Archive for the ‘Real Estate Quarterly’ Category

This is a specific focus of a weekly MBJ edition.

MCAR panel assesses regrets, while weighing opportunities

by Published: August 7,2011

Tags:

Like Sinatra, Jackson’s commercial real estate pros have their regrets. For Walter Michel of the J. Walter Michel Agency, it’s divesting of timber and hunting land several years ago only to watch it steadily rise in value. Others wish they’d never heard of Gulf Opportunity Zone, or G0-Zone, bonds. One expressed his biggest regret in […] [...]

Changes in store for flood insurance

The National Flood Insurance Program’s five million policyholders, including about 75,500 in Mississippi, are likely to see higher premiums, higher deductibles and new policy restrictions Look for an end to the starts and stops Congress has put the National Flood Insurance Program through in deciding whether to reauthorize the debt-ridden program long term. At the same time, […] [...]

Michigan lawmaker looks to deal death blow to NFIP

by Published: May 8,2011

Tags: Candice Miller, MBJ Focus

Reform federal flood insurance? No, kill it by the end of 2012, insists Rep. Candice Miller, a Michigan Republican who is angry that Michiganders must help cover billions of dollars in flood losses on the Gulf Coast. Miller has introduced legislation to dismantle the National Flood Insurance Program by the close of 2012 and replace […] [...]

Commercial Realtor group unifying for a new decade

The Mississippi Commercial Association of Realtors turned 10 years old last year, having experienced the exuberance of a new decade, the challenges of helping to restore economic vitality after Katrina and the uncertainties of a sustained real estate slump. Through the ups and downs and in-betweens, the emphasis has been on unity and cooperation, said […] [...]

Winds of change

by Published: February 27,2011

Tags: Brooks Holstein, Doug Molyneaux, Monte Luffey

Population shift, Hurricane Katrina, oil spill and recession affecting retail real estate on Gulf Coast Retail leasing on the Mississippi Gulf Coast has been changing and shifting as a result of several factors, including the area’s geography, growth patterns, Hurricane Katrina and the recession. Brooks Holstein, CEO of Comvest Properties, who’s had a long involvement […] [...]

Coast homeowners not likely to see insurance rate increase in 2011

Coast residents want people to understand that their high homeowners’ insurance rates affect everyone. And now that the state of the economy ensures that no more federal and state subsidies are likely, residents dependent on the state’s public insurance program called the Wind Pool could eventually face a rate increase. As studies have pointed out, […] [...]

State’s commercial brokers getting enhanced data base

The Commercial Information Exchange could be in operation by spring. The Mississippi Commercial Association of Realtors has revived a long-dormant effort to create an electronic exchange on which members can track commercial real estate listings. The data bank, known officially as a Commercial Information Exchange, could be in operation by spring, according to Walter Becker, […] [...]

Leaving the arena

As many as 100 Mississippi real estate pros giving up licenses each month The sustained slump in Mississippi’s real estate market is leading 100 licensed real estate professionals a month to quit the business, state licensing records show. Just making it by the day is the key, one broker said. “We only eat what we kill. […] [...]

Planned communities bringing back walkable neighborhoods

Planned communities are a growing trend all over Mississippi as they are elsewhere in the country. From Iuka to Pass Christian, residential developments offer a range of amenities and lifestyles, green spaces, various sized homes and mixed use. “The planning commissions of most of the jurisdictions in Northwest Mississippi prefer planned communities. DeSoto County approved […] [...]

Tardy mortgages reflect struggling economy

Mississippi’s 14.1 percent delinquent rate applies to loans by 30 days or more Mississippi mortgage bankers are awaiting third quarter tallies from the Mortgage Bankers Association to learn whether the state will continue to have the unfortunate distinction of having the nation’s highest rate of tardy home-loan payments. The 14.1 percent rate for the second quarter […] [...]

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