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More Americans Using Debt For Home Improvement - Yahoo Finance

Home improvement retailer Lowe's boosts stock buyback program to up to $7.4 billion | Star Tribune

9 percent plan to pay with a home equity line of credit, or HELOC. (Last years numbers were not available.) 7 percent plan to pay with a loan (up from 6 percent last year). That means more homeowners will also be paying interest on top of the outright costs of their projects. Do you plan to finance home repairs with credit because you lack an emergency fund?
For the original version including any supplementary images or video, visit http://finance.yahoo.com/news/more-americans-using-debt-home-200053904.html

When a company buys back its shares, it returns cash to its shareholders and also boosts its per-share earnings. The improving U.S. economy has given homeowners more money and confidence to do work on their houses, a boon for retailers like Lowe's and Home Depot. Many economists think the housing market will improve in the spring. have climbed 52 percent over the last year and are trading around all-time highs.
For the original version including any supplementary images or video, visit http://www.startribune.com/business/297068921.html

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