August 17, 2012
Tobias Nergarden issued his observations on the news that Home Depot has received high second quarter profits, which many take to mean that the housing market has begun to improve. RealEstateMarketingInsider.com today stated, “Home Depot’s improvement in profits may help home sellers because it means that there are more buyers out there for those of you who want to sell your home online.”
Home Depot’s second quarter profit results reveal that the company made a net profit of $1.5 billion. These are significant numbers because many involved in the real estate industry and real estate internet marketing, as well as experts from Reuters and the Associated Press see Home Depot as a company whose profits lead the housing market. In other words, when Home Depot sees a decline in profits, as it did in 2006, a drop in the housing market is imminent and when they go up, as they did this summer, the market is improving.
Home Depot is a chain of stores that specializes in home improvement supplies and tools. These stores are considered “big box” or “warehouse” stores and are found throughout the United States. Even though it is the largest business of this type in the United States, it has a fairly short history as it was founded in 1978 and spread rapidly over the next few decades. There are also Home Depot stores in Canada, China, and throughout Latin America.
Reuters is an international news organization. Headquartered in London, it strives for journalistic integrity while suffering from accusations of bias...While Reuters is headquartered in Europe, they employ journalists all over the world, including many Americans. Many newspapers in the United States reprint Reuters articles.
The Associated Press (A.P.) is an American news cooperative that is owned and contributed to by the various newspapers and other publications and media organizations that print its material. This basically means that these groups can print any A.P. article and that the A.P. can pick up and reprint any article written by an employee of one of these member organizations.
Real Estate Marketing Insider today commented on the increased second quarter profits by Home Depot that experts indicate means a stabilization of the housing market.
About Real Estate Marketing Insider:
Real Estate Marketing Insider is a publication for real estate professionals with the goal of providing tips, analysis, and news about events in the real estate industry. Real Estate Marketing Insider is headquartered in La Jolla, California.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebonline-real-estate-market/home-depot-profits/prweb9810760.htm