Mississippi Business Journal » Real Estate Quarterly

Oklahoma storms have increased interest in home storm shelters

Becky Gillette — Fri, 31 May 2013 05:01:55 +0000

Seeing images of the almost unimaginable destruction from the tornado in Moore, Okla., has prompted a lot of people to make inquiries into building a storm shelter in their home. While there isn’t currently any money from the Federal Emergency Management Agency to help pay for storm shelters in Mississippi, Mississippi Emergency Management Agency Director [...]

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Home sales rising in parts of the state

Becky Gillette — Fri, 31 May 2013 05:01:21 +0000

People in the real estate business aren’t exactly doing cartwheels, but in some areas of the state homes sales have picked up at an encouraging pace. “I will tell you from conversations with individuals around the state that things are looking up,” said Ken Austin, a Mississippi Coast Realty real estate agent who is president [...]

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Singing River Mall going open air with new multi-million facelift

Lynn Lofton — Fri, 31 May 2013 05:01:02 +0000

Change is coming to Singing River Mall in Gautier. Elements are being put in place to turn the aging traditional enclosed mall into an open air lifestyle shopping center in this city of 19,000 which draws shoppers from surrounding Jackson County. No construction start date has been named for the multi-million-dollar project. “There’s no definite [...]

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Division of Underwood Properties provides third-party real estate services

Lynn Lofton — Fri, 31 May 2013 05:00:21 +0000

At age 28, Micah McCullough likes what he’s doing and sees a bright future in it. He’s vice president and broker associate of Jackson-based UCR Properties, a division of the Underwood Companies. He helped start UCR Properties in 2009 to provide third party real estate services. “My day-to-day responsibility is overseeing our third party and [...]

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When home buying factors can be financial, emotional

Lisa Monti — Fri, 15 Feb 2013 17:28:51 +0000

When it comes to buying a house, especially a starter home, there are many considerations to wrangle with before the deal is sealed. On the financial side, there are factors such as income, the chance of getting a low rate on a home loan or possibly tax considerations. According to the IRS, in most cases, [...]

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Mississippi housing sales, values showed gains in 2012

Becky Gillette — Fri, 15 Feb 2013 16:03:07 +0000

The Mississippi housing market is looking up. The value of homes and the number of homes sold improved in many areas of the state in 2012. “There is no question that things are moving back in a positive direction,” said Marty Milstead, executive vice president, Home Builders Association of Mississippi. “Things are not moving at [...]

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A changing of the guard

Lynn Lofton — Fri, 09 Nov 2012 06:01:06 +0000

The leadership of the Mississippi Association of Realtors (MAR) changes next month when Ken Austin of Pass Christian becomes president. As the owner/broker of Mississippi Coast Realty, he has been actively involved in the local and state professional associations and has an ambitious year planned at the helm of the state’s largest trade organization. He [...]

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State home sales improving but still a buyer’s market

Becky Gillette — Sun, 26 Aug 2012 06:01:02 +0000

While there is still no doubt it is a buyer’s market, Mississippi Association of Realtors (MAR) representatives from Jackson, the Coast and Northwest Mississippi report that home sales are improving and prices seem to be stabilizing. Home sales on the Coast are up so far this year from 2011. “Our last month tabulated was June [...]

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Downward trend in foreclosure rates welcomed in Mississippi

Becky Gillette — Sun, 03 Jun 2012 06:01:07 +0000

While Mississippi has fared among the best 10 states when it comes to foreclosure rates since the housing bubble burst in 2007, recent indications that foreclosures in the state are decreasing come as welcome news. The largest bank headquartered in the state, BancorpSouth, Tupelo, is continuing to experience significantly lower number of home foreclosures compared [...]

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Refinance activity strong in state as people take advantage of record low rates

Becky Gillette — Sun, 03 Jun 2012 06:01:02 +0000

The flip side of the housing bubble burst is that interest rates are as low as people are likely to see in their lifetimes. That combined with the government’s HARP II program to help distressed homeowners stay in their homes are reducing mortgage amounts, and contributing to increased revenues at banks. Regions Bank chief financial [...]

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