Mississippi Business Journal » housing market

Short sales invite fraud

Ted Carter — Sun, 21 Oct 2012 06:01:34 +0000

Perhaps with the end of the nation’s housing crisis, a previously seldom-heard term — the short sale — will go away. And with its departure, banks will be relieved of the short sale frauds that investigators with federal mortgage guarantor Freddie Mac say costs lenders nationwide hundreds of millions of dollars a year. Mississippi hasn’t [...]

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White promotes Linebaugh

MBJ Staff — Sun, 26 Feb 2012 06:01:26 +0000

Michael Linebaugh, chief estimator, has been promoted to vice president-estimating for White Construction’s Ridgeland-Jackson location. Linebaugh has 37 years of experience in the construction industry, including 19 years as a senior and chief estimator and 18 years as owner of an estimating and software consulting firm. Linebaugh is certified by the American Society of Professional Estimators.

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Guardedly optimistic

Nash Nunnery — Sun, 26 Dec 2010 06:00:06 +0000

Realtors taking a wait-and-see attitude on the new year Lee Garland is not an economist or a soothsayer, but he does get the distinct feeling that things are looking up for the housing market in Mississippi in 2011. How, you may ask? People, he says. “Lately, I’ve been seeing multiple folks in my office inquiring [...]

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Report: 10 Cities’ Home Values Appreciated

Amy McCullough — Fri, 08 Oct 2010 15:55:52 +0000

Source: FNC Inc. press release As the mortgage market tanked, housing in these cities improved Oxford, Miss.–As the U.S. housing market nosedived over the past decade, home prices in some cities actually improved, according to a report released this month by mortgage technology company FNC Inc. Senior FNC economist Yanling Mayer conducted the study using [...]

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Home sales up, but buyers still skittish

Associated Press — Tue, 27 Jul 2010 11:00:37 +0000

WASHINGTON — Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said [...]

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

Laura Smith — Sun, 30 May 2010 06:01:49 +0000

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 [...]

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U.S. home sales exceed forecasts

Associated Press — Thu, 22 Apr 2010 22:31:22 +0000

WASHINGTON — Home sales rose more than expected in March, reversing three months of declines, as government incentives drew in buyers and kicked off what’s expected to be a strong spring selling season. Sales of previously occupied homes rose 6.8 percent to a seasonally adjusted annual rate of 5.35 million last month, the highest level [...]

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Home sales increase in the South

Associated Press — Wed, 24 Mar 2010 11:36:50 +0000

Home sales in the South rose nearly 8 percent in February, as federal tax credits and bargain prices enticed buyers. Last month, 113,000 homes were sold in the region, but the median sales price dipped 4 percent from a year ago to $139,600, the National Association of Realtors said yesterday. Sellers cut asking prices to [...]

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Existing home sales fall — again

Associated Press — Tue, 23 Mar 2010 14:40:17 +0000

WASHINGTON — Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern that the fragile housing rebound could falter, making it harder for the overall economy to recover. The National Association of Realtors said that sales of previously occupied homes [...]

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America cannot afford more deficit

Alan Turner — Sun, 14 Feb 2010 06:01:51 +0000

A famous quote that is often attributed to the late Congressional Rep. Everett Dirksen goes like this: “A billion here, a billion there. Pretty soon it runs into real money.” Appearing on a recent edition of “Meet the Press,” financial mavens Alan Greenspan and Hank Paulson discussed the economic health and well-being of the nation, [...]

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