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Australia should brace for a wave of business failures and growing mortgage stress, the RBA warns, as support measures fall away


Australia’s central bank expects the number of small business failures will “rise substantially” as income and loan pressure builds.

With income support measures and more than $200 billion in loan deferrals set to expire, the Reserve Bank of Australia (RBA) says between 10% and 15% of businesses in hard-hit sectors won’t make it as they run out of cash.

“These businesses are in a tenuous position and are particularly vulnerable to a further deterioration in trading conditions or the removal of support measures,” the RBA wrote in its Financial Stability Review published on Friday.

“Survey evidence indicates that about one-quarter of small businesses currently receiving income support would close if the support measures were removed now, before an improvement in trading conditions.”

While the RBA acknowledged there was “a high degree of uncertainty about the magnitude and timing” of those failures, the prognosis doesn’t look good.

For one, the number

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Red-hot home prices have more consumers saying now is a bad time to buy

People wait to visit a house for sale in Floral Park, Nassau County, New York.

Wang Ying | Xinhua News Agency | Getty Images

Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule.

Demand for housing has been unusually strong, due to the coronavirus pandemic, and supply is historically lean. That is a recipe for high prices, which are now beginning to take their toll on potential homebuyers’ confidence.

The share of buyers who say they think it’s a good time to buy fell in September, from 59% to 54%, according to a new survey from Fannie Mae.

Home values were up nearly 6% annually, according to CoreLogic, a data analytics firm. More consumers now expect those price gains to grow.

The percentage of respondents to the Fannie Mae survey who says prices will go up in the next year increased

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KB Home Increases Quarterly Dividend

Company Raises Quarterly Cash Dividend 67% to $.15 Per Share

KB Home (NYSE: KBH) today announced that its Board of Directors approved an increase in the Company’s quarterly cash dividend on its common stock to $.15 per share from $.09 per share. This 67% increase raises the Company’s annual dividend rate to $.60 per share from the previous rate of $.36 per share, representing a yield of approximately 1.5%, based on the closing price of the Company’s common stock on October 8, 2020.

In addition, the Board of Directors declared the next quarterly cash dividend, at the $.15 per share rate, will be payable on November 26, 2020 to stockholders of record on November 12, 2020.

“As we have become a larger and more profitable company, generating significantly higher operating cash flow, our Board approved a meaningful increase in our cash dividend for the second consecutive year. We are managing

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Smart Home Appliances Market Is Reaching A Value Worth $92.72 Billion By 2027 | Grand View Research, Inc – Press Release

“Grand View Research, Inc. – Market Research And Consulting.”

According to report published by Grand View Research, the global smart home appliances market size was valued at USD 32.30 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.1% from 2020 to 2027.

The global smart home appliances market worth USD 92.72 billion by 2027, at a CAGR of 14.1%, according to a new report by Grand View Research, Inc. Growing urbanization and demand for electrical appliances is likely to propel a huge demand in the upcoming years. In addition, increase in competition for manufacture of production of innovative home appliances is expected to play a pivotal role in shaping the market growth in the forthcoming years.

The demand for smart home appliances such as smart air purifiers, smart lights, smart washing machines, and others is likely to enhance the market growth. Rise

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Home Bancshares: Relatively Cheap Valuation Sets Up A H-O-M-B Run Opportunity (NASDAQ:HOMB)

Investment Thesis

Headquartered in Conway, Arkansas, Home BancShares, Inc. (HOMB) is a $16.9 billion asset holding company and parent to Centennial Bank, a Southeastern commercial and retail bank. Centennial provides a wide range of commercial and retail banking services to businesses, developers, and individuals. With its more than 165 branch location, Centennial offers services across the state of Arkansas, the panhandle and south Florida, Alabama’s Gulf Coast and New York City.

While HOMB has continued to grow much faster than bank peers, some have called into question the long-term net interest margin (NIM) potential juxtaposed against the rate of future earnings growth. While credit is difficult to forecast, I do believe future net charge-offs (NCOs) are going to be limited in nature. Expense management has been a clear priority for the management team, and in my mind, it will be the swing factor for future profitability.

Today, my bullish stance

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City of Longmont Ballot Question 3C: Water system improvements bonds

What it asks: Shall the City of Longmont be authorized to borrow up to $80,000,000 for the purpose of financing water system improvements, including but not limited to the Nelson Flanders Water Treatment Plant Expansion Project and replacement of aging water system infrastructure like treated water storage and raw and treated water transmission lines; and shall the borrowing be evidenced by bonds, loan agreements, or other financial obligations payable solely from the City’s water utility enterprise revenues and be issued at one time or in multiple series at a price above, below or equal to the principal amount of such borrowing and with such terms and conditions, including provisions for redemption prior to maturity with or without payment of premium, as the City may determine?

What it means: Longmont is asking voters’ authorization to sell up to $80 million in bonds — backed by a five-year schedule of water rates

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Orleans Parish property transfers, Sept. 7-11, 2020: See a list of home and other sales | Real Estate News

Below is a compilation of properties sold in Orleans Parish from Sept. 7-11. Data is compiled from public records.

New Orleans

District 1

Banks St. 4517: $355,000, Gayle Farrington and Larry Farrington to Amanda Elise Johns.

Baronne St. 339; Baronne St. 341: $1,775,000, Jon Vaccari Fleming and Stephen Fleming to Anvil South LLC.

Baudin St. 3916-18: $495,500, Pasadena Development Co. Inc. to John P. Moreci and Rebecca A. Moreci.

Baudin St. 4620: $575,000, Haley Goshert Sulser and Michael B. Sulser to David B. Akers and Rita Scheck Akers.

Coliseum St. 1765: $259,000, Louisiana Coastal VIII LLC to Joseph W. Lewis IV and Monica Stewart Lewis.

Coliseum St. 1765: $319,000, Louisiana Coastal Viii LLC to Debra M. Hensley and Phyllis M. Guedry.

Constance St. 1339 – 1341: $727,000, Lauren Ashley Owens Libby, Robert S. Libby and Russell P. Libby to Austin Durant Mozee Carr and Erica Grubbs Carr.

Magazine St. 1552-54:

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Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India



a tall building in a city: Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India


© Vandana Ramnani
Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India

Despite the COVID-19 pandemic, home sales volume jumped by 2.5 times to 33,403 units in the third quarter of 2020 compared to 9,632 in the second quarter of 2020. New residential unit launches increased by 4.5 times to 31,106 units in third quarter, compared to 5,584 units in the previous quarter, a Knight Frank India report has said.

Sales saw an uptick in the third quarter of 2020 over the preceding quarter on account of innovative schemes offered by real estate developers. These included financial benefits, discounts and easy payment options to attract buyers during the period of lockdown. Developers were also able to garner buyer interest through active usage of digital platforms during this period to engage with customers.

Lower home loan interest rate also supported pick-up in residential sales. The

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After divorce, what taxes will I owe on this home sale?

Q. I got divorced a year ago after being separated for more than five years. My ex-wife has been living in the property for the last six years and I lived elsewhere. The gain after paying off the mortgage and closing costs is $77,000. As part of the divorce decree she gets half the money. Do I have to pay capital gains on the whole capital gain or half?

— Divorced

A. To answer your question it is important to understand three basic things about your situation.

The first thing to understand is what your actual capital gain is on the sale. Next is what part of this gain will be taxed by the IRS, and finally, you need to understand what your divorce settlement says and how that will impact your set of circumstances.

Your capital gain is not what you keep in your pocket after the sale of

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Solar & Home Improvement Contractor Point-Of-Sale Lender Dividend Finance Announces New Lending Platform & Broader Loan Product Suite

 

Dividend Finance Inc., a U.S.-based fintech that specializes in point-of-sale lending to solar and home improvement contractors, announced on Wednesday the launch of a new technology platform. Founded in 2013, Dividend claims it is a leading national provider of renewable energy and energy-efficient financing solutions to property owners.

“We give our customers the opportunity to obtain clean energy financing through a comprehensive suite of financing options. Our flagship product, the EmpowerLoan™, continues to expand its product offerings into the storage and home-energy space.”

Dividend reported that in addition to a new solar + home improvement partner portal, it is now offering its solar contractors an array of new products and enhancements including:

  • Dividend Lite: a new single-page URL application
  • New solar loan terms, including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR
  • Flexible credit criteria and funding requirements
  • Same-day approvals and project funding

Skyler

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