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The Midland

Homeowners are fixing up instead of moving out, report finds

Homeowners are fixing up instead of moving out, report finds
Photo: KOSA CBS7 / First Alert 7 (Permian Basin CBS) · view original

( InvestigateTV ) — More than a quarter of homeowners are now using money once set aside for their next home to renovate the one they are in, according to a new Bank of America report. Matt Vernon, head of consumer lending at Bank of America, said the shift comes down to affordability and interes...

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