Those who follow US house prices on a month to month basis will have taken note of some interesting statistics released this week.
According to figures from March quoted in Bloomberg, American home prices slumped "by the most in 16 months, indicating residential real estate will keep weighing on the expansion". We can see that, despite signs that the economy is returning to life, consumers are still reluctant to sell their property. A few years on from the subprime crisis, it is still clear that home services franchise remains a solid investment.
Follow this logic: if house sales continues to lag, that means that people are choosing to stay in their homes. The decline of houses though is inevitable. That means that people will turn to home services franchises to help them with an array of refurbishment projects. Franchise Direct's home services franchises is quite diverse: there are 13 different subcategories covering everything from handyman franchises to junk removal franchises to repair and painting franchises.
There's opportunities here for people who can make sales, as well as handymen (and women) who are looking for a better business plan to redefine their career. America's relationship with their homes are changing. As people hold onto their homes longer, these franchises will continue to grow.