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Tag Archives: house

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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FNC index: Home prices continue moderate rise

OXFORD — The latest FNC Residential Price Index (RPI) shows U.S. home prices continuing to rise at a modest pace despite at a flatter rate when compared to the spring and summer months. This trend largely reflects a decline in housing activity. The index, constructed to gauge underlying property value based on non-distressed home sales only, was up 0.5 percent ...

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Homeowners see second-largest drop in home insurance premiums in U.S.

A new report on home insurance premiums is good news for the most of the nation and excellent news for Mississippians. According to the HomeInsurance.com RateReport, average 12-month U.S. home insurance premiums fell from December 2012 to December 2013. The average annual premium in December 2013 was about $823, down 9.5 percent from the $900 average at the end of ...

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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 Gulfport last Saturday to discuss ...

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City officials targeting blighted property

COLUMBUS — The City Council has appointed a task force to study Columbus’ problem with dilapidated properties and vacant lots. The Commercial Dispatch reported the request to set up a committee came from Councilman Kabir Karriem. He said the city needs to closely examine blighted areas and consider the possibility of incentives for redevelopment to return them to the city’s ...

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