Archive for the ‘REAL ESTATE – Market Sector’ Category

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, […] [...]

Worker dies after falling from roof of ‘Al Capone home’

OCEAN SPRINGS — A construction worker critically injured when he fell while working on the second-story roof of an Ocean Springs home has died. Jackson County Coroner Vicki Broadus said Gerald Moran, 42, died yesterday at Ocean Springs Hospital, where he had been comatose and in critical condition in the Intensive Care Unit for about […] [...]

Full House marks ‘topping off’ of new Silver Slipper hotel

BAY ST. LOUIS — Full House Resorts is celebrating the “topping off” of its new 142-room hotel at the company’s Silver Slipper Casino property in Bay St. Louis. Community leaders, employees and investors have been invited to attend a special ceremony on-site at the property. Andre Hilliou, chairman and CEO of Full House, said, “We […] [...]

Apartments receive first tax credit under Bryant’s Health Care Zone initiative

BATESVILLE — Gov. Phil Bryant and local officials have cut the ribbon on the newly-renovated Skyview Apartments in Batesville. It represents the first development to open its doors that received a special award of Housing Tax Credits under the Governor’s Health Care Zone initiative. Bryant said. “This is exactly the type of project we envisioned […] [...]

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