Implications: The DealBook story seems to indicate that the recovery is still moving forward. Are you seeing more big-ticket purchases in your market? If not “exploding,” have categories like automotive, home furnishings and home improvements at least stabilized? If you sell big-ticket items, are you seeing more people investigate the purchase… and qualify for financing?
Tuesday, October 18, 2011
Are banks lending money more freely where you live?
In spite of what we’ve been hearing for years with regard to tight credit markets, a story in today’s DealBook explains that many banks have returned to a more aggressive posture when it comes to lending money (especially where well-qualified consumers and businesses are concerned.) Click here to see the story.