Home Improvement Spending Rises During Pandemic

Homeowners are requesting personal loans for home improvement above rates prior to the pandemic, a new study from LendingTree shows.

Requests for home improvement personal loans rose by 7.8% in the first week of June compared to a year prior. About one-third of those applicants said the pandemic influenced their decision. Home remodels appear to be split between emergency home repairs or appliance replacements (which prompted 25% of owners to update) and remodeling or upgrading homes (27%). 

Read more.