Posts Tagged ‘residential real estate’

Court of Appeals upholds Madison’s rental ordinance

MADISON — The state Court of Appeals has denied property owner Mike Crook’s challenge to a city of Madison ordinance he argues was designed to keep renters out of the Jackson suburb. Crook was convicted in 2011 of violating the ordinance and fined $600. City officials say Crook, a former Madison County chancery clerk and […] [...]

Cochran supports House’s version of flood insurance bill

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) is praising the passage of legislation in the House of Representatives that, like a Senate-passed bill he helped write, would protect homeowners, businesses and communities from unreasonable flood insurance premiums without jeopardizing the stability of the National Flood Insurance Program (NFIP). Cochran said the Homeowner Flood Insurance […] [...]

Report: Mississippi only state to see drop in home prices

IRVINE, Calif. — CoreLogic has released its January CoreLogic Home Price Index (HPI) report, and it shows that Mississippi is the only state to show a depreciation in home prices. Home prices nationwide, including distressed sales, increased 12 percent in January 2014 compared to January 2013. This change represents 23 months of consecutive year-over-year increases […] [...]

FNC index: U.S. home prices show fastest growth since 2012

by MBJ Staff Published: February 18,2014

Tags: FNC Inc, home, home price, house, mortgage, residence, residential real estate

OXFORD — The latest FNC Residential Price Index (RPI) shows U.S. home prices continue to rise. As of December, the RPI indicates the fastest year-over-year growth since the recovery began in early 2012. The index, constructed to gauge price movement among normal home sales exclusive of distressed properties, was up 0.3 percent in December — […] [...]

CoreLogic: State ranks third in nation in decreased home prices

CoreLogic has released its December CoreLogic Home Price Index (HPI) report. Year over year, home prices nationwide, including distressed sales, increased 11 percent in December 2013 compared to December 2012. This change represents the 22nd consecutive monthly year-over-year increase in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, decreased by […] [...]

Officials want court to toss case involving alligators and ExxonMobil

WILKINSON COUNTY — State wildlife officials want the Mississippi Supreme Court to throw out a dispute between a Wilkinson County couple and ExxonMobil Corp. over an alleged alligator infestation. In a friend-of-the-court brief, the wildlife agency argues “because wild alligators are the property of the state, and not subject to private ownership, private landowners have […] [...]

Cochran ‘encouraged’ by effort to stop flood insurance reforms

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) says he is encouraged by the growing momentum for the Senate to consider bipartisan legislation he helped write to stop flood insurance reforms that are having unintended and harmful economic consequences throughout Mississippi and other states. Cochran met with dozens of local officials and business leaders in […] [...]

Delta mayor indicted for false pretense, wire fraud

ROLLING FORK — The mayor of a small town in the Mississippi Delta has been indicted on false pretense and wire fraud charges related to his construction company’s invoices for grants to rehabilitate houses, according to court records. A Sharkey County grand jury charged Rolling Fork Mayor Eldridge “Butch” Walker in two separate indictments Monday, […] [...]

Delta city sets shorter deadline for owners of blighted property

LELAND — The town of Leland is giving owners of dilapidated homes less time to decide what to do with them. The board of aldermen this week voted to give owners of structures that are candidates for condemnation 15 days to produce a written agreement with a contractor stating that work would begin within 60 […] [...]

FNC: Home prices show ‘strong growth’ during third quarter

by MBJ Staff Published: November 19,2013

Tags: FNC Inc, home, home price, house, housing, housing market, Residential Price Index, residential real estate

OXFORD — The latest FNC Residential Price Index (RPI) shows strong growth of home prices during the third quarter of 2013 as the housing recovery continues to broaden across the country. The index, constructed to gauge the price movement among the underlying non-distressed home sales, increased 2.5 percent between the second and third quarters, making […] [...]

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