Alabama storm victims warned to look out for price gouging, home repair fraud

MONTGOMERY, Ala. (WRBL) – The Alabama Attorney General’s Office and Alabama Home Builders Licensure Board are warning consumers to be on the lookout for scams and price gouging during home repair or storm damage cleanup in the wake of Hurricane Sally.

State officials joined Baldwin County District Attorney Robert Wilters and State Representative Matt Simpson in Fairhope, Ala. on Sept. 28 to warn coastal Alabamians about the possibility of fraud as they hire workers to repair storm damage.

As consumers begin the process of home repair, the HBLB recommends using licensed home builders and roofers, as required by law. On Sept, 23, HBLB Executive Director J.R. “Chip” Carden waived some requirements for issuance of a roofer license, allowing emergency roofers licenses to be issued in Baldwin and Mobile counties.

“Based on the Governor’s disaster declaration, the Home Builders Licensure Board has activated its emergency roofer license for Mobile and Baldwin

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Home price growth accelerated in July as buyers competed for listings, Case-Shiller index shows

The numbers: Home-price appreciation maintained a fast pace in July as buyers flooded the market only to find few homes for sale, according to a major price barometer released Tuesday.

The S&P CoreLogic Case-Shiller 20-city price index posted a 3.9% year-over-year gain in July, up from 3.5% the previous month. On a monthly basis, the index increased 0.6% between June and July.

What happened: The separate national index released with the report noted a 4.8% increase in home prices across the U.S. over the past year.

Phoenix once again lead all other markets nationwide with a 9.2% annual price gain in July, followed by Seattle with a 7% increase and Charlotte, N.C., with 6% growth.

“Prices were particularly strong in the Southeast and West regions, and comparatively weak in the Midwest and Northeast,” Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, wrote

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Home price growth in the US accelerates

U.S. home price growth accelerated in July as the nation continued to grapple with the coronavirus pandemic. 

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Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 4.8% annual gain in July, up from 4.3% in June. The 20-City Composite posted a 3.9% annual gain, up from 3.5% the previous month — beating analysts’ expectations of 3.6%, according to Bloomberg. The results for the first time in five months, now include Wayne County, Mich.

“The National Composite Index gained 4.8% relative to its level a year ago,” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices, in a press statement. “The strength of the housing market was consistent nationally – all 19 cities for which we have July data rose, with 16 of them outpacing their June gains.”

For the 14th straight month,

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Antiques dealer David Duncan chops price of design-district townhouse

David Duncan knows how to light up a room. Now the lighting and antiques guru has cut the price of his townhouse at 247 E. 60th St. to $6.8 million — down from its $8.5 million asking price in July of 2019.

The four-story, 4,808-square-foot townhouse is in the heart of the Upper East Side’s design district, which lines 60th Street between Second and Third avenues.

“This neighborhood has been the design center of New York for decades and this block has long been home to antiques dealers,” he told the New York Times in 2014.

David Duncan
David DuncanPatrick McMullan/PMC/PMC

The Minnesota native told the Times he was very “pragmatic” and sold his Park Avenue apartment and Connecticut weekend home to afford the 60th Street townhouse, which he bought for $3.56 million in 2004 and then renovated to accommodate his showroom and own home.

At the time, he reasoned, the

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Oregon State’s Reser Stadium remodeling project now carries a $140 million price tag, down from $175 million

The cost to remodel the aging west side of Oregon State’s Reser Stadium has fallen substantially during the past year.

Oregon State athletic director Scott Barnes said earlier this week that the price tag to remodel Reser Stadium is now $140 million. That’s down 20 percent from a projected cost of $175 million at the outset of the project.

Barnes said the project cost is a moving target, and the initial cost of $175 million was conservative estimate. But in the university’s request for proposal document released Oct. 15, 2019, it states the project cost as approximately $175 million, with a direct construction budget of approximately $122 million.

What changed?

Some of it is fine-tuning the project, Barnes said. A more accurate design and better knowing the scope and scale led to a more informed number for remodeling Reser.

The pandemic, oddly, has helped too. It led to market conditions

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