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Tag Archives: home

Concerns still high about possible flood insurance hikes

GREENVILLE — Henry Nathaniel has escaped the rising tide of flood insurance costs for now, but he’s still worried. The retired 70-year-old owns a 1,650-square-foot house valued at less than $50,000 on Greenville’s north side. He was already paying a relatively steep $550 a year to the National Flood Insurance Program. Then he got a notice in the mail saying ...

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Home repairman violates court order, gets jail time

BAY ST. LOUIS — A Hancock County resident has been incarcerated based on the revocation of his 2012 false pretenses conviction, according to Attorney General Jim Hood. Brad Dale Strong, 34, of Bay St. Louis was brought before Circuit Judge John Gargiulo in Hancock County by the Mississippi Attorney General Office’s Consumer Protection Division. Strong previously pled to false pretenses ...

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Congress passes bill that eases flood insurance premium hikes

WASHINGTON — Less than two years after passing major legislation aimed at reforming the government’s much-criticized flood insurance program, Congress yesterday sent President Barack Obama a bill to scale back many of the resulting big flood insurance premium increases faced by hundreds of thousands of homeowners. The measure would also allow below-market insurance rates to be passed on to people ...

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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 Affordability Act (HR.3370) that the ...

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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 in home prices nationally. On ...

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RE/MAX: Winter storms chill U.S. home sales

DENVER — As the result of unusually strong winter storms, January home sales fell lower while prices continued a trend of double-digit increases, according to the RE/MAX National Housing Report. Winter storms that impacted many regions of the country caused numerous delays or cancellations of closings, bringing home sales 7.1 percent lower than one year ago. With the rate of ...

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

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 — outperforming the overall price movement ...

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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 0.1 percent in December 2013 ...

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U.S. Senate passes flood insurance bill

WASHINGTON – The U.S. Senate has passed a flood insurance bill Sen. Thad Cochran (R-Miss.) helped write by a vote of 67-32. The Homeowner Flood Insurance Accountability Act (S.1926) would amend the Biggert-Waters Flood Insurance Reform Act of 2012 to give the Federal Emergency Management Agency (FEMA) time to certify its flood mapping methods and to complete an affordability study ...

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House bill would require more information from insurers

JACKSON — Lawmakers could require insurers to disclose how much they collect in premiums and how much they pay in claims in each ZIP code. House Bill 753 could spark more debate over how much coastal homeowners are charged to cover against hurricanes, as well as make it clearer what areas private wind insurers are avoiding. The House Insurance Committee ...

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