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Tag Archives: residential real estate

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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Beach lot sales slump; average time on market grows to two years

MISSISSIPPI GULF COAST — For-sale signs sprout like flowers along beach properties in the three Coast counties. The Sun Herald reports only six residential lots and three commercial lots on the beach in Harrison County sold in the last 12 months through the Mississippi Gulf Coast Multiple Listing Service. The average time on the market of residential lots in Harrison ...

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FNC report: U.S. home prices still on the rise

OXFORD — The latest FNC Inc. Residential Price Index (RPI) shows continued growth of home prices in August as the U.S. housing recovery remains well underway. The index moved 0.6 percent higher from the previous the month, making August the 18th consecutive month of rising home prices. According to the FNC RPI, August home prices have climbed to the levels ...

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Trial rescheduled of Alabama man accused of wetlands violations

HANCOCK COUNTY — The trial date has changed for William R. Miller, a Fairhope, Ala., real estate developer accused of wetlands and Clean Water Act violations in Hancock County. U.S. District Judge Walter J. Gex III recused himself from hearing the case in July for unspecified reasons. The Sun Herald reports Judge Louis Guirola Jr. has set the trial for ...

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Vacant federal office building could convert to mixed-use space

JACKSON — The James O. Eastland Federal Building in downtown Jackson may be converted into apartments and commercial space. The Clarion-Ledger reports that developers say the project would cost $20 million. The 115,000-square-foot space has sat vacant since Aug. 1, 2011, following the opening of the new federal courthouse. Built in 1934 by the Jackson-based architectural firm Hull and Malvaney, ...

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Road to dam cracks; officials find no other damage

PURVIS — Lamar County officials say a crack has been discovered on the roadway that runs on the Canebrake dam but no other damage or seepage has been found on either side of the dam. The Canebrake Homeowners Association is lowering the water level while the roadway is closed for repairs. Canebrake Lake spans about 257 acres, with an average ...

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Former city contractor pleads guilty to bank fraud

SOUTHAVEN — A former contractor with the city of Southaven has pleaded guilty to a federal charge that he made false statements to an area bank to get money from a loan for drainage work at a subdivision that his development company never built. The Commercial Appeal reports it took 53-year-old James Harris, of Hernando, just 25 minutes to enter ...

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Contract awarded to demolish flood-damaged homes on lake

GREENVILLE — The Washington County Board of Supervisors has awarded a contract for $33,455 to demolish five Lake Ferguson houses acquired this summer. The Delta Democrat Times reports that the work is being funded by the Federal Emergency Management Agency. The supervisors began last year acquiring the five houses, which were among more than a dozen damaged by the May ...

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City to auction off 62 tax-forfeited properties

GREENWOOD — Sixty-two parcels of tax-forfeited land in Greenwood, valued at $195,000, will be sold at an auction in September. Sealed bids must be received by the secretary of state’s office by 5 p.m. Sept. 18. Bids will be opened at 10 a.m. Sept. 19 in Jackson. Secretary of State Delbert Hosemann tells the Greenwood Commonwealth that the city and ...

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Two suspects face sentencing for bank fraud

HATTIESBURG — Two suspects in a federal bank fraud case face sentencing in November following their guilty pleas earlier this month. Angela D. Bryant and Timothy Bryant both pleaded guilty to charges against them Aug. 15 and are set to be sentenced by U.S. District Court Judge Keith Starrett on Nov. 7 in Hattiesburg. Angela D. Bryant pleaded guilty to ...

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