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Poverty in Rural America - The Other Side of Green Acres - 12/15/09 09:23 PM
Poverty in Rural America - The Other Side of Green Acresby Pam SimpsonThe Kudzu Vine Back at the beginning of 2009, I wrote a blog post about how much I liked living in the rural countryside (Green Acres is the Place to Be). I love living where I do, but there is another side of rural life that is often overlooked or just swept under the rug. Poverty is nothing new to rural Mississippi. Even though the communites that I serve in Northwest MS (Desoto and Tate counties) have seen an influx of working professionals seeking a place to raise families, we still have large pockets (5 comments)
Understand the Absorption Rate - 12/14/09 09:37 PM
This blog by Robin Scott, real estate broker in Austin, TX is a very good and easy to understand explanation of the term Absorption Rate. In my monthly Market Reports, I make reference to how many months of housing inventory we have on hand. I calculate the housing inventory the same way as described in this blog, but I use sales from the last 90 days as a guide. So, what does this the Absorption Rate tell us? If the number is 4 months or less, chances are it is more of a sellers market because the amount of inventory is low. (3 comments)
Tate County MS Real Estate Market Report - November 2009 - 12/11/09 12:03 PM
Tate County MS Real Estate Market Report - November 2009by Pam SimpsonThe Kudzu Vine There were only 12 residential sales in Tate County MS for the month of November and the average sales price dipped to $114,679 with the average number of days on the market of 137.
Foreclosures made up 25% of the sales in Tate County MS. For comparisons to last month and last year at this time: October 2009sales 19 avg $156,942 avg DOM 180 November 2008sales 8 avg $107,762 avg DOM 125 Here is a chart showing the areas of Tate County MS with the most (0 comments)
Olive Branch MS Real Estate Market Report - November 2009 - 12/11/09 11:48 AM
Olive Branch MS Real Estate Market Report - November 2009by Pam SimpsonThe Kudzu Vine There were 67 residential sales in Olive Branch MS for the month of November with an average sales price of $161,186 and an average days on the market of 143.
Out of those 67 sales, about 27% were foreclosures. Here are the numbers from last month and last year: October 2009sales 71 avg $180,729 avg DOM 151 November 2008sales 43 avg $166,354 avg DOM 89 There are currently 441 residential listings in Olive Branch MS with the prices ranging from a low of $35,000 to a (0 comments)
Hernando MS Real Estate Market Report - November 2009 - 12/11/09 11:31 AM
Hernando MS Real Estate Market Report - November 2009by Pam SimpsonThe Kudzu Vine Hernando MS had 27 residential sales in the month of November with an average sales price of $171,348 and an average number of days on the market of 121.
Out of those 27 sales, 26% were foreclosures which is a huge jump from the previous month. Here are those same stats for the prior month and prior year: October 2009sales 28 avg $180,745 avg DOM 156 November 2008sales 17 avg $177,956 avg DOM 101 Currently, there are 243 Active residential listings in Hernando MS with prices ranging (0 comments)
REO Urban Legends - 12/07/09 01:45 PM
I came across this post by Israel Barden, a Realtor in the Big Bear Lake area of California. REO is real estate jargon for Foreclosures. There is some good advice in this article for would-be bargain hunters in our Northwest MS foreclosure market. I know those late night info-mercials are enticing; however, the real world doesn't work that way. I can't tell you how many people can't believe the "bank" didn't take their low-ball offer for a foreclosure even when I tell them it will not be accepted. If you find a home you want to buy- foreclosure or otherwise -ask your (2 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.