Will more rate drops be needed to spur housing and furniture sales?
While this week’s 1st interest rate decrease in 4 years is indeed welcome, housing affordability remains a key issue, particularly for younger consumers WASHINGTON — …
Category: Consumer financing
August housing completions rise 30.2% over August 2023
Growth in completions and housing starts increase inventory levels as borrowing costs could drop further in light of this week’s 1st interest rate decrease in …
Labor Day promotions seek to move the needle on furniture store traffic and sales
It’s that time of the year once again, the last big summer weekend and also one of the biggest furniture retail sales events of the …
ChargeAfter report highlights gaps in point-of-sale financing
Few merchants surveyed believe their current financing options meet customer needs, which likely limits sales in an already challenged environment NEW YORK — A combination …
Consumer confidence rises slightly in July
Yet purchasing plans for homes is at a 12-year low, indicating a soft market for furniture could continue in the months ahead WASHINGTON — Consumer …
ChargeAfter partners with Snap Finance on embedded lending platform
NEW YORK — ChargeAfter, the embedded lending platform for point-of-sale financing, announces its partnership with Snap Finance, a fast, flexible pay-over-time financing option provider. The collaboration …
May existing home sales fall 2.8% from May 2023
Despite rising inventory levels, home prices continue to rise, placing existing homes out of reach for many first-time buyers WASHINGTON — Existing home sales fell …
TD Bank market survey: Nearly half of respondents concerned about economy
However, nearly 40% anticipate spending on home furnishings to increase in the 2nd half HIGH POINT — A survey by TD Bank at the recently …
Acima Leasing signs multiyear agreement with Levin Furniture & Mattress
PLANO, Texas — Acima Leasing, one of the nation’s leading providers of lease-to-own solutions and a business of Upbound Group Inc., signed an exclusive multiyear …
Consumer confidence remains flat in March
While recession fears have fallen, consumers are concerned about elevated prices and interest rates, which could continue to impact high-ticket purchases such as furniture WASHINGTON …
