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Researchers Reap Data to Brace Homes Against Harsh Hurricanes  A Florida university and an insurer that incurred hundreds of millions of dollars in losses during recent storms are teaming up to find ways to help buildings survive massive winds.


Home ownership dream turns into nightmare  James Winn and his wife Lois Morong, who also bought property from the Gourleys, stand in front of their Newport home.read more...


30-Year Rate Rises to 2-Month High   Rates on 30-year mortgages jumped this week to the highest level since mid-March as investors began to worry about what the Federal Reserve will do to combat growing inflation pressures. read


Mortgage Benefits Corp. Launches The Realty PPO(TM); The MortgageChoice Plan(TM) Employee Group Benefit Expanded to (RedNova)  Mortgage Benefits Corporation (MBC; www.mortgageplans.com), the leading provider of group mortgage benefits, today announced the launch of The Realty PPO(TM), a proprietary preferred provider network of real estate brokers and


Wealth Check: 'My savings have gone down under'  Sarah Ridley is starting all over again after the break-up of a relationship that took her to live in Australia for two years.via


ADV: $160,000 Mortgage for $785/Mo.  Mortgage rates at record lows. Compare refinance rates from up to 4 lenders - bad credit OK.via

November 18th, 2007

Lowe’s 3Q Profit Falls, Cuts Outlook

“Clearly the largest of these impacts was the unstable housing environment evidenced by an even steeper decline in housing turnover, falling home prices in many markets, and a near record inventory of homes for sale.”

Lowe’s Cos., the No. 2 U.S. home improvement chain, said Monday that its third-quarter profit fell 10.2 percent, citing a weak sales environment amid a continuing slump in the housing sector. via Journal Gazette



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