Posts Tagged ‘residential real estate’

Six months after EF4 tornado, work continues on recovery

HATTIESBURG — Saturday marked six months since an EF4 tornado tore through the Hattiesburg area, and volunteers from around the country still are pitching in to help repair and rebuild homes. Restore, Rebuild, Recover South Mississippi, also known as R3SM, is a long-term recovery agency created by the United Way of Southeast Mississippi after Hurricane […] [...]

Wind pool rate to go up 3.2% for homeowners, 5% on commercial policies

MISSISSIPPI GULF COAST — Insurance rates for the state wind pool are set to increase Dec. 1 on renewals and new policies. The Sun Herald reports a Mississippi Insurance Department filing shows owners of homes and mobile homes will see hikes of 3.2 percent, and commercial policies will go up 5 percent. Wind pool director […] [...]

County sees building permits soar; up 41 percent compared to last year

OLIVE BRANCH — Planners in DeSoto County say July’s brisk pace for building permits is a hopeful sign for the local economy. County deputy planning director Tom Haysley tells The Commercial Appeal that the housing industry is cautious about identifying the spurt as a trend but records show more permits are being issued for subdivision […] [...]

City to appeal property values set by county assessor

BILOXI — The city of Biloxi intends to appeal the valuation of dozens of buildings that the county assessor says have no value — and therefore the owners pay no property tax — since Hurricane Katrina. Community development director Jerry Creel presented the city council yesterday a list of buildings that are appraised by the […] [...]

Real estate developer gets 10 days in prison for bank fraud

OXFORD — DeSoto County developer Chuck Roberts will serve 10 days in a federal prison in September for his role in a bank fraud scheme involving a Southaven subdivision his company was planning to build. The Commercial Appeal reports the 46-year-old Roberts said during yesterday’s sentencing hearing in U.S. District Court in Oxford that his […] [...]

Arlington owner makes surprise court appearance; pleads guilty

NATCHEZ — Historic Arlington owner Dr. Tom Vaughan of Jackson made a surprise appearance in Natchez Municipal Court and pleaded guilty to failure to maintain property. Municipal Court Judge Pro Tem Tony Heidelberg tells The Natchez Democrat Vaughan did not show up for his actual court date on July 1. Heidelberg said Vaughan told him […] [...]

Businessman buys historic home, plans mixed-use development

HATTIESBURG — A Hattiesburg businessman is planning to renovate a building that was constructed in 1898 and says it will add three apartments and retail space to downtown. The Hattiesburg American says the building on Front Street is owned by local businessman Charles Price. Price said the entire building encompasses 3,600 square feet. The first […] [...]

FNC index: U.S. housing prices were up again in May

OXFORD — The latest FNC Residential Price Index (RPI) shows that U.S. home prices continue to steadily improve, climbing another 0.5 percent in May in conjunction with continued improvement in housing market fundamentals. Notably, the FNC RPI shows that the pace at which home prices are rising is rather modest, averaging 0.4 percent per month […] [...]

Housing authority looking to cut workweek to four days

LELAND — The director of the South Delta Regional Housing Authority is proposing a four-day workweek for employees. The Delta Democrat Times reports Patricia Logan presented the idea to SDRHA’s board. Logan wants to switch the agency’s 30 employees to a 10-hour-a-day, four-day-a-week schedule from the current five eight-hour days. Logan says the agency’s budget […] [...]

City’s new rental property ordinance gets opposition from landlords

PEARL — Tensions are high in Pearl over a new ordinance related to rental property. The Clarion-Ledger reports the city is requiring existing rental properties to have sprinklers in case of fires. It also mandates landlords add warning sirens, a telephone or text emergency warning system that would notify tenants in emergencies, and storm shelters […] [...]

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