
1. Because the housing market is so hot. Equity and low interest rates allow owners to afford to renovate.
2. Gas prices. Nobody wants to drive 45 miles to work. People are willing to buy or stay in older homes in stable, centralized neighborhoods instead of purchasing new construction at the edge of suburban sprawl.
3. Home improvement mania. There are television channels, magazines, books and seminars dedicated to "educating" (selling) would-be fixers on the latest, greatest, and craziest tools and products.
Gotta run. I have to go put on an addition to my house.
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