In a surprise move, the Federal Reserve lowered both its overnight lending rate and its discount rate by three-quarters of a point. The Fed acted well ahead of its next formal meeting scheduled for January 29th.
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More than 20 years ago, the Canadian Home Builders’ Association (CHBA) was heavily involved in developing the R-2000 standard for super energy efficient homes. The program was refined and expanded over the years, but only a small percentage of the homes built each year were constructed to the R-2000 standards. Builders said the homes were [...]

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A growing number of homeowners who used their homes like ATMs are beginning to suffer withdrawal symptoms.
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Does it take seasoned sales experts to sell new homes in a challenging market like this?
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Like it has done with so many aspects of our lives, the Internet has transformed that tiny little word that you and I have used probably 10,000 times without even thinking about it.
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If you’re waiting for signs of a housing bottom, join the club. Nobody blows a whistle and say, “It’s time to buy!”
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In residential real estate, it’s kitchens and bathrooms that count — in more ways than one — but too often the full significance of their contribution is overlooked and, therefore, full investment potential may not be realized. Consequently, property owners may settle for substandard, even unsafe, living conditions or may concentrate on short-term fads instead [...]

read full story of "Trend Report Inspires Renovations"