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Tag Archives: real estate

House buyers, sellers getting what they want in central Mississippi

By JACK WEATHERLY Both sides in the residential real estate market in central Mississippi are getting what they want. First, the seller’s side. Pending sales were up 53.9 percent last month, compared with a year earlier, according to the Central Mississippi Realtors Association. And sellers got 95.4 percent of their listed price, with the average stay on the market of ...

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Watching the House and the Senate — For 2017 session, Realtors advocating passage of bill to help first-time buyers save

By BECKY GILLETTE About 200 members of the Mississippi Association of Realtors attended the annual Realtor Day at the Capitol Feb. 2, hearing from their elected officials, and discussing the Mississippi Realtors 2017 legislative priorities. Clarke Wise, governmental affairs director for Mississippi Realtors, said members heard from Gov. Phil Bryant, Lt. Gov. Tate Reeves, Secretary of State Delbert Hosemann, Treasurer ...

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Post-election uncertainty, market activity result in mortgage spike for potential homebuyers

By LYNN LOFTON  The election has turned the mortgage industry upside down with very quick movement to higher interest rates – an increase of at least .5 percent in just a week’s period of time, said Joe W. McNeese III, president of the mortgage division, Community Bank, Brandon. McNeese said mortgage rates tend to follow what the bond market is ...

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New law uncovers secrets: 10 to 15 percent of real estate applicants have criminal convictions

By BECKY GILLETTE  Starting July 1, regulations went into effect that were passed by the Mississippi Legislature to provide more protections for consumers by requiring real estate agents in Mississippi to have fingerprinting and a background check before being licensed. Mississippi Real Estate Commission Administrator Robert Praytor said background checks are showing about ten to 15 percent of applicants have some ...

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COMMERCIAL FINANCE 701: Zoning – trust, but verify, authenticate & insure

Zoning plays a critical role throughout the life of a commercial development.  In terms of reviewing zoning status, the Reagan-adopted “trust, but verify” adage should come to mind.  Zoning, however, can be quite complex and the more appropriate proverb might be “trust, but verify, authenticate and insure.” As the term is generally used, “zoning” refers to the approved usage of ...

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HUD deal will force Ridgeland to reverse course on affordable housing

By TED CARTER Ridgeland’s strategy to significantly cut the number of multi-family rental units has backfired to now require city officials to promote more of the housing they sought to eliminate. An agreement that lets Ridgeland avoid Fair Housing Act violation penalties from the U.S. Department of Housing and Urban Development gives the City 180 days to give HUD an ...

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Lawyers for or apartment complexes, residents not ready to back off suits

» Lingering questions after HUD’s Ridgeland settlement could keep litigation alive By TED CARTER Ridgeland’s Fair Housing Act settlement with the U.S. Department of Housing and Urban Development does not end private litigation that arose in the past 18 months over the City’s effort to displace thousands of residents from multi-family rental complexes. A lawyer for several Ridgeland rental complexes says ...

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Continuing education another key for Mississippi real estate agents

By LYNN LOFTON  State realtors find it’s important to continue learning to remain viable in a changing industry and world. Much of that education is obtained through the Mississippi Association of Realtors. Lisa W. Hollister, president of MAR, explains why real estate professionals invest in continuing education. “The relationship that a realtor shares with his/her client is based on trust ...

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Housing market in Central Mississippi having solid 2016

A six-month streak of sales gains through June capped off a solid first half of 2016 for the 10-county Central Mississippi housing market, according to a news release from Central Mississippi MLS. The average gain for the first six months was 11.83 percent, kick-started by a 15.6 percent increase in January. Closed sales in Rankin County appear to be the ...

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