      July 9, 2025

      According to these analysts, Oracle’s stock is a “standout” in the software industry. Here’s why.

      July 9, 2025

      China Securities Regulator Halts Restricted Share Lending in Move to Stabilize Stock Markets

      August 14, 2024

      Global Markets Wobble as China’s Evergrande Faces Liquidation, Federal Reserve Meeting Looms

      June 22, 2024

      China’s Stock Slump and Currency Plunge Cloud Asia’s Rate Cut Optimism

      March 22, 2024

      Mexican Peso Ascends to Unprecedented Heights, Instilling Fear in Investors

      March 15, 2024

      Traders Anticipate ‘Once-in-a-Generation’ Opportunity in Emerging Markets as Federal Reserve Hints at Rate Cuts

      April 6, 2025

      LSEG Shareholders Face Showdown: Vote on Doubling CEO’s Potential Pay

      April 2, 2025

      Critical Week for Stock Market as $10 Trillion in Big Tech Earnings Shape S&P 500’s Fate

      March 2, 2025

      Asian Markets Surge Despite Global Uncertainties; Beijing’s Stimulus Measures Boost Investor Confidence

      March 2, 2025

      According to reports, Zuckerberg’s Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses.

      July 9, 2025

      This year’s second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.

      July 9, 2025

      Since the IPO, CoreWeave’s stock has doubled, which is one of the reasons why some experts are wary.

      July 9, 2025

      According to these analysts, Oracle’s stock is a “standout” in the software industry. Here’s why.

      July 9, 2025
    • LIST & RANKING

      The force behind the recent surge in stocks is Big Tech, not the Fed. What investors should know is as follows.

      June 16, 2024

      Top 25 Independent Advisors

      February 27, 2024

      Top CEO’s of the Year

      January 18, 2024

      The Best Online Brokers

      January 18, 2024

      The Most Profitable Businesses

      January 18, 2024
    Donate
    BourseWatch – Latest Daily Stock Market And Finance NewsBourseWatch – Latest Daily Stock Market And Finance News
    Home » We’re done with do-it-yourself jobs. Lowe’s and Home Depot say people are putting off home improvement projects.
    Real Estate

    We’re done with do-it-yourself jobs. Lowe’s and Home Depot say people are putting off home improvement projects.

    Between high interest rates, inflation and economic uncertainty, homeowners are taking a pause on big projects, CEOs say
    August 21, 2024No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    230315082529 02 us new home construction
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Record-high home prices and high mortgage rates have put many people who want to buy a home on hold. Now, people who want to make changes to their homes are waiting.

    Earnings reports from two home-improvement companies show that homeowners have cut back on home projects and renovations, even though house values have gone up a lot in the past year. This is partly because homeowners are worried about inflation and interest rates.

    On August 13, Ted Decker, chairman, president, and CEO of Home Depot HD 0.79%, said that higher interest rates have had an effect on the housing market and housing turnover, which means how quickly homes change hands. Decker said, “That’s also making customers less interested in financing bigger projects.”

    “They are putting off those projects because everyone thinks rates will go down,” he said.

    He said, “there’s just a lot of noise with [the] political and geopolitical environment” as worries about the business as a whole have grown. Decker said that “people just took a pause” because unemployment was going up and inflation was still eating away at people’s extra cash.

    In the same way that buyers have been waiting to buy homes until mortgage rates and prices go down, homeowners are also choosing to be patient, Lowe’s LOW 0.59% CEO Marvin Ellison said on the company’s second-quarter results call on Tuesday.

    “We are all aware that we are living in a time of high inflation and interest rates,” the CEO said. “And that’s why the [do-it-yourself] customer is just sitting there, waiting for some kind of transformation to happen.”

    At the same time, some people who want to buy a house also seem to be waiting, but for different reasons. A recent report from the real estate company Redfin RDFN -0.60% said that buyers may be putting off plans to buy because of the uncertain political climate around the 2024 presidential race. One real estate broker told Redfin that “it’s unclear where the country will be in six months.”

    It’s important for homeowners to be careful, even though their home values have gone through the roof over the past few years, unlike home buyers who have to deal with record-high home prices and high mortgage rates.

    The National Association of Realtors says that the typical price of a home went up from $285,700 in June 2019 to $426,900 in June 2024.

    Home prices have gone up quickly, and many people have taken advantage of this by getting home-equity lines of credit, which are often used to pay for home improvements. A study from the Federal Reserve Bank of New York says that balances on home equity lines of credit, or HELOCs, went up by 20% between 2021 and 2023. TD Bank polled homeowners in November 2023 and found that 38% of those who planned to remodel in the next two years were using or were planning to use a home equity loan or home equity line of credit to pay for the work.

    Some homes are putting off renovation plans, but others have gone ahead with them because they are “locked in” by very low mortgage rates. These people own homes and don’t want to move because the new house will have a much higher mortgage rate. Many people don’t want to sell their homes because 86% of mortgage debt has an interest rate of less than 6%, which is less than the current rate of 6.49%.

    Home repair stores like Home Depot and Lowe’s have done well as people have hunkered down. Ellison said, “Put simply, people aren’t moving nearly as often as they normally do because mortgage rates are so much higher than they were before.”

    He said that Lowe’s business was still driven by strong core drivers. “Home prices keep going up, which is keeping home equity at historically high levels…” “People will need to fix up and improve their homes because the housing stock is getting old,” Ellison said.

    Rates have gone down, which has caused some homeowners to refinance their mortgages and take out wealth from their homes. This is helping some parts of the housing market recover from their slump.

    Fannie Mae data shows that the number of refinances was 77% higher as of August 16 than it was during the same time last year.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Real estate stocks in New York City are impacted by Mamdani’s election.

    June 21, 2025

    According to Freddie Mac, mortgage rates have increased by the most in more than a month as market expectations of a Fed rate cut have decreased.

    June 2, 2025

    Following Moody’s downgrading of U.S. credit, mortgage rates rise above 7%.

    May 20, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Aeries Technology: A Global Professional Services Leader in Business Transformation

    June 10, 2024

    As Christmas sales break records, stock buybacks soar.

    December 5, 2024

    These other stocks, along with Coinbase and Block, could join the S&P 500 in the next shake-up.

    December 6, 2024

    Why Powell and the Fed should stop lowering interest rates in December

    December 7, 2024
    Don't Miss
    Commodities

    A new struggle for global market share is developing, which is why oil prices are rising.

    July 9, 2025

    Despite preparations to boost the flow of crude oil to global markets next month, oil…

    According to reports, Zuckerberg’s Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses.

    July 9, 2025

    This year’s second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.

    July 9, 2025

    It appears that more tariff letters will be sent. According to a Trump official, a “general” warning will be included.

    July 9, 2025
    Stay In Touch
    • Facebook
    • Instagram

    Subscribe to Updates

    Get the latest Update

    Facebook Twitter Instagram

    BourseWatch

    • All News
    • Economy
    • List & Ranking
    • Market
    • News

    Recent Post

    • im 41028142
      A new struggle for global market share is developing, which is why oil prices are rising.
    • im 93174683
      According to reports, Zuckerberg's Meta invests in the Ray-Ban manufacturer, demonstrating their dedication to AI-powered smart glasses.
    • im 771032
      This year's second earnings warning is issued by advertising powerhouse WPP. It attributes this to a failing economy.

    Subscribe to Updates

    Get the latest creative news from BourseWatch

    © Boursewatch. Designed by Asad Rizvi

    • Privacy Policy
    • Terms
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.