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Economic Impact of Real Estate Activity in Mississippi

Mississippi Updated Mar 26 When a home is sold in Mississippi: – $11,169 of income is generated from real estate related industries. – $5,647 is spent on consumer items such as furniture, appliances, and paint service. – $2,620 is spent on remodeling within two years of home purchase. Source National Association of REALTORS Coldwell Banker Alfonso serves the Mississippi Gulf Coast!  For Info on Real Estate in Biloxi, Ocean Springs, Gulfport, St. Martin, D’Iberville, Bay S
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Marriage and Homebuying Study

April, 2013 Coldwell Banker Real Estate LLC Cold Feet? Not These Couples: More Millennials (and Northerners) Purchasing Homes Before Marriage (Base: 1,073 Respondents) • Approximately 1 in 4 married millennials (24% of U.S. adults ages 18-34) purchased their first home together with their current spouse before they were married, compared to those age 45+ (14%). • When looking at all married U.S. adults surveyed, 17% purchased their first home together with their current spouse before they were m
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Economist Makes Bold Statement on Home Prices

Daily Real Estate News |      Friday, March 01, 2013 Home values could surge 35 percent without stretching housing affordability, Raj Dosaj, vice president of the home price index at LPS Applied Analytics, said during a recent webinar hosted by HousingWire.Dosaj says that the increase in home prices could be less than that if mortgage rates rise, which he says they are predicted to do. “During the peak of the housing run-up, affordability was stretched as the market sold off,” Dosaj
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Home construction off to strong start

By Chris Isidore @CNNMoneyFebruary 20, 2013: 9:05 AM ET Home construction got off to a strong start in 2013, as builders filed for the greatest number of permits in more than four years in January Permits are a sign of builders’ confidence in the market. It’s also less affected by weather than housing starts. Last month, builders filed for permits at an annual rate of 925,000, up about 2% from December and up 35% from a year earlier. It was the best month for permits since June 2008.
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Leases signed for second Gulfport casino

By MARY PEREZ – meperez@sunherald.com GULFPORT — Representatives of Rotate Black Inc. plan to go before the Mississippi Gaming Commission on Nov. 18 to ask for site approval for Gulfport’s second casino. Jake Vanderli, general manager of the proposed casino, said the firm just signed 99-year leases for about nine acres at the former Marine World site, southwest of Jones Park. The city rezoned the property as an entertainment gaming district earlier this year. Others have tried Donald Trump
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Big projects making progress

By NICOLE DOW – ndow@sunherald.com OCEAN SPRINGS — Construction crews should finish the city’s new public safety center by spring, relocating the police department, municipal court, jail, fire department and emergency operations center to Bienville Boulevard in east Ocean Springs next to the Civic Center. Another major construction project — the new Ocean Springs High School — is slated for completion by March 2012 or April 2012. Rain days and unsuitable ground conditions have delayed the
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Downtown Biloxi to be home for new Half Shell Oyster House

Posted: Oct 24, 2010 5:43 PM CDT Updated: Oct 24, 2010 7:47 PM CDT By Elizabeth Vowell – email BILOXI, MS (WLOX) – The economy may be slow, but that isn’t stopping this businessman from moving forward. “We’ve got great food and a great atmosphere. It couldn’t be better so we’re going to try for a second one,” said primary Gulf Coast Restaurant Group owner Bob Taylor. Taylor is working to add a second Half Shell Oyster House restaurant in downtown Biloxi,
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Long Beach restaurants returning

By LISA MONTI – lamonti@sunherald.com LONG BEACH — Local restaurant owners are gravitating back to the beachfront area in Long Beach in a big way. Cajun Crawfish Hut is returning to the corner of Cleveland Avenue and U.S. 90 after Katrina forced the owner to relocate northward near the railroad tracks. Harbor View Cafe, a fixture on the Pass Christian beachfront before the storm, is being built in the first block of Jeff Davis Avenue. Businessman Jimmy Levens is negotiating with two restau
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$150M in upgrades at Biloxi VA to be finished in a year

  By MICHAEL NEWSOM – mmnewsom@sunherald.com BILOXI — Several construction projects totaling $150 million are moving forward at the Biloxi Veterans Affairs property, and much of the work will be complete a year from now. As of Thursday, six large projects were in progress at the hospital complex, which was built in the 1930s along Back Bay. It has taken on more patients since the Gulfport VA closed just after Hurricane Katrina in 2005. Gary Butterfield, who is coordinating the work, s
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More land for Can-Can casino in D’Iberville

Posted: Oct 12, 2010 11:34 PM CDT Updated: Oct 13, 2010 8:20 AM CDT By Krystal Allan – bio | email D’IBERVILLE, MS (WLOX) - The new Can-Can casino is still on track to break ground in D’Iberville at the beginning of 2011. The D’Iberville City Council held a special meeting Tuesday afternoon to track progress of the project. At the meeting, the city manager discussed the developer’s need for a couple more parcels of land to get this economic engine started. At El Bosque Me
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