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We’re in a “Normal” market now! Thank Goodness!
I’m happy to report that our market, at least in our area of central Mississippi, has somewhat normalized. The “Bidding wars” for the most part are gone. Inventory is still ow, but slowly rising. Multiple buyers don’t have to compete for the same home. Interest rates have stabilized around 6.5% or therabouts. I was reading…Read More
2023 is here! The Holidays are over and interest rates are very favorable again. Inventory is up slightly, but, in most cases, the bidding wars are gone. We’re back to a normal market and couldn’t be more thankful for that! The inventory of new construction homes is still way below normal, but we’re working hard…Read More
Get ready for brutal cold weather in our part of the country
I’ve gotten several calls this morning from people with frozen pipes. I thought that I would tell all of those who don’t know about this in this frigid weather. In Mississippi, we’re not used to this sort of thing and are not prepared. What most people don’t know is that it is not enough to…Read More
A new look at interest rates
I saw some revealing information from Fairway Mortgage on a video today. Our 30 year conventional rates are now floating around the 6.5% range. The only times in recent history(Since the ’70s) that they have been lower was during the crash of 2008 (Brought on by crazy lending practices and an over supply of inventory)…Read More
Parade of Homes awards
We’re very proud to announce that our Hamlet homes won 11 awards from the parade of homes judges! Shown here is Steve Houck and Emily Clayton. Emily is my partner in Hamlet These awards include 1st, 2nd, and 3rd place in the 350k price range. Come see us at the parade from 1:00- 5:00 for…Read More
Post Tension slabs
This is prior to pouring the slab of lot 25 Wild Oaks of Oakfield. This is just around the corner from our Woodscape homes, but they are slightly larger. There is a 1700 square foot minimum as opposed to a 1500 Square foot minimum. Most of these homes will be 1750-1900 sq ftIt is showing…Read More
What does the future hold for the housing industry?
We have been through quite the turmoil lately, with skyrocketing prices and higher interest rates and of course bidding wars. Buyers were spoiled by super low interest rates. By historic standards, our current rates are still cheap. What the experts are saying is that right now is a great time to buy! Reason being that…Read More