Archive for the ‘REAL ESTATE – Market Sector’ Category

Concerns still high about possible flood insurance hikes

GREENVILLE — Henry Nathaniel has escaped the rising tide of flood insurance costs for now, but he’s still worried. The retired 70-year-old owns a 1,650-square-foot house valued at less than $50,000 on Greenville’s north side. He was already paying a relatively steep $550 a year to the National Flood Insurance Program. Then he got a […] [...]

Bryant signs hurricane deductible bill into law

JACKSON — Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law that Gov. Phil Bryant has signed. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that higher deductibles apply beginning when a hurricane watch or warning is issued somewhere […] [...]

Construction underway on The Mill at MSU

STARKVILLE — Campus and community leaders officially broke ground yesterday on a $40-million economic development project in “Mississippi’s College Town.” The Mill at Mississippi State University features three main projects: Transforming a landmark former cotton mill into a conference center and related office space; building an adjacent hotel and parking garage; and developing mixed-use business […] [...]

Attorney pleads guilty to defrauding two banks, court

BILOXI — A Coast attorney has pleaded guilty covering up evidence connected to a scheme to defraud two banks and the U.S. Bankruptcy Court. The government says in a news release that it is seeking restitution on behalf of the victims in the amount of $7.7 million. Stephen Richard Colson entered the plea in U.S. […] [...]

Project manager proposes green space for ex-casino site

BILOXI — Land south of U.S. Highway 90 where Harrah’s Entertainment planned to build the original Margaritaville Casino would become green space under a proposal presented this week to Biloxi officials. Jason Wald, a project manager with Yates Construction, met this week with members of the city’s development review committee. Wald said Harrah’s officials want […] [...]

Home repairman violates court order, gets jail time

BAY ST. LOUIS — A Hancock County resident has been incarcerated based on the revocation of his 2012 false pretenses conviction, according to Attorney General Jim Hood. Brad Dale Strong, 34, of Bay St. Louis was brought before Circuit Judge John Gargiulo in Hancock County by the Mississippi Attorney General Office’s Consumer Protection Division. Strong […] [...]

Congress passes bill that eases flood insurance premium hikes

WASHINGTON — Less than two years after passing major legislation aimed at reforming the government’s much-criticized flood insurance program, Congress yesterday sent President Barack Obama a bill to scale back many of the resulting big flood insurance premium increases faced by hundreds of thousands of homeowners. The measure would also allow below-market insurance rates to […] [...]

Ground broken for apartments serving disabled, homeless veterans

BILOXI — Officials have broken ground on an apartment complex in Biloxi that will serve disabled, homeless veterans. HomePort II, the second phase of a project completed on the same site in December 2012, will have a total of six units to house disabled, homeless veterans. Representatives from the Federal Home Loan Bank of Dallas […] [...]

Landowner swaps land with Fish and Wildlife Service

CHARLESTON — The U.S. Fish and Wildlife Service (USFWS) has reached an agreement with landowner James Kennedy to exchange a 306-acre parcel of its land in Tallahatchie County for a tract of York Woods, Kennedy’s conservation-easement property. USFWS is acquiring land that appraises at a higher amount than the 306-acre parcel and will use it […] [...]

Average US 30-year mortgage rate slips to 4.28 pct

by For the MBJ Published: March 6,2014

Tags: Business, homes, housing, Mississippi, real estate

WASHINGTON — Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 […] [...]

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