Mississippi Business Journal » Real Estate Quarterly

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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Realtors’ CEO highlights reasons for Washington rally

Ted Carter — Sun, 03 Jun 2012 06:01:00 +0000

Jackson Association of Realtors CEO Jo Usry and dozens of other REALTORS from Jackson and around the state took part last month in a rally in Washington to urge effective measures to address the nation’s housing crisis. Here is her account of the rally and her reasons for participating: 13, 800 Realtors from across [...]

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Ride not so ‘Wild’ for McComb realtor

Lynn Lofton — Sun, 19 Feb 2012 06:01:53 +0000

>> Realtor has name to fit these heady times Right off the bat, Realtor Watkins Wild of McComb says it’s okay to call him by his nickname, “Noggin,” because that’s what everyone has called him all his life. As a successful Realtor and president of the Mississippi Association of Realtors (MAR), he’s called Noggin and [...]

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Real estate accomplishments just the tip of the iceberg for Jackson’s Ridgway

Becky Gillette — Sun, 30 Oct 2011 06:00:15 +0000

Just how does Bob Ridgway, president of Ridgway Realty Inc., do it all? Even he is not sure. When interviewed for this article, he took time to reflect on his 40-plus years of experience in real estate and civic activities in Jackson, even though he was busy preparing to go visit a new grandson in [...]

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Finding prosperity in a storm…

Ted Carter — Sun, 07 Aug 2011 06:00:58 +0000

Jackson commercial Realtor Steve Kennedy laments that the market slump of the last two years robbed all the fun from the business. But while the slump may have hijacked the high times, it has left behind opportunities for profit. Lots of them, in fact, say commercial real estate professionals who took part in a recent [...]

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