Home Depot Warns Of Price Changes From Tariffs
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Home Depot costs up
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Home equity is the portion of a house that the homeowner holds outright — the difference between the house's value and the total amount they owe on the home. As their equity increases, homeowners can borrow against their home,
Home Depot's sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street's expectations.
Given that the median U.S. home sale price is $410,800, according to data from the Federal Reserve, many middle-class homeowners still fall under the exemption limits. However, the sharp rise in home prices over the past 30 years means more owners are now exceeding those limits and facing unexpected tax bills.
Selling the family home brings emotions and financial questions. Here’s how to talk about proceeds, loans, inheritance, and estate planning.
Home Depot customers are putting their big home-improvement projects on hold as worries about the economy and interest rates have them sticking to smaller projects. While people may be painting again and working on their yards, they aren’t pulling the trigger on larger improvements, said Home Depot CEO Ted Decker during Tuesday’s earnings call.
Home Depot stuck by its full-year outlook, even as the company came in slightly shy of Wall Street's expectations for quarterly earnings and revenue. In an interview with CNBC, Chief Financial Officer Richard McPhail said the company continues to see the effects of a "deferral mindset" from homeowners,
Home Depot kept its annual forecasts intact despite posting muted quarterly results on Tuesday, but said some products may see small price hikes due to tariffs after previously suggesting they would generally not change.
Power outages are becoming more common and, for some homes, a home generator can be a critical investment for safety and peace of mind.