Fox Business: Home Spending Rises

Home Depot hits an earnings home run.  The retailing giant benefits as home prices rise and consumers feel confident about once again investing in improvement projects.  On a nationwide basis, American homeowners have realized a 12% increase in property values over the past year.  That means 1.2MM homeowners are no longer underwater, but we have a ways to go before we undue the damage done from the last bubble – 20% of mortgages remain underwater and another 25% of borrowers have less than 20% equity in their homes.


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