Announcer this is nightly Business Report with Tyler Mathisen and sue herera. Funded in part by all it takes is a spark. One idea to take flight. The courage to seek the unknown, to innovate, disrupt, to move us all forward. To explore a different perspective. At nasdaq we connect the world, its ideas and its capitals, its businesses, the people that drive the global which he. The future isnt tomorrow, its right now. All it takes is a spark. Nasdaq. Crude cracks the Energy Market faces its next big test as the price of crude drops sharply and suddenly. Report card. Engineers give americas roads and bridges a fear failing grade and a big bill to fix them. Flip or flop while that movin ready dream house can quickly turn into a nightmare. Those stories and more tonight on nightly Business Report for thursday, march 9th. Good evening, everyone and welcome. The price of oil is plummeting. Crude lost 7 of its value in just two days, the tumble was quick, was steep and its seemingly came out
Now, becky quick. We begin with a cautionary tale. House flipping is hot again and homes are being flipped at the fastest pace in a decade. But if you are tempted to rush in and buy what looks like pictureperfect home, as a buyer you should beware. From flip to flop is this weeks cover story as diana olick reports. Reporter this historic d. C. Rowhouse looks like a renovated gem. Outside and in. And thats exactly what empty nesters Cameron Mcguire and his wife wanted. And it was so seductive with all of the highend appliances and those pieces. We thought it was going to be a dream and it turns out to be a nightmare. Reporter the three bed, three bath home had been renovated and expanded by a local house flipper with highend appliances and finishings. It looked pictureperfect. I am looking at this gore jus kitchen, whats wrong . When you look at it, things you wouldnt realize. Receptacles are not permitted the way theyre installed here. Reporter the list literally goes on and on. Improp
Fastest pace in a decade. But if you are tempted to rush in and buy what looks like a pictureperfect home, as a buyer, you should beware. From flip to flop, its this weeks cover story, as diana olick reports. Reporter this is historic d. C. Row house looks like a renovated gem outside and in, and thats exactly what emptynesters Cameron Mcguire and his wife wanted. And it was so seductive with all of the highend appliances and those pieces, and we thought it was going to be a dream, and it really turns out to be a nightmare. Reporter the threebedroom, threebath home had been renovated and expanded by a local houseflipper, with highend appliances, fixtures and finishings. It looked picture perfect. Because i am looking in this gorgeous kitchen, and im saying it all looks good. All new appliances. Whats wrong . So when you look at it, you wouldnt even realize, receptacles are not permitted the way that theyre installed here. The list literally goes on and on improper light canisters, a fi