Archive for the ‘Real Estate Quarterly’ Category

This is a specific focus of a weekly MBJ edition.

One extreme to the other: ‘It’s a cycle’

by Laura Smith Published: May 30,2010

Tags: housing market, MBJ Focus, Michele Rumbley, real estate

Housing numbers are up for now, but area experts aren’t predicting anything for the future   Pending sales and homes sold in the Jackson metro area last month were up significantly over 2009. Homes sold in April in the area, which includes Hinds, Rankin and Madison counties, were up 19 percent over April 2009 and [...] [...]

Backlog concerns experts going forward

by Laura Smith Published: May 30,2010

Tags: FOCUS, Mississippi foreclosures, real estate

Foreclosures in state are down 29 percent, but Sarrett is guarded, but hopeful, about economic future   Foreclosures in Mississippi are down 29 percent from March to April, a recent report by RealtyTrac showed.  Beverly Sarrett, owner of Affiliated Realty Group in Flowood, said she’s witnessed the drop but believes there’s a backlog of unlisted [...] [...]

Going where the people are

by Laura Smith Published: February 14,2010

Tags: Clinton, Madison, Pinelake Church, Sunday services

If it’s all about location, location location, then Pinelake Church has chosen wisely MADISON — Membership growth at Pinelake Church in Flowood has led to the addition of two campuses and a proposed third campus is in the works. The church’s administration began tracking the growth approximately four years ago and noticed that members were [...] [...]

New RESPA rules make closings difficult

by Amy McCullough Published: February 14,2010

Tags: home buyers, Real Estate Settlement Procedures Act, Realtors, settlement costs

Significant changes to federal rules under the Real Estate Settlement Procedures Act (RESPA) took effect Jan. 1. Although the Good Faith Estimate (GFE) and HUD-1 forms were redesigned to make it easier for home buyers to understand settlement costs, the changes have made closings more difficult for lenders. According to the National Association of Realtors, [...] [...]

UMC park to be boon for area

by Laura Smith Published: February 14,2010

Tags: Jackson Farmers' Market, research park, UMMC

One benefit is it will house researchers developing devices, ideas to be licensed to biotech companies The University of Mississippi Medical Center (UMC) is developing plans for a research park on 25 acres on the site of the old Jackson Farmers’ Market. Funding has been secured to begin the project, which will include a 75,000-square-foot [...] [...]

Housing market shows good signs

by Laura Smith Published: November 9,2009

Tags: Home Builders Association, housing markets

  Housing starts are up for September and October, which could be good news for market September and October of this year were the first consecutive months that outdid 2008 housing permits issued in the metro Jackson area — an indicator that the housing market could be improving. In 2008, 104 and 97 permits were [...] [...]

The lure of the great outdoors

by Laura Smith Published: November 9,2009

Tags: land for hunting, land for investment, land for recreation

    Land for hunting, land for recreation or land for investment has people interested The great outdoors remain an attraction for those looking to reinvest stock market funds or those wanting a family or recreational retreat.  Beth McLellan, an agent with Mossy Oak Properties/Howell & Howell Estates & Land, began her career in real [...] [...]

Everyone trusts Rumbley with their keys

by Laura Smith Published: November 9,2009

Tags: Madison realtors, Michele Rumbley

Madison realtor has been at the top of her game for more than a decade   Realtor Michele Rumbley once flushed the keys to a property down the toilet by accident, and early in her career, she often locked her car keys in the house or took the property keys home with her.  But those [...] [...]

Tax credit deadline

by Wally Northway Published: August 31,2009

Tags: ARRA, tax credit

  By all measures, the $8,000 first-time homebuyer’s tax credit provided under the American Recovery and Reinvestment Act (ARRA) has been just the medicine the ailing housing sector needed. The pace of existing home sales in the U.S. in July was the fastest in nearly two years. And, production and permitting for new single-family homes [...] [...]

Butler Snow ready to make move

by Clay Chandler Published: August 31,2009

Tags: Butler Snow, Colony Park, Renaissance, Ridgeland

When companies are settled, Ridgeland building will be about 70 percent occupied The 200 Renaissance at Colony Park building is about a month away from receiving its first tenants. Starting the first part of October, HORNE LLP, an accountancy and business advisory firm, will leave the Regions building in downtown Jackson and move to the [...] [...]

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