Do you know which cordless and corded power tools are most popularly used by trades? Plus, find out about the rapid rise in home foreclosures on News Fix.
In Real Estate News
Mortgage delinquencies are on the rise. The number of properties that are 30 or more days past due or in foreclosure reached about 1.95 million nationwide.
Plus, the total U.S. home foreclosures hit 25,000 starts, which is up 541% from the same time last year, according to the mortgage and real estate data and analytics company Black Knight.
Did You Know?
If you are wondering which tools are the popular power tools among contractors, CONTRACTOR magazine surveyed readers a few years ago. They found that the most commonly used cordless power tools are power drills (84%), followed by drill drivers (75%) and recip saws (71%).
Additionally, readers said the most commonly used corded power tools include hammer drills (87%), reciprocating saws (86%), power drills (85%), circular saws (74%), and rotary hammers (70%).
And with the rapid growth in home improvement projects and power tool battery innovation over the last few years, we’d love to see an update on this survey data.
So what’s the most popular power tool in your workshop?
What do you think about the recent spike in home foreclosures and delinquencies?
