7 Boyd Ln. Hattiesburg , MS 39402 $147,800
Move-in ready 3 bedroom, 2 bath. Vaulted great room, sunroom and spacious!
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59 Wandering Oaks Ln. Hattiesburg , MS 39401 $199,500
3 BD/ 2 BA custom home in Wandering Oaks subdivison. Stainless appliances, large master and separate home office.
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51 TAMCHELLE Rd. Lumberton , MS 39455 $$72,900
3 bed, 2 bath on 13.5 acres. Attached deck, large man cave, and additional storage.
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11 SMITH Dr. Hattiesburg , MS 39401 $59,900
3 bed, 2 bath in Dixie. Well maintained home on 1/2 acre lot. Split plan, fresh paint, storage shed.
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On March 27, 2012, in Economist Commentaries, by Selma Hepp, Research Economist
In addition to tangible financial benefits, research has shown that homeownership brings substantial social benefits for families, communities, and the country as a whole. Because of these societal benefits, policy makers have promoted homeownership through a number of channels. Homeownership has been an essential element of the American Dream for decades and continues to be so even today. Some of the documented social benefits include:
- Increased charitable activity
- Civic participation in both local community and national issues (including voting)
- Greater awareness of the political process
- Higher incidence of membership in voluntary organizations and church attendance
- Greater social capital generated
- Greater attachment to the neighborhood and neighbors
- Lower teen pregnancy by children’s living in owned homes
- Higher student test scores by children’s living in owned homes
- Higher rate of high school graduation thereby higher earnings
- Children more likely to participate in organized activities and have less television screen time
- Homeowners take on a greater responsibility such as home maintenance and acquiring the financial skills to handle mortgage payments and those skills transfer to their children
- Lower teenage delinquencies
- General increase in positive outlook to life
- Homeowners reported higher life satisfaction, higher self-esteem, happiness, and higher perceived control over their lives
- Better health outcomes, better physical and psychological health
- Tremendous wealth gains for homeowners under normal housing market conditions (outside of the terrible bubble/bust housing years)
- Homeowners not only experience a significant increase in housing satisfaction, but also obtain a higher satisfaction even in the same home in which they resided as renters
- Family financial situation and housing tenure during childhood and adulthood, impacted one’s self-rated health (in particular, the socioeconomic disadvantaged indicated by not being able to save any money or not owning or purchasing a home are less likely to self-rate their health as excellent or very good).
- Less likely to become crime victims
- Homeowners better maintain their homes, and high quality structures also raise mental health -renter-occupied housing appreciates less than owner-occupied housing
- Housing prices are higher in high-ownership neighborhoods
- Maintenance behavior of individual homeowners is influenced by those of their neighbors
For more information on the social benefits of homeownership, be sure to check out our “Homeownership Matters: Stats and Data” page as well as our “Field Guide to Social Benefits of Homeownership“.
72 Serene Meadows Hattiesburg , MS 39402 $229,600
3 BD, 3 BA on 2 acres. Large bonus room, workshop and a salt water pool in time for summer.
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29 E Cadbury Ln. Hattiesburg , MS 39402 $220,000
3 BD, 2 BA French Acadian style home. Features include high ceilings, extra crown molding, and granite counter tops. Located in desired Kingsmill subdivision. Oak Grove Schools.
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DAILY REAL ESTATE NEWS | TUESDAY, MARCH 20, 2012
After a surge last month, housing starts dropped in February by 1.1 percent, the Commerce Department reported Tuesday. However, the slip was offset by a hopeful sign for builders that a recovery is still on track: Permits for future construction soared 5.1 percent, reaching its highest level in more than three years.
Permits for single-family homes increased 4.9 percent alone, the highest since April 2010, while permits for multi-family homes rose 5.6 percent, the Commerce Department reported.
The future gauge of building is a welcome sign for the building industry, which last year suffered one of its worst years on record for construction.
In comparing residential construction from this February to February 2011, construction is up 34.7 percent.
February’s modest decrease in housing starts was mostly due to a drop in single-family home construction, which makes up the biggest bulk of new construction. Single-family home construction dropped 9.9 percent in February. Meanwhile, multi-family housing continues to be a bright spot in the sector, soaring 21.1 percent in February due to an increase in demand for rental apartments.
Builder confidence has picked up in recent months and held steady, holding at near a five-year high in March, according to an index by the National Association of Home Builders/Wells Fargo.
“While builders are still very cautious at this time, there is a sense that many local housing markets have started to move in the right direction and that prospects for future sales are improving,” says Barry Rutenberg, chairman of the National Association of Home Builders. However, builders still cite hurdles that persist in the recovery, particularly the tightening of credit for builders and buyers and the inventory of distressed properties pulling down overall home prices.
Source: “U.S. Housing Starts Dip; Permits Near 3-1/2 Year High,” Reuters News (March 20, 2012) and the National Association of Home Builders
DAILY REAL ESTATE NEWS | THURSDAY, MARCH 22, 2012
Home buying is the smarter choice than renting, according to Trulia’s Winter 2012 Rent vs. Buy Index.
Buying a home is more affordable than renting in 98 of the nation’s 100 largest metro areas, according to the index, which tracks asking prices for rental units compared to for-sale homes in major metro areas.
The only two metros out of the 100 tracked where renting was found to be the better deal: Honolulu and San Francisco. Still, the index notes that if you plan to stay in those markets more than five years, you might still be better off owning than renting in those markets too.
Falling home values and low mortgage rates have made home ownership more affordable. Meanwhile, rents have been on the rise.
“As rents rise and prices stagnate, home ownership is becoming even more affordable, but rising rents create a dilemma for people who can’t afford to buy yet,” says Jed Kolko, Trulia’s chief economist. “Rising rents make it harder for people to save for a down payment, which is the biggest barrier to buying a home that aspiring home owners face.”
Top 10 Metros to Buy vs. Rent
1. Detroit
2. Oklahoma City, Okla.
3. Dayton, Ohio
4. Warren-Troy-Farmington Hills, Mich.
5. Toledo, Ohio
6. Grand Rapids, Mich.
7. Cleveland, Ohio
8. Atlanta
9. Gary, Ind.
10. Memphis, Tenn.
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News
1510 CONCART St. Hattiesburg , MS 39401 $119,000
Recently reduced. 3 bedroom, 2.5 bath. Brand new central heat and air, refinished original hardwood floors, new appliances, and 1 yr home warranty included!
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