A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas. Lowe's recently reported second-quarter earnings and improvements that show increased sales and the surpassing of analysts' expectations. (Photo by Brandon Bell/Getty Images)

The home improvement chain Lowe’s is doing what it can to help many of their employees with rising costs due to inflation. According to CBS News, the Mooresville, North Carolina-based company just announced they will be handing out $55 million in bonuses to their hourly retail workers.

“In recognition of some of the cost pressures they are facing due to high inflation, we are providing an incremental $55 million in bonuses to our hourly frontline associates this quarter,” Lowe’s CEO Marvin R. Ellison announced. “These associates have the most important job in our company and we deeply appreciate everything they do to serve our customers to deliver a best-in-class experience.”

It appears that Lowe’s is currently in a good position to do something like this. Thanks to increased sales, the retailer recently reported second-quarter earnings that surpassed analysts’ expectations.

Lowe’s has about 300,000 employees, and the company didn’t specify how much each person will get, or when they’ll get it. Not only is this a nice thing to do for their workers, it may also go a long way to retaining them as employees at a time when that has been a challenge for many businesses.

North Carolina City One Of The Best To Purchase A Fixer-Upper

The U.S. housing market continues to be a little crazy. And buying a fully updated home can be out of the question for many people. First-time and experienced buyers may see the benefit of a fixer-upper. It can be a good investment as purchasing a home that needs extensive remodeling can get you a good price. But how good that return on investment depends a lot on where you’re looking to buy. If you’re looking to purchase a home in North Carolina, you’ll be glad to know one NC city did rank as one of the best to buy a fixer-upper! The study was conducted by StorageCafe!

Though I must relay a story for a word of caution. Just because you’ve watched HGTV and think you can doesn’t mean you should take this on by yourself. A good friend of mine just had her entire bathroom vanity detach from the wall after the previous owner did their own renovations. For long-lasting and quality renovations you should make sure to consult the experts. That slightly increased cost can save you in the long run!

What Makes Raleigh North Carolina such a great place to buy a fixer-upper:

  • Fixer-uppers in Raleigh represent 4% of the existing homes for sale.
  • The fixer-upper discount represents about 28% of the listing price, a more than hefty saving.
  • In fact, buying a fixer-upper shaves approx. $137K off the price of a turnkey home here.
  • In line with national trends, fixer-uppers are smaller than standard homes, but outdoor space makes up for it. Median lot sizes in Raleigh are an impressive 56% larger for fixer-uppers than for turnkey listings, translating to about 21,780 sq. ft. of space.

To come up with this list StorageCafe used 11 key indicators of fixer-upper market potential. Their ranking metrics rank from median purchase price to fixer-upper inventory and discounts, median home space, and lot size for a fixer-upper as compared to a regular home.

You can read their full analysis here or read on for the top 15 cities to purchase a fixer-upper.

  • 1. Milwaukee, WI

    Milwaukee

    Fixer Upper Listing Pric3: $79,900

    Fixer Upper Discount: -59.0%

    Fixer Upper Share of Home Stock: 12%

  • 2. Philadelphia, PA

    Philadelphia

    Fixer Upper Listing Price: $145,000

    Fixer Upper Discount: -51.7%

    Fixer Upper Share of Home Stock: 26%

  • 3. Detroit

    Detroit

    Fixer Upper Listing Price: $59,900

    Fixer Upper Discount: -47.95%

    Fixer Upper Share of Home Stock: 22%

  • 4. Memphis

    Memphis Tennessee TN Downtown Drone Skyline Aerial.

    Fixer Upper Listing Price: $109,900

    Fixer Upper Discount: -44.5%

    Fixer Upper Share of Home Stock: 18%

  • 5. Baltimore

    Maryland

    Fixer Upper Listing Price: $107,500

    Fixer Upper Discount: -48.8%

    Fixer Upper Share of Home Stock: 25%

  • 6. Jacksonville, FL

    Jacksonville, Florida Skyline

    Fixer Upper Listing Price: $199,900

    Fixer Upper Discount: -43.8%

    Fixer Upper Share of Home Stock: 10%

  • 7. Dallas, TX

    Dallas

    Fixer Upper Listing Price: $325,000

    Fixer Upper Discount: -44.4%

    Fixer Upper Share of Home Stock: 9%

  • 8. Louisville, KY

    Louisville

    Fixer Upper Listing Price: $170,000

    Fixer Upper Discount: -47.7%

    Fixer Upper Share of Home Stock: 7%

  • 9. Miami

    Miami

    Fixer Upper Listing Price: $450,000

    Fixer Upper Discount: -38.8%

    Fixer Upper Share of Home Stock: 9%

  • 10. Fresno, CA

    Fresno

    Fixer Upper Listing Price: $289,839

    Fixer Upper Discount: -34.9%

    Fixer Upper Share of Home Stock: 5%

  • 11. Raleigh, NC

    Raleigh

    Fixer Upper Listing Price: $350,000

    Fixer Upper Discount: -28.1%

    Fixer Upper Share of Home Stock: 4%

  • 12. Oakland, CA

    Oakland

    Fixer Upper Listing Price: $564,499

    Fixer Upper Discount: -37.2%

    Fixer Upper Share of Home Stock: 5%

  • 13. Kansas City, MO

    Kansas City MO

    Fixer Upper Listing Price: $155,000

    Fixer Upper Discount: -60.2%

    Fixer Upper Share of Home Stock: 7%

  • 14. Atlanta, GA

    Atlanta, GA

    Fixer Upper Listing Price: $249,450

    Fixer Upper Discount: -54.6%

    Fixer Upper Share of Home Stock: 8%

  • 15. Indianapolis, IN

    Indiana

    Fixer Upper Listing Price: $190,000

    Fixer Upper Discount: -29.6%

    Fixer Upper Share of Home Stock: 7%