Category: Buying

2011 Top Producer

 

 

 

 

 

2011 Signature Agent

 

 

 

 

 

 

Multi-Million                                                           Million    

Miriam Seale                                                         Tiffany Gragg

Sharon Nichols                                                    Angela Jones

Teresa Asquith                                  Ashley McDonald and Kristy Hicks

 

607 Lamar Ave. Hattiesburg , MS  39402  $119,000

3/2 with great room and separate formal dining/living combo. Such a bargain!

 

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• Did you know that nearly 10 million more renter households had the income to qualify to buy a home in 2011 versus 2005?
• Many factors have increased the number of renter households qualified to purchase a home in 2011 versus 2000 and 2005: 1) incomes have increased, 2) population has grown, 3) mortgage rates are lower, and 4) prices have fallen since 2005.
• The tables below show the data underlying the change in required income.  Because of lower home prices and mortgage rates, qualifying income required to purchase a median priced home has fallen from $56,600 in 2005 and $40,300 in 2000 to $33,100 in 2011.

• Finally, based on all of these factors, we see that while 33 percent of renters qualified to buy the median priced home in 2000 and 24 percent of renters qualified to buy the median priced home in 2005, 47 percent of renters would qualify in 2011[1].  Translating these numbers into households, 7.7 million renters qualified to purchase the median priced home in 2005 while in 2010, 15 million renter households qualify.
• These calculations assume that potential buyers meet credit qualifications and have sufficient cash on hand to close a transaction.  Lending standards, credit quality, and access to funds will affect the number of households who will be able to buy a home.

[1] This calculation assumes that income distribution in 2011 is the same as it was in 2010.

 

On April 11, 2012, in Did You Know, by Danielle Hale, Research Economist

http://economistsoutlook.blogs.realtor.org/2012/04/11/renters-qualified-to-purchase-a-home-2011-vs-2005/

Hattiesburg named 50th fastest growing market in the Nation, with the population growing by 1.8% and Lamar County was the fastest growing county in Mississippi over that same time frame. Lamar County was ranked 52nd among the nation’s 100 fastest growing counties.

 

 

 

 

https://twitter.com/#!/Hattiesburg_MS/status/189726715566764032/photo/1

81 CANAL Pl Hattiesburg , MS 39402  $199,500

Pristine 3/2 in Canal Place. Upscale finishing details, delighful kitchen, Oak Grove Schools.

 

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2 DELOND Pl Hattiesburg , MS 39402 $174,900

4 BD, 2.5 Bath. Convenient location. Spacious living areas, updated kitchen and fenced yard.

 

Call Crye-Leike today to see this beautiful home.

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.

 

Call Crye-Leike today  for additional details!