desoto county: Horn Lake MS Open House - 05/10/09 02:19 PM
Horn Lake MS Open Houseby Pam SimpsonDesoto-Tate County Real Estate
I will be hosting an Open House on Saturday, May 16 from 11:00a.m. to 2:00p.m. at 2446 Mooneyham Lane in Horn Lake, MS.

This 3 bedroom, 2 bath home is located in the Somerset neighborhood just off Goodman Rd. a couple of miles west of Highway 51.
Both the front and the fenced back yard have been landscaped with colorful roses and lillies.
 Offered at $130,000

Can't make … (0 comments)

desoto county: New Grant Funds Available For Desoto County MS Homebuyers - 04/22/09 01:18 PM
New Grant Funds Available For Desoto County MS Homebuyersby Pam SimpsonThe Kudzu Vine
Mississippi has grant funds available for homebuyers in Desoto County, MS.  The grants are in the amount of $28,750 and can be used to cover down payment and closing costs.  Any leftover funds will be used for loan balance reduction.  There are only enough funds for 16 loans so don't delay if you think you may qualify.
You do not have to be a first-time homebuyer.  Here are some of the guidelines:
Must be a U.S. citizen Birth Certificates required if dependants last name is not same as parents The … (0 comments)

desoto county: Northwest Mississippi Foreclosure Market Report - Jan. 2009 - 01/16/09 06:06 AM
Northwest Mississippi Foreclosure Market Report - Jan. 2009by Pam SimpsonThe Kudzu Vine
Desoto CountyTate CountyPanola CountyMarshall County
For the week ending 1/16/2009, there were 24 homes added to the foreclosure inventory in Northwest Mississippi.  There were 31 price reductions this past week, and 11 went under contract.
Here is a chart showing the foreclosure activity in the 4-county area from mid-March 2008 to the present.

 After remaining fairly stable from November through the holidays, the number of homes added to the market jumped over the past 2 weeks.  On the flip side, the number of pending sales has dropped off steadily … (6 comments)

desoto county: Northwest MS Parade of HUD Homes - 01/09/09 05:10 AM
Northwest MS Parade of HUD Homesby Pam SimpsonDesoto-Tate County Real Estate
There are several HUD homes available in Desoto County, MS that are eligible for FHA insured financing with little or no repairs to qualify.  All of the following homes are available now for only $100 down payment if you use an FHA loan to purchase and you plan on living in the home.

1055 Wilson RidgeLake Cormorant
$128,7003 bedrooms, 2 bath1298 sq. ft.

2588 Winwood Cv.Horn Lake
$77,2004 bedrooms, 2 bath1838 sq. ft.

2384 Mooneyham Ln.Horn Lake
$81,2003 bedrooms, … (2 comments)

desoto county: GREEN ACRES IS THE PLACE TO BE... - 01/06/09 08:38 AM
Green Acres Is The Place To Beby Pam SimpsonThe Kudzu Vine
OK, maybe I'm showing my age here by making reference to the TV sitcom Green Acres, but I figure younger people are also familiar with it due to cable reruns. 
Ever dream about waving goodbye to the fast lane of the city and mooooving out to the country?  (Sorry, couldn't resist.)
Well, here's a few things it may take a while to get used to if you are a new transplant to Hooterville.
Many rural areas across the U.S. are still heavy (or moderate) farming communities.  Don't get bent … (2 comments)

desoto county: Desoto County Mississippi Home Decor Superstore - 11/18/08 06:41 AM
Desto County Mississippi Home Decor Superstoreby Pam SimpsonThe Kudzu Vine
Southaven, MS in Desoto County is home to a terriffic home decor superstore.  It is called House to Home. 
House to Home is located at 8961 Hwy 51 N. just south of Stateline Road.  It is owned by Mike and Julie Humphreys and opened for business on August 1, 2007.
The variety and number of items in this store is mind-boggling.  When you go, be prepared to spend a while strolling up and down the aisles.  If you go through the whole store twice, you will find things the second time … (1 comments)

desoto county: NW Mississippi Foreclosure Market Report - Nov. 2008 - 11/14/08 07:17 AM
NW Mississippi Foreclosure Market Reportby Pam SimpsonThe Kudzu Vine
Desoto CountyTate CountyPanola CountyMarshall County
I gather foreclosure data on my market every week.  This week (ending 11/14/08) there were 13 foreclosure homes placed on the market, 32 had price reductions and 16 went under contract.  That price reduction number got my attention because it usually hovers around 12-15.
Here is a chart that shows the Foreclosure Activity in the 4-county area from mid-March to present:

 As you can see, it's been a WILD roller coaster ride.  With as many price reductions as we had this week, I believe the Pending/Sold … (3 comments)

desoto county: 100% Rural Housing Loans for Northwest MS - 10/30/08 06:00 AM
100% Rural Housing Loans for Northwest MSby Pam SimpsonThe Kudzu Vine
The US Department of Agriculture may not the first placeyou think of when it comes to mortgage loans, but they administer one of the best mortgage loans for a good portion of Northwest MS.  The USDA Rural Development Guaranteed Housing Loan is a loan made available for low -to-moderate income individuals and families throughout many portions of the U.S.
In Desoto and Tate counties of Northwest MS, the maximum income limits are as follows: 

If you pay child care expenses, that can be factored into these numbers so the income limits could actually … (3 comments)

Northwest Mississippi Foreclosure Market Reportby Pam Simpson, Broker-Assoc.The Kudzu Vine
Desoto CountyTate CountyPanola CountyMarshall County
For the week ending 9/19/2008, there were 17 new foreclosure homes added, 12 price reductions, and 12 went under contract.
Here is a chart showing the Foreclosure Activity in the 4-county area since mid-March to present:

About 5.4 % of the active listings in the Northwest Mississippi market are foreclosures.  Here is a breakdown of the foreclosure market by community:

The most active area for foreclosure activity continues to be Olive Branch.  It has been my experience that many foreclosure sellers are now pricing … (2 comments)

desoto county: HERNANDO MISSISSIPPI MARKET REPORT - AUGUST 2008 - 09/24/08 06:48 AM
Hernando Mississippi Market Reportby Pam Simpson, Broker-Assoc.The Kudzu Vine
Hernando, Mississippi saw 29 residential properties sold in the month of August with an average sales price of $194,717.  Here are the comparisons for current, last month, and last year solds.
August 2008:     29 sold          Avg. Price $194,717July 2008:          22 sold          Avg. Price $189,969August 2007:     51 sold          Avg. Price $196,690
There are currently 272 Active Residential listings in Hernando which represents a 8.97 month supply.  That number is down from last month which showed a 9.6 month supply.  Foreclosures represent 3.7% of the Hernando market, which is up 1% from last month.
10 of … (0 comments)

Tate County, Mississippi saw 22 residential sold properties in July with an average sales price of $116,251.  Here is how the numbers look for current, last month and last year comparisons.
July 2008:  22 sold     Avg. Sales $116,251June 2008: 15 sold     Avg. Sales $149,804July 2007:  17 sold     Avg. Sales $138,018
There are currently 185 Active Residential listings in Tate County which represents a 12.2 month supply (OUCH!)  Foreclosures represent only 3% of the Tate County market.
The highest price Active property is a 35 acre estate with 2 homes, 3 ponds & a commercial bldg.  It is listed at $1,300,000.

desoto county: REALTOR 103 YOU ARE CLEAR FOR TAKE OFF - 08/22/08 05:14 AM
I was out showing homes in one of our Desoto County, Mississippi towns this past weekend (Olive Branch) and observed something I have not seen in a while.  When I got to the first home, there was already a REALTOR showing it to her client.  After they left and I was showing it to my client, another REALTOR was waiting for us to leave.  When I got to another home, the same thing happened.  When my clients and myself got in our cars to leave, I noticed a few cars waiting in line to see this home.  It reminded me of airplanes waiting … (3 comments)

This year, I decided to try and attend as many County Planning Commision and other public meetings as I could.  The main reason I wanted to attend is to learn about proposed new development in our area.  I live in Tate County which is just south of Desoto County, Mississippi (the fastest growing county in Mississippi).  The growth from Desoto County is finding its way into Tate County, as well.
Because new development has slowed this year, the agenda is usually light.  Sometimes, the only other person in attendance is the local news editor from our paper, The Democrat.  I always make … (3 comments)

desoto county: Northwest MS Foreclosure Market Report - 06/20/08 03:42 AM
Foreclosure Market Report for Desoto and Tate Counties in Northwest Mississippi  6/20/08
I have been keeping track of the foreclosure market in my area (Desoto, Tate, Marshall, and Panola counties) for a couple of years. 
This week there were 6 new foreclosure homes placed on MLS, 10 had price reductions, and 11 went under contract.
That is a reverse from what had been happening in previous weeks.  In the past month, the trend was double digit additions of forelcosure homes to the MLS with a lesser number going under contract.  Future weeks will let us know if this is a "blip" … (0 comments)

Pam Simpson, GRI, Broker-Assoc. (Bob Leigh & Assoc., LLC) Rainmaker large

Pam Simpson

GRI, Broker-Assoc.

Senatobia, MS

More about me…

Bob Leigh & Assoc., LLC

Office: (662) 449-3530

Fax: (662) 449-3531

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Senatobia real estate, Tate County real estate, Hernando real estate, Desoto county real estate, HUD Homes, REO




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