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Tag Archives: housing

FNC staff preparing for first 'The Forge' hackathon

OXFORD — FNC Inc. employees will literally work around the clock one day next month. Software developers at the Oxford-based mortgage technology company will participate in FNC’s first-ever 23-hour innovation challenge, a hackathon dubbed “The Forge.” Beginning at 3 p.m. on Dec. 19, teams of one to three employees will face off in a battle of the brains as they ...

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FNC: Home prices show 'strong growth' during third quarter

OXFORD — The latest FNC Residential Price Index (RPI) shows strong growth of home prices during the third quarter of 2013 as the housing recovery continues to broaden across the country. The index, constructed to gauge the price movement among the underlying non-distressed home sales, increased 2.5 percent between the second and third quarters, making the third-quarter growth the fastest ...

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Section 42 ruling to impact tax collections on Coast

MISSISSIPPI GULF COAST — A recent state Supreme Court ruling is expected to cost Coast counties, cities and schools more than $6 million in tax revenue. That’s according to Mississippi Coast tax assessors. The ruling pertains to how counties calculate the value of Section 42 or federally subsidized tax-credit housing for tax purposes. The Sun Herald reports Jackson County Tax ...

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Man accused of impersonating USDA official asks for trial delay

OXFORD — A lawyer has asked to delay the Oct. 7 trial of man charged with impersonating an employee of the U.S. Department of Agriculture to collect deposits from people in a rental housing program. Willie McCain was indicted July 24 on three counts. The indictment says he solicited the money in April 2012 from people in Greenwood participating in ...

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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 in the last six months. ...

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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 has been squeezed by federal ...

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US foreclosure inventory down 29 percent nationally from a year ago

CoreLogic today released its May National Foreclosure Report with a supplement featuring quarterly shadow inventory data as of April 2013. According to CoreLogic analysis: There were 52,000 completed foreclosures in the U.S. in May 2013, down from 71,000 in May 2012, a year-over-year decrease of 27 percent. On a month-over-month basis, completed foreclosures increased 3.5 percent, from 50,000 in April 2013 to ...

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Ex-housing director pleading guilty to conspiracy to embezzle

SHELBY — The former director of a nonprofit housing agency has agreed to plead guilty to charges against her and testify against an ex-state employee. Linda Balducci of Shelby pleaded guilty last week before U.S. District Judge Michael Mills to one count of conspiracy to embezzle money. Court papers show that Balducci also will testify against codefendant Connie Lewis, a ...

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Realtors report better prices, sales in metro Jackson

JACKSON — The housing market is looking up in central Mississippi. The Clarion-Ledger reports that statistics from the Jackson Association of Realtors show higher prices and faster sales than a year ago. Board president Dorothy Thompson says people finally seem convinced they’ve survived the worst of the recession and can again make big-ticket purchases. The association covers Hinds, Madison, Rankin, ...

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Homebuilders, foresters optimistic about 2013

While there is still a long way to go to full recovery, two Mississippi industries – homebuilding and forestry – are expecting another bounce-back year in 2013. “There certainly is no housing boom going on,” said Marty Milstead, executive vice president of the Home Builders Association of Mississippi. “Some of our members are very, very busy; some need more work. ...

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