Mississippi Business Journal » houses

Commission scraps plans for historic district due to lack of funding

Associated Press — Mon, 18 Jun 2012 13:12:31 +0000

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 [...]

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Housing organization’s funding cuts could cost police jobs

Associated Press — Thu, 14 Jun 2012 11:36:22 +0000

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 [...]

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County sees single-family building permits soar in May

Associated Press — Mon, 11 Jun 2012 19:34:56 +0000

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 [...]

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Fitch upgrades rating on Old Republic, subsidiaries to ‘positive’

MBJ Staff — Mon, 28 May 2012 16:13:24 +0000

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 [...]

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FNC index shows U.S. home prices up for first time since last July

MBJ Staff — Wed, 23 May 2012 17:04:56 +0000

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 [...]

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Tax-forfeited properties up for bid in Port City

MBJ Staff — Thu, 17 May 2012 13:55:27 +0000

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 [...]

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Aldermen pass noise ordinance despite negative public comments

Associated Press — Wed, 16 May 2012 12:59:21 +0000

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 [...]

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Redevelopment Authority seeking proposals for riverfront development

Associated Press — Mon, 14 May 2012 12:58:44 +0000

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 [...]

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More insurers writing wind coverage policies on Coast

Associated Press — Mon, 07 May 2012 17:09:19 +0000

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 [...]

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FNC Inc. index finds U.S. home prices still weakening

MBJ Staff — Mon, 30 Apr 2012 20:17:46 +0000

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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