Home Depot is boosting hourly wages as housing market booms

clear capital in the news cnn

Story by Paul R. La Monica

The housing market is booming. That’s great news for Home Depot — and its workers.

…Housing prices may continue to rise as well. Many people, particularly in cities, are looking to move to the suburbs for more space — especially since working from home is becoming more common.

“There should be resilience in housing. There is pent-up delayed demand contributing to strong home prices,” said Kenon Chen, executive vice president of Clear Capital, a real estate valuation and technology company.

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