Posts Tagged ‘residential’

Court upholds conviction of ex-mortgage broker Persac

JACKSON — A federal appeals court has upheld the conviction of former mortgage broker Michael Persac Persac and former broker Jason Ellis were convicted in 2011. They were both ordered to prison and were ordered to forfeit more than $3 million and pay more than $781,000 in restitution. A three-judge panel of the 5th U.S. […] [...]

Chaney expects insurers to pay only $24M for Isaac damage

ACROSS MISSISSIPPI — Private insurers expect to pay more than $24.3 million in claims in Mississippi as a result of Hurricane Isaac, Insurance Commissioner Mike Chaney says. Chaney says that as of yesterday, Mississippi’s 21 largest insurers had received 9,400 claims and paid $8.6 million. That’s tiny compared Hurricane Katrina’s $41 billion in insured damage […] [...]

FNC: U.S. home prices up year-over-year for first time since bust

by MBJ Staff Published: September 20,2012

Tags: economy, home, home price, homeownership, house, index, real estate, report, residence, residential, residential real estate

OXFORD — FNC’s latest Residential Price Index (RPI) indicates U.S. residential property values continue to climb, capturing a fifth consecutive monthly gain as the result of rising demand. More notably the index shows that for the first time since the housing market collapsed in 2007, home prices are beginning to recover on a year-over-year basis, […] [...]

Contractor gets probation for role in housing kickback scheme

GREENVILLE — Contractor Jimmy Johnson has been given two years’ probation for his role in aiding and abetting embezzlement in a kickback scheme from a Mississippi Delta housing agency. He had faced up to 10 years in prison. The Delta Democrat Times reports Johnson and South Delta Regional Housing Authority director Ann Jefferson were indicted […] [...]

Authorities continue effort to save two Isaac-damaged dams

by Associated Press Published: September 6,2012

Tags: dam, flood, flooding, home, house, hurricane. rain, lake, real estate, residence, resident, residential, strom, tropical, water, Weather

LAMAR COUNTY and PIKE COUNTY — Mississippi Emergency Management Agency says the release of water from two damaged dams in Lamar and Pike counties continues. MEMA director Robert Latham says while it uncertain how any additional rainfall may impact these dams, work will continue until the risk to the public is eliminated. Neither dam has […] [...]

FNC index shows U.S. home prices still rising

by MBJ Staff Published: August 30,2012

Tags: economy, home, house, market, price, real estate, recession, residence, resident, residential

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values continue to gain traction amid signs of slower economic growth and a stagnant labor market. Home prices rose again in June for the fourth consecutive month. Nationwide, June home prices — based on recorded sales of non-distressed properties (existing and new […] [...]

Developer wants to build townhouses near Forks of the Road

NATCHEZ — A developer wants to construct townhomes on land located next to the Forks of the Road historic site. The Natchez Democrat reports the Planning Commission voted 5-2 in January to approve a site plan for the 26-unit affordable townhouse development. Charter Companies of Oxford is the developer. Alderman Ernest “Tony” Fields says he […] [...]

Home sales, prices up on Coast compared to 2010

by Associated Press Published: January 24,2012

Tags: home prices, home sales, homeowners, homeownership, homes, houses, real estate, residences, residential

MISSISSIPPI GULF COAST — Mississippi Gulf Coast home sales finished 2011 on an upswing, with average sales prices up $8,000 in December and more homes sold than at the end of 2010. The Mississippi Gulf Multiple Listing Service report showed the average sales price of a home in South Mississippi was $124,694 in December. That […] [...]

FNC: U.S. home prices fell despite strong sales

by MBJ Staff Published: October 23,2011

Tags: home prices, home sales, homes, houses, real estate, residential

OXFORD — FNC Inc.’s latest Residential Price Index indicates U.S. home prices declined in August despite strong existing home sales during the month. This decline reverses a modest fourth-month long seasonal uptrend. Amid weak economic fundamentals, home prices — as well as a number of key leading housing indicators including new housing starts and building […] [...]

City looking to enact redevelopment tax

by Associated Press Published: December 28,2010

Tags: apartments, construction, development, municipal government, residential, taxes

RIDGELAND — The City of Ridgeland will seek legislative — and ultimately voter — approval for a 1 percent increase in the local sales tax to redevelop a southeastern area and reduce the number of apartment complexes. The tax would be very similar to the tourism tax currently levied on Ridgeland hotels, motels and restaurants, […] [...]

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