Is the Housing Market on the Rise?
Bloomberg Business recently reported that both Lowes & Home Depot experienced profits in the fourth quarter that beat revenue projections by the most in six quarters. So now you ask… How does this pertain to the housing market?
- Consumer confidenceLowe’s Chief Executive Officer Robert Niblock said, “Consumers are feeling better about their jobs, their wages and certainly feeling better about the value of their home, they are re-engaging in projects that they have put off.”
- Home values raising
- The National Association of Realtors (NAR) reports that the median price of an existing home rose year-over-year for the 35th consecutive month.
The housing market is on the rise! Now is the time to spruce up the house and get ready to list. Contact Team Ardolino, 631-941-6262 or Michael@Ardolino.com, to schedule an appointment to list today or learn what you can do to get the best return on investment.
Source: Keeping Current Matters