2013 Mississippi Housing Market

Despite widespread reports of a nationwide real estate market recovery, Mississippi continues to lag slightly behind. Forecasts call for an annual appreciation rate for single family homes in Mississippi’s residential housing market of 0.3 percent by September of 2013. However, in late March of 2013, Veros, a Santa Ana, Calif.-based predictive analytics firm, projected that Gulfport-Biloxi would be one of the five weakest markets with a -2.3 … [Read more...]

Mortgage Delinquencies Drop Two Straight Months

By Mike Colpitts Mortgage delinquencies fell for the second consecutive month in July and are down 11% for the last year, signaling a major improvement for the U.S. housing market, according to Lender Processing Services. Loans that are 30 days or more past due made up just 7.03% of home mortgages. The decline in late payments is positive news for the market beleaguered by the foreclosure crisis, with more than 2-million homes in the … [Read more...]

Isaac Poses $36 Billion in Storm Damage

By Mike Colpitts As it roars toward the Gulf Coast to make landfall forecast to turn into a hurricane, tropical storm Isaac poses more than $36 billion in financial losses to the Gulf Coast, according to a real estate research firm. An estimated 269,081 homes and other residential properties in just seven major metropolitan areas along the Gulf Coast could be at risk from the powerful storm, an analysis from CoreLogic showed. “The current … [Read more...]

Mortgage Delinquencies Jump

By Mike Colpitts Homeowners in trouble on their mortgages jumped as more homes joined the long line of defaults in May showing another sign the U.S. economy is weakening, according to real estate analytics company Lender Processing Services. The slim 1.1% monthly jump in defaults is a troubling sign for the  U.S.  housing market, still struggling to get out of its rut. But the rate at which homeowners are losing homes to foreclosure or bank … [Read more...]

Real Estate Recovery Likely to Produce Higher Home Prices

By Mike Colpitts The fallout from the real estate collapse is starting to see a turn around in some areas of the U.S. Home sales slid 7.4% in March in western U.S. states but fell more modestly in the rest of the country, according to the National Association of Realtors. But home prices in some regions are rising, delivering a promising sign for a nationwide recovery. The national median existing home price was $163,800 at the end of … [Read more...]

Florida Capital Named Baby Boomers Favorite

The capital of Florida has been named the favorite U.S. city for baby boomers to retire by a Washington based economics research group.  Tallahassee, Florida won out over 20 other cities considered for the prestigious award as the ideal place to retire. The southern city was selected after researchers considered a combination of factors, including climate, cost of living, available health care and other priorities. The Washington Economics … [Read more...]

Florida Capital Named Baby Boomers Favorite

The capital of Florida has been named the favorite U.S. city for baby boomers to retire by a Washington based economics research group. Tallahassee, Florida won out over 20 other cities considered for the prestigious award as the ideal place to retire. The southern city was selected after researchers considered a combination of factors, including climate, cost of living, available health care and other priorities. The Washington Economics … [Read more...]

2012 Mississippi Housing Market

Mississippi has experienced its challenges over the years, especially when it comes to the economy and Mother Nature. But the Mississippi real estate market is showing improving signs of recovery, despite tough economic realities. Homes in South Mississippi along the Gulf Coast, which was all but destroyed by Hurricane Katrina are selling at a faster clip than a year ago. Home values have begun to show signs of a recovery as demand for … [Read more...]

Mortgage Delinquencies Drop

By Kevin Chiu The number of homeowners behind on their mortgages has dropped as a result of a higher number of mortgage modifications, according to one of the nation’s largest providers of mortgage data. The drop in mortgage delinquencies is a positive sign for the housing market, despite an uphill battle banks and mortgage companies are waging with the foreclosure crisis. Mortgage delinquencies fell 2.5% in August from July, according to … [Read more...]

Mortgage Defaults Surge Higher

By Kevin Chiu Mortgage defaults, the first step homeowners face in the foreclosure process, surged higher during the month of June demonstrating an increase in future anticipated foreclosures growing at the fastest rate in more than a year, according to Lender Processing Services, a real estate data supplier which tracks defaults. The surge in mortgage defaults shows the expected rise in foreclosures may be just months off as the housing … [Read more...]