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.
Fox Business: Home Spending Rises