Home Depot’s slowing sales suggest Americans feel lousy about housing

Washington, DC CNN — After three straight years of sales growth, Home Depot went into reverse in the first quarter, and sales and profits were expected to tumble again in the second quarter when the company announced its earnings Tuesday. It might be because Americans rarely feel worse about housing. Only 18% said it was a “good time to buy” according to July’s Home Purchase Sentiment Index from Fannie Mae, matching an all-time low. Unsurprisingly, people continue to attribute the challenging housing conditions to high home prices and unfavorable mortgage rates, said Doug Duncan, Fannie Mae senior vice president and…

Best Home Improvement Loans of March 2024

If your home needs some repairs or you want to tackle big remodeling projects, you might need to take out a loan to meet all your goals. A home improvement loan is a type of unsecured personal loan. You can use funds to pay for home-related projects, whether you need to repair floors or gut your kitchen. Best home improvement loans Best for long repayment terms LightStream LightStream has repayment terms up to 144 months, or 12 years, depending on how much you borrow. This is good for borrowers who need to take out a large amount for major home…