Archive for the ‘REAL ESTATE – Market Sector’ Category

Tanger Outlets involved in Southaven project

by Published: December 17,2014

Tags: Business, Mississippi, NEWS, real estate, retail

SOUTHAVEN — Outlet mall operator Tanger is expected to announce soon its involvement in a project in Mississippi. Southaven Mayor Darren Musselwhite says the public part of the project has been addressed. Southaven and DeSoto County officials several years ago approved a $15 million tax increment financing plan in which bonds will be issued to […] [...]

Former Lane Furniture plant sold for $1.45 million

by Published: December 15,2014

Tags: United Furniture Doug Hanby

United Furniture Industries has bought the 475,000-square-foot former Lane Furniture Industries in Verona for $1.45 million. Doug Hanby, United chief financial officer, said in a news release on Monday that the facility will used as a manufacturing facility for stationary furniture, and hopes to open it during the first quarter of next year. United Furniture […] [...]

Madison County’s tax assessor looking for homestead tax fraud

CANTON — Madison County’s tax assessor is asking local homeowner’s associations to help identify rental properties in their neighborhoods. Tax Assessor Gerald Barber told the Madison County Journal the groups can help in cracking down on homestead exemption fraud. Under homestead exemption, the state encourages people to own homes by exempting the houses from some […] [...]

A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans

by Published: November 26,2014

Tags: manufactured home, mortgage, Qualified mortgages, waiver

National lenders who make loans on new manufactured homes appear to be a growing option for Mississippi borrowers with credit histories too risky for traditional banks in today’s stringent regulatory climate. While credit-challenged borrowers are buying the dwellings at about half the square-foot cost of site built homes, financing them takes a much larger bite […] [...]

Mississippi, Jackson foreclosures down in September from same month of 2013

by Published: November 25,2014

Tags: CoreLogic, foreclosures, Mortgage Delinquencies

Foreclosure rates in Jackson decreased by a third of a percent for the month of September over the same period last year, new data from real estate survey firm CoreLogic shows. The rate of tardy mortgage payments also dropped in September compared to the same mont last year… CoreLogic said the rate of Jackson area […] [...]

County to ask if it can use unspent hurricane recovery money

BAY ST. LOUIS — Hancock County officials will ask the state for permission to move $1.6 million in unused hurricane recovery funds to help support other projects. The largest amount of unused cash is in the government annex facility fund. Other projects which had additional cash include the Lakeshore Community Center, the Stennis Airport Hangar […] [...]

Court hits David Watkins with $600,000 order over Retro Metro issues

  Jackson developer David Watkins must pay more than $600,000 in restitution and penalties for diverting money from a bond issue for converting the Metrocenter Mall’s former Belk’s store into City of Jackson office space. Chancery Judge Hollis McGehee ruled Thursday that Watkins had no authority to divert any of the $2.5 million in bond […] [...]

Foreclosures down, sales prices going up

by Published: November 13,2014

Tags: Business, foreclosure, Mississippi, NEWS, real estate

There’s good news for various residential real estate markets around the state, presidents of three regional professional organizations report. Home foreclosures are down and the number of sales and average sales prices of homes have increased throughout Mississippi. “Our market is holding steady with a slight increase,” said Sandy Richardson, president of the Northwest Mississippi […] [...]

Real Estate agents face changing policies as they learn how to protect themselves as they show houses

by Published: November 13,2014

Tags: Business, Mississippi, NEWS, real estate

The murder in October of Arkansas real estate agent Beverly Carter brought attention once again to the need for real estate professionals to learn how to protect themselves. The National Association of Realtors, which designates September as Realtor Safety Month, has devoted a special section of its website to safety with videos, webinars and other […] [...]

CINDY GRIFFIN — Community support is the heart of Habitat for Humanity Mississippi Capital Area

by Published: November 13,2014

Tags: Business, Habitat for Humanity, Mississippi, NEWS, NON PROFIT

O n a crisp Saturday morning in October, Father Mike O’ Brien of St. Richard Catholic Church stood with a group of Habitat for Humanity Mississippi Capital Area volunteers to bless Catholic Build 2014 – the future home of Carolyn Madlock and her son. “On this morning, I would like to share with you scripture, […] [...]

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