Home prices in August see biggest gains in more than two years, S&P Case Shiller says

  • Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically.
  • The 10-City Composite posted a 4.7% gain in August, up from 3.5% in the previous month. The 20-City Composite rose 5.2% year over year, up from 4.1% in July.
  • All 19 cities for which data was reported rose monthly and annually, with all 19 seeing larger annual gains than in July.

Hamptons real estate market sales smash records as wealthy flee New York City

UP NEXT

UP NEXT

Strong demand and a limited supply of homes have caused home price gains to accelerate dramatically.

Loading...

Load Error

Prices beat expectations, rising 5.7% annually in August, up from 4.8% in July, according to the S&P CoreLogic Case-Shiller National Home Price Index.

The 10-City Composite posted a 4.7% gain, up from 3.5% in the previous month. The 20-City Composite rose 5.2% year-over-year, up from 4.1% in

Read More

High Court grants permanent bail to contractor Asif in RNPP housing project graft case

File photo: Some of the multi-storey buildings at green city housing project under the Rooppur nuclear Power Plant project in Pabna Dhaka Tribune

Advocate Khurshid Alam said the ACC will file an appeal against the High Court order

The High Court has granted permanent bail to contractor Asif Hossain, managing director of Mazid Sons Construction Limited in cases filed by the Anti-Corruption Commission (ACC) over graft in supplying furniture and appliances for the housing project at the Rooppur Nuclear Power Plant Project (RNPP) in Pabna.

The High Court bench of Justice Md Nazrul Islam Talukder and Justice Ahmed Sohel passed the order on Wednesday. 

Barrister Fida M Kamal stood for the petitioner while Deputy Attorney General AKM Amin Uddin Manik represented the state, and Advocate Khurshid Alam Khan stood for ACC.

Khurshid Alam said Asif Hossain should not be released from the jail following the High Court verdict as he

Read More

Contractor to pay $200K to settle Rochester school construction fraud case

The Rochester contractor Bell Mechanical has agreed to pay $200,000 in restitution to settle a charge that it made false hiring claims in its work on the $1.2 billion Rochester Schools Modernization Program.



a person standing in front of a door: Shawn Rucker, inspector/air control project monitor, leaves a containment zone as he works at the modernization project at East High School in Rochester Wednesday, April 3, 2019.


© SHAWN DOWD/ROCHESTER DEMOCRAT AND CHRONICLE
Shawn Rucker, inspector/air control project monitor, leaves a containment zone as he works at the modernization project at East High School in Rochester Wednesday, April 3, 2019.

Bell and other contractors were accused of fraud in skirting state requirements for the use of minority- and women-owned businesses. Prosecutors alleged that they used a Black-owned firm as a “pass-through” and lied about who actually carried out the work.

In one instance, according to a signed document provided by the state Attorney General’s office, Bell ordered $447,200 worth of materials directly from several suppliers but made payment out to a minority-owned firm, Sunray Environmental, along with a 2% markup. It then claimed SunRay

Read More

Peter Farrelly Makes the Case For ‘Loudermilk’, Teases Season 3 & Beyond As 2 Former Audience Series Seek New Homes

In January, AT&T announced that DirecTV’s Audience Network was shutting down, transforming itself into an HBO Max Preview Channel. While not surprising, the move threw in limbo three original series on the channel: comedy Loudermilk and dramas Condor and Mr. Mercedes. 

While David E. Kelley’s Mr. Mercedes had just wrapped its Season 3 run on Audience, with its future beyond that in serious doubt, Loudermilk and Condor both had completed new seasons in the can that had not yet been scheduled by the network. As Audience ceased to exist n May 22, the rights to its original series were handed back to their producers.

The three existing seasons of Mr. Mercedes were recently acquired by NBCUniversal’s Peacock, while Netflix picked up another Audience drama, Kingdom, which aired on the network from 2014-2017.

Skydance has been shopping thriller Condor, starring Max Irons and William Hurt, which I hear remains

Read More

Covid-19: new community case was electronics contractor working around country

The Auckland man who became New Zealand’s latest community coronavirus case is a marine electronics technician who travels the country working on large ships.

On Sunday, Director-General of Health Ashley Bloomfield announced the country had another case of community transmission, two days after the man was tested on Friday shortly after he developed Covid-19 symptoms.

The technician had recently worked on ships docked at Ports of Auckland and Ports of Taranaki.

He was potentially infectious when he was in New Plymouth on Wednesday for work aboard a ship.

READ MORE:
* Coronavirus: One new community case in Auckland, but change to alert level unlikely
* Covid-19: Kiwis ‘should not be alarmed’ about ship worker’s positive test – experts
* Positive Covid-19 case worked at Port Taranaki and stayed in New Plymouth

An email to all Ports of Auckland staff from the Auckland Regional Public Health Service said the man works

Read More

Make Your First Home Your Last: The Case for Not Moving Up

So much of any growth will depend on where you live, and too many of these kinds of conversations are framed around places like the San Francisco Bay Area, parts of Brooklyn or gentrifying areas where there have been enormous gains in property values.

Nationally, however, the numbers aren’t so steep. Data from CoreLogic’s home-price index shows that over the past 20 years, the average increase for single-family homes priced at 125 percent or more of the median home price in their region is just 3.4 percent annually. For homes at the 75 to 100 percent level, the gain has been 4.3 percent.

Consider maintenance costs, too. A newer home — say, less than five years old — might require just 1 percent of the purchase price in annual expenses, said John Bodrozic, a co-founder of HomeZada, a tool that helps owners keep track of costs and improvements. But if

Read More

Harvard fund evades justice in land-grabbing case over Cerrado farm

  • In September, the court in Brazil’s Bahia state ruled that a company in which Harvard University’s endowment fund was invested had illegally acquired the land for a large farm in the Cerrado grasslands.
  • The Gleba Campo Largo farm, spanning 140,000 hectares (346,000 acres), has for years been the focus of violent land disputes.
  • The farm’s registered owner is Caracol Agropecuária Ltda., a company that the Harvard Management Company is believed to have poured an estimated $59 million into over the course of about a decade.
  • The Harvard Management Company, which fully divested from Caracol in June 2019, told Mongabay it “does not have and has never had any ties to Caracol.”

On Sept. 8, a court ruling shook up an old land conflict in Cotegipe, in the Brazilian Cerrado grasslands. That was when the 3rd Civil Chamber of the Bahia state Court of Justice ruled that Caracol Agropecuária Ltda., a

Read More