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In This Issue
The Cape Cod Hybrid-Fyre Wins Accolades
Housing 2014: 10 Predictions From The Experts
The Cape Cod Hybrid-Fyre wood stove with the Popular Mechanics People's Choice Award. (L to R) Kurt Rumens, president of Travis Industries; Head Director of Research and Development Alan Atemboski; Product Developer and Lead Designer Russ McBrien; Metal Fabricator Jeremy Hallsson.
The Cape Cod Hybrid-Fyre
Wins Accolades 

WASHINGTON, D.C.

 

The Lopi Cape Cod wood stove featuring Hybrid-Fyre technology competed in the Next Generation Wood Stove Design Challenge and proved why Hybrid-Fyre is the highly efficient, cleanest-burning wood technology in the world.

The Alliance for Green Heat and Popular Mechanics sponsored the Wood Stove Design Challenge that was held on November 16 - 19 at the National Mall in Washington, D.C. Twelve teams from around the world competed in the first international competition to build an affordable, cleaner-burning wood stove for residential heating. The Cape Cod Hybrid-Fyre's performance displayed how revolutionary and clean-burning it is, winning first place in three of the eight awards that were given out.

The Cape Cod Hybrid-Fyre had much success among the judges, taking home first place awards for Market Appeal and Lowest CO Emissions. The fans also loved the Cape Cod Hybrid-Fyre and it won first place in the Popular Mechanics People's Choice Award, receiving the most votes out of the 15,000 votes that were cast.

Ambassadors from Finland and Denmark as well as United States congressmen attended the Wood Stove Design Challenge and got to experience all that Hybrid-Fyre has to offer.

Travis Industries is proud to feature Hybrid-Fyre - the highly efficient, cleanest-burning technology on the planet as certified by the EPA.

Hybrid-Fyre is a fusion of catalytic and non-catalytic technologies that,
when combined, produce an exceptionally clean burn that emits virtually no smoke or carbon monoxide. It highlights the strengths of both technologies and creates a combustion system that in whole is greater than each of its parts.

Hybrid-Fyre allows for cleaner burning fires for longer periods of time, using less wood and saving trips to the wood pile. Hybrid-Fyre has been available on the market for the last 12 months with the Lopi Cape Cod and is now available with the Lopi Large and Small Flush Wood Inserts. Hybrid-Fyre will gradually be incorporated into more wood-burning products from Travis Industries.

Visit the website.   

Housing 2014:
10 Predictions From The Experts  

WASHINGTON, D.C.

 

From Forbes Business

In 2013, the housing recovery was a welcome bright spot for the economy: prices were shooting up, fewer homeowners were underwater, and builder confidence was finally on the upswing. It's looking like 2014 should be another good year for housing - mostly. Here are 10 things housing experts expect to see in 2014.

1. More homes will be available. Short supply drove rapid price increases at the beginning of 2013, but watch for that to change next year. Realtor.com notes that the inventory (homes available for purchase) shortage began to soften in February. New construction and rising prices should bring more homes, both new and old, on to the market in 2014, helping inventory return to traditional levels.

2. Mortgage rates will rise. Online real estate database Zillow predicts rates will hit 5% by the end of 2014 - well up from the 4's and 3's of late, but still well within normal levels. New Fed Reserve chief Janet Yellen is expected to continue Ben Bernanke's policy of keeping mortgage rates low by buying blocks of mortgage-backed securities, but the Fed's bond-buying taper could push rates higher.

"While this will make homes more expensive to finance - the monthly payment on a $200,000 loan will rise by roughly $160 - it's important to remember that mortgage rates in the 5 percent range are still very low," says Erin Lantz, Zillow's director of mortgages. Really. "Prior to the Federal Reserve's 2008 decision to buy $85 billion in debt per month, the 36-year average was 9.2%, and never below 5.8%," notes Glen Kelman, CEO of Redfin.
Zillow: National mortgage rates, 30-year, fixed-rate.
3. Mortgages will be easier to get. "The silver lining to rising interest rates is that getting a loan will be easier," says Lantz. "Rising rates means lenders' refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards."

4. Home prices will rise 3%. Redfin and Zillow are predicting that home prices will rise between 3% and 5% in 2014. For comparison's sake, 2013 saw jumps of 5% nationally, with increases of more than 20% in some hot spots. "These gains, while beneficial in many ways, were also unsustainable and well above historic norms for healthy, balanced markets," says Dr. Stan Humphries, Zillow's chief economist. "This year, home value gains will slow down significantly because of higher mortgage rates, more expensive home prices, and more supply created by fewer underwater homeowners and more new construction."

5. Fewer homeowners will be underwater. Rising prices helped 2.5 million homeowners with underwater mortgages regain positive equity status during the second quarter of 2013, according to Realtor.com. By Q3, a CoreLogic report found that about 6.4 million homes were still in negative equity at the end of Q3. Watch for that number to shrink in 2014.

6. Affordability will decline. Despite the slower pace of price increases, home affordability will decline as mortgage rates rise. The real culprit is income levels, which aren't keeping pace with the increases in housing costs. In 2013, the National Association of Realtors' Home Affordability Index dropped to a five-year low. Experts predict the trend will continue in 2014.

7. Ownership will decline. In 2014, Zillow predicts, homeownership rates will fall below 65 percent for the first time since 1995. "The housing bubble was fueled by easy lending standards and irrational expectations of home value appreciation, but it put a historically high number of American households - seven out of 10 - in a home, if only temporarily," says Humphries. "That homeownership level proved unsustainable and during the housing recession and recovery the homeownership rate has floated back down to a more normal level, and we expect it to break 65% for the first time since the mid-1990s."

8. Americans will move. Rising prices, a reversal of underwater mortgages, and easier credit will free Americans up to move. But next time they'll choose smaller homes in more affordable locations. Redfin is predicting that new lending regulations - which make it harder to borrow more - will send Americans to less expensive hubs like Portland, Denver, Austin, Richmond, Dallas, Houston, San Antonio, Atlanta, and Raleigh.

9. Foreclosures will fade. The once booming foreclosure market has slowed, with September 2013 the 36th straight month of year-over-year decreases in foreclosure activity, nearly 33% down from the end of 2012. The declines should continue with the overall housing recovery.



10. Home buying process less crazed. During the bust, investors bought as many as one out of every five homes in America, according to Redfin. The perfect storm of increased inventory, higher prices, and fewer foreclosures means that investors are stepping out of the buying market, giving way for regular folks. Add to that the loosening credit rules, and the housing buy market begins to look more normal. "All in all, more inventory, less competition from investors, and more mortgage credit should all make the buying process less frenzied than in 2013," says Kolko of Trulia.
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