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FNC index shows U.S. home prices continue to rise

OXFORD — FNC’s latest Residential Price Index (RPI) indicates that U.S. residential property values are up for the second month in April — evidence that home prices are strengthening as rising demand and limited inventory continue to characterize many U.S. markets. Nationwide, April home prices — based on recorded sales transactions in the 100 largest metropolitan areas — rose 0.6 ...

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Report: Home prices were up in South Mississippi in May

MISSISSIPPI GULF COAST — The average sales price of a home in South Mississippi rose again in May to the highest level of the year. The price increased to $122,293. That’s according to a report from the Mississippi Gulf Coast Multiple Listing Service. That was just $1,000 shy of the average price a year ago and $5,000 higher than in ...

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AP: Property taken, Katrina recovery money used for unneeded sewage plants

ACROSS MISSISSIPPI — An Associated Press investigation shows officials in Mississippi took private property and spent millions of dollars in Hurricane Katrina recovery money on sewage plants that may not be needed for decades. In one case, a legal battle over a small strip of land between an 86-year-old woman, her family and a county utility board has prevented a ...

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New fire department rating could mean lower insurance costs

COLUMBUS — A new ranking for the Columbus Fire Department could mean reduced insurance rates for home and business owners in the city. The Mississippi Rating Bureau has rated Columbus a four, which is up from its rating a five where it has remained for the past 30 years. Mayor Robert Smith tells The Commercial Dispatch Columbus joins other cities ...

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Graceland celebrating 30 years as tourist destination

MEMPHIS, Tenn. — When Graceland opened to the public 30 years ago this month, nobody knew if it would be a success. Nearly 18 million visitors later, the house where Elvis Presley once lived is a money-making business that’s helped transform the city of Memphis into a top destination for music lovers. But Presley’s ex-wife says it’s the spirit of ...

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Hancock Fabrics' sales up, but still records net loss

BALDWYN — Hancock Fabrics Inc., for its first quarter ended April 28, reports an operating loss of $1.2 million, compared to a $1.0 million loss in the first quarter of last year. The net loss was $2.4 million, or $0.12 per basic share, compared to a net loss of $2.2 million, or $0.11 per basic share, in the first quarter ...

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