Hernando, MS

Hernando MS Real Estate Market Report - October 2009
by Pam Simpson
Desoto-Tate County Real Estate

Hernando MS had 28 residential sales in the month of October with an average sales price of $180,745. The average days on the market was 156.

The percentage of sales that were foreclosures was 7% which is down significantly from the previous month.

Note: The average sales price in September was skewed by an unusually large sale.

Here are the comparisons for last month and last year:

September 2009
Sales 31 Avg $206,600 Avg days on market 126

October 2008
Sales 30 Avg $201,147 Avg days on market 133

Currently, there are 257 active listings in Hernando MS with the prices ranging from a low of $49,900 and a high of $950,000. The median list price is $215,000.

The number of current active listings represent a 9 month supply of inventory in Hernando MS. That is up slightly from last month.

The percentage of active listings in Hernando MS that are foreclosures is 4.3%.

Click to find Hernando MS homes for sale>>>

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About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Hernando MS Real Estate Market Report - August 2009***

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents

OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

Hernando MS Real Estate Market Report - September 2009
by Pam Simpson
Desoto-Tate County Real Estate

There were 31 residential sales in Hernando MS for the month of September which is a slight increase over the previous month. The average sales price was $206,600 and the average days on the market was 126.

The average sales price jumped due to one particular sales that was in excess of $600,000.

Foreclosure sales made up 10% of all homes sold in Hernando MS during the month of September.

Here are comparisions for last month and last year:

August 2009
sales: 27 Avg. Price: $154,535 Avg. DOM: 181

September 2008
sales: 25 Avg. Price: $199,548 Avg. DOM: 134

Hernando MS currently has 257 active residential listings. The prices range from $55,000 to $1,100,000. The median price is $225,000.

Ther current supply of available homes for sale in Hernando MS has shrunk to an 8.2 months supply of inventory. The number of active listings which are foreclosures represent about 5.4% of available homes.

<<<<<Hernando MS Homes For Sale
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About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Hernando MS Real Estate Market Report - September 2009***

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents

OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

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Hernando MS Real Estate Market Report - August 2009
by Pam Simpson
Desoto-Tate County Real Estate

Hernando MS saw a decrease in the number of homes sold for the month of August at 27 residential sales. The average sales price was $154,535 and the average days on the market was 181.

Of the 27 sales in Hernando MS in August, 30% were foreclosures.

Here are comparisons for last month and last year:

July 2009
sales: 36 Avg. Price: $174,108 Avg. DOM: 128

August 2008:
sales: 31 Avg. Price: $191,852 Avg. DOM: 129

There are currently 250 active residential listings in Hernando MS with prices ranging from $37,500 to $1,100,000. The median price is $224,500.

There is a 9.3 month supply of housing inventory in Hernando. The number of active listings which are foreclosures represent 5.2% of the housing inventory.

<<<<< Hernando MS homes for sale

*************************************************************************************
About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Hernando MS Real Estate Market Report - August 2009***

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents

OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

HERNANDO HOMEBUYER ASSISTANCE PROGRAM

The City of Hernando has received State grant funds from the Mississippi Development Authority to assist low and moderate income persons who would like to purchase a home. The program provides a grant of $30,000.00 per applicant that can be used toward a down payment on a home, help with closing costs, or help with reducing a home's price so that the buyer can afford it.

Income Eligibility:

Family Size 1 = $32,400, 2 = $37,000, 3 = $41,650, 4 = $46,250, 5 = $49,950, 6 = $53,650, 7 = $57,350 and 8 = $61,050

Other Eligibility Criteria:

• There are only 9 grants available. Applications are approved on a first-come, first-served basis.
• No first-time home buyer requirement. Applicants must not currently own a home and must secure a mortgage through a financial institution at a fixed interest rate.
• Property must be located within the city limits of Hernando.
• Primary residence only.
• The home must be kept for 15 years, or teh $30,000 or a portion must be repaid.
• Homebuyer education is required through Sacred Heart

For more information on this program, please call DOUG CAPPS at (662) 429-5100 Ext. 105.

Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company." An Equal Housing Lender. All loans are subject to credit approval and compliance with investor guidelines.

Know your mortgage options!

DESOTO COUNTY RECEIVES FUNDS FOR HOMEBUYER ASSISTANCE

(The following information is from a Memo dated August 8, 2009 from the Desoto County, Office of the County Administrator)

Desoto County recently received a Home Investment Partnership Program Homebuyer Assistance Grant. This project was funded with a $500,000.00 Home Grant from the Mississippi Development Authority. The grant funding is intended for down payment assistance toward the purchase of homes in Desoto County that were built before March 2008.

The homebuyer assistance funds should assist approximately (16) families. The primary goal of this program is to help individuals who can afford a monthly mortgage, but cannot afford the down payment cost. Funds enable low-to-moderate families to become homeowners.

The criteria for this grant is:

1. Must be a US citizen
2. House must be in Desoto County or any city in Desoto County
3. You cannot own a home now
4. How many people live in the home?
5. Maximum incomes are: 1 = $32,400.00, 2 = $37,000.00, 3 = $41,650.00, 4 = $46,250.00, 5 = $49,950.00, 6 = $53,600.00, 7 = $57,350.00
6. You must attend Home Buyer Education Class
7. Home buyer must find the home and get qualified through a mortgage company for a mortgage
8. Funds in the amount of $28,750.00 will be given for the down payment and closing costs on the home
9. Homebuyer must live in the house for (10) years and they cannot sell or lease, or funds will have to be repaid.

For more information on this program, please call DOUG CAPPS at (662) 429-5100 Ext. 105.

Fairway Independent Mortgage Corporation, 224 West Commerce St, Hernando, MS 38632 is a "MS and TN Licensed Mortgage Company." An Equal Housing Lender. All loans are subject to credit approval and compliance with investor guidelines.

Know your mortgage options!