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Aging Housing Stock Fuels Home-Improvement Boom
Lowe’s states exact-keep product sales rose 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 4Q 2021, in aspect for the reason that the housing inventory is growing old and a lot more frustrated purchasers are opting for 30-moreover year-aged properties. NEW YORK – The household enhancement increase reveals couple of signals of slowing down. Lowe’s explained to shareholders Wednesday its identical-retail outlet gross sales ended up up 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the fourth quarter. The company also raised its sales forecast for the calendar year to $99 billion. That was soon after Household Depot claimed an 8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in similar-store product sales the working day right before. One big explanation for the advancement: a housing stock that is…
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Marin fraudsters’ scheme fuels $437M property selloff
The fallout of a massive fraud scheme by Marin investment supervisors has resulted in a $436.5 million sale of North Bay properties. The sale concerned 60 web pages formerly controlled by Expert Fiscal Buyers Inc. and its involved fund, Professional Investors Stability Fund Inc. The principal, Ken Casey of Novato, died in 2020. The qualities, amounting to far more than 1.4 million sq. ft, ended up sold off final month in federal bankruptcy courtroom. They qualities assortment from 3,500 square toes to 85,000 sq. feet, together with 935 residences and around 680,000 square feet of commercial room. “It’s a single of the largest portfolio gross sales in our county’s heritage,”…
