COLUMBUS — An effort to create a historic district for the Southside area has been scuttled due to a lack of funding. The Commercial Dispatch reports the Historic Preservation Commission had planned to seek a 50-50 matching grant of up to $10,000 from the Mississippi Department of Archives and History’s Historic Preservation Division to set [...] [...]
by Associated Press Published: June 14,2012
Tags: funding, funding cuts, funds, homes, houses, housing, housing authority, jobs, law enforcement, municipal government, police, real estate, residences, residential real estate, residents, salaries, security
NATCHEZ — Dramatic funding cuts for the Natchez Housing Authority have caused the authority to cut spending, which could include $60,000 for salaries of two Natchez police officers. Director Alan Ingram tells The Natchez Democrat the authority has paid the city $60,000 for several years for two extra patrol officers to provide security at the [...] [...]
by Associated Press Published: June 11,2012
Tags: building, building permits, construction, county government, homes, houses, housing, real estate, residences, residential real estate
DESOTO COUNTY — Single-family building permits surged in May, driving up year-to-date activity and leaving DeSoto officials optimistic for a long-sought housing-industry turn-around. Planning director Ted Garrod tells The Commercial Appeal 85 single-family permits were recorded, with 28 in the unincorporated county. He says the latter is a 68 percent increase over last May’s figure [...] [...]
by MBJ Staff Published: May 28,2012
Tags: debt, fraud, homebuyers, homes, houses, laons, mortgages, property, ratings, real estate, residences, residential real estate, residents
MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries on rating watch positive. The ratings were previously on rating watch negative, where they had been placed Jan. 25, 2012. The rating includes Mississippi Valley Title Insurance Company of Madison, an ORI subsidiary. Fitch wrote in [...] [...]
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values are up for the first time since July 2011, providing more evidence that the housing market is rebounding as the spring home-buying season is underway. Despite modest declines in March home sales, home prices — based on recorded sales transactions in [...] [...]
by MBJ Staff Published: May 17,2012
Tags: auction, bidders, bidding, bids, homes, houses, municipal government, real estate, residences, residential real estate, state agency, state government, tax-forfeited property, taxes
GREENVILLE — Eighty tax-forfeited parcels at a value of over $265,000 in the Greenville area up for bid, and Greenville Mayor Chuck Jordan and Secretary of State Delbert Hosemann held a joint press conference yesterday to market these lands. “Tax-forfeited properties are a drain on the community, the state and your local tax rolls,” said [...] [...]
by Associated Press Published: May 16,2012
Tags: downtown, homes, houses, music, nightclubs, nightlife, noise, residences, residents, restaurants, tourism, tourists, vacationing, vacations, vactioners, visitors
OCEAN SPRINGS — The Ocean Springs Board of Aldermen has passed a noise ordinance. Last night’s vote came after another round of public comment, most of it against some aspect of the new law. The Sun Herald reports even the board was split on aspects of it and the vote was 5-2. But the city [...] [...]
by Associated Press Published: May 14,2012
Tags: Commercial Real Estate, construction, development, homes, houses, land, municipal government, property, proposals, real estate, residences, residential real estate, residents, riverfront, rtetail
PASCAGOULA — The Pascagoula Redevelopment Authority is soliciting proposals from developers for the city’s riverfront site, an office, retail and residential development. Jim Estabrook, chairman of the authority, tells The Mississippi Press the request for proposals is a significant move toward a goal of having construction start in five months. The authority is seeking proposals [...] [...]
by Associated Press Published: May 7,2012
Tags: home insurance, homeowners, homeowners insurance, homes, houses, hurricanes, insurance, residences, residential real estate, residents, severe weather, tropical weather, Weather, wind coverage
MISSISSIPPI GULF COAST — Traditional insurance companies are still generally avoiding coastal risks. But a few companies new to Mississippi’s coastal market are writing wind coverage for well-built homes near the waterfront. So are insurance carriers that are not licensed in Mississippi. Angelyn Treutel is an independent insurance agent and vice president of the agency [...] [...]
by MBJ Staff Published: April 30,2012
Tags: economy, home prices, homeowners, homes, houses, real estate, recession, residences, residential real estate, residents
OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continued to show signs of persistent weakening, ending in February with a seventh consecutive month-to-month decline. Despite sharply rising activities in existing home sales and new housing starts from a year ago, prices on non-distressed home sales (excluding foreclosure auction sales, [...] [...]
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