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Tag Archives: homes

Average US 30-year mortgage rate slips to 4.28 pct

WASHINGTON — Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent. A report released Tuesday ...

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Distress sales continue to drag down state’s average home sale price tag

JACKSON, Mississippi — Mississippi’s October home prices climbed only 1.9 percent over October 2012. But once distressed sales are removed from the calculation, the state’s average home price climbs by 6 percent over the previous October, says CoreLogic, a California-based residential property information, analytics and services provider. CoreLogic’s statewide totals that include short-sales and foreclosure sales are slightly more favorable ...

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Nationally, new home sales surge 25% in October

New home sales are surging, according to a report from the U.S. government on Wednesday. Sales of new single family homes jumped to a seasonally adjusted annual rate of 444,000 in October, up 25.4% from the previous month’s revised rate, according to the U.S. Department of Housing and Urban Development.

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Pilgrimage officials report one of best years in decade

NATCHEZ — Attendance was strong at Natchez’s Spring Pilgrimage. Pilgrimage Tours director Marsha Colson tells The Natchez Democrat that 2013 was the second-best season Natchez has seen in 10 years. Colson said tour sales were up over last year, and group tours did especially well this year. This year’s numbers are close to those in 2011, which was the Pilgrimage’s ...

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Commission scraps plans for historic district due to lack of funding

COLUMBUS — An effort to create a historic district for the Southside area has been scuttled due to a lack of funding. The Commercial Dispatch reports the Historic Preservation Commission had planned to seek a 50-50 matching grant of up to $10,000 from the Mississippi Department of Archives and History’s Historic Preservation Division to set up and administer the district. ...

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Housing organization's funding cuts could cost police jobs

NATCHEZ — Dramatic funding cuts for the Natchez Housing Authority have caused the authority to cut spending, which could include $60,000 for salaries of two Natchez police officers. Director Alan Ingram tells The Natchez Democrat the authority has paid the city $60,000 for several years for two extra patrol officers to provide security at the properties it operates. Ingram said ...

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County sees single-family building permits soar in May

DESOTO COUNTY — Single-family building permits surged in May, driving up year-to-date activity and leaving DeSoto officials optimistic for a long-sought housing-industry turn-around. Planning director Ted Garrod tells The Commercial Appeal 85 single-family permits were recorded, with 28 in the unincorporated county. He says the latter is a 68 percent increase over last May’s figure of just 19 in areas ...

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Fitch upgrades rating on Old Republic, subsidiaries to 'positive'

MADISON — Fitch Ratings has placed the ratings of Old Republic International Corporation’s (ORI) and its insurance company subsidiaries on rating watch positive. The ratings were previously on rating watch negative, where they had been placed Jan. 25, 2012. The rating includes Mississippi Valley Title Insurance Company of Madison, an ORI subsidiary. Fitch wrote in part: “The rating watch reflects ...

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FNC index shows U.S. home prices up for first time since last July

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values are up for the first time since July 2011, providing more evidence that the housing market is rebounding as the spring home-buying season is underway. Despite modest declines in March home sales, home prices — based on recorded sales transactions in the nation’s 100 largest metropolitan ...

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Tax-forfeited properties up for bid in Port City

GREENVILLE — Eighty tax-forfeited parcels at a value of over $265,000 in the Greenville area up for bid, and Greenville Mayor Chuck Jordan and Secretary of State Delbert Hosemann held a joint press conference yesterday to market these lands. “Tax-forfeited properties are a drain on the community, the state and your local tax rolls,” said Hosemann. “Abandoned and blighted properties ...

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