Moves at federal level likely to help real estate industry rebound, local experts say
Under new President Joe Biden, residential real estate is likely to see positive trends toward first-time home buyers' incentives, updated fair-housing policies and additional moratoriums on homeowner foreclosures due to the pandemic, all efforts that national trade associations and metro Detroit…
U.S. pizza sales, booming in pandemic, start to slow for Domino's and others
After a pandemic-fueled boom, U.S. pizza sales appear to be headed back to earth.Domino's and Papa John's pizza chains both said Thursday that their same-store sales lost steam in the fourth quarter compared to the huge increases they saw earlier in 2020. Same-store sales are expected to continue…
Homebuyers compete to score in metro Detroit residential real estate frenzy
Metro Detroit's spring residential real estate market is coming in like a lion, setting a blistering pace for already frantic homebuyers who are willing to wave extra cash at any available house, a scenario where agents and brokers are working long hours to find new listings before rising interest…
COPENHAGEN, Denmark (AP) — Sales of Lego sets surged last year as more children stayed home during global pandemic lockdowns - and parents bought the colorful plastic brick toys to keep them...
COVID-19 drives sales bump for Benton Harbor-based high-end furniture maker
The nationwide move to working from home has been devastating to such makers of office furniture as Steelcase Corp. of Grand Rapids.It has been a boon, though, for Vincent Leman, the owner of a small furniture business in Benton Harbor. Sales jumped 60 percent last year, all of that increase coming…
PayPal profit tops estimates as pandemic drives online spending to record levels | Reuters
PayPal Holdings Inc beat Wall Street estimates for quarterly profit on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions driving record levels of payment volumes for both the quarter and the year.
As America devours more wings than ever, restaurants double down
America's appetite for chicken wings appears unending and restaurant chains of all sorts are rushing to feed it.It might seem impossible, but the pandemic actually made one of the country's favorite menu items even more popular. After governments forced restaurants to close and curtail indoor…