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Home Price Appreciation Benefits Some Homeowners but Leaves Many More Scrambling

Pro Builder

Property tax increases are causing foreclosure rates to rise in states where homeowners are already facing high unemployment rates, income inequality, and large debt-to-income ratios. Home price appreciation has become a double-edged sword," said Knock Co-Founder and CEO Sean Black. Financials. Housing Markets. Financials.

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The Mortgage Denial Rate Was 84% Higher for Black Applicants in 2020

Pro Builder

of white applicants, and states like Mississippi, Louisiana, Arkansas, and South Carolina reported the highest denial rates at 31%, 26.1%, 26%, and 25.8%, respectively. This is partly a result of longstanding income and credit disparities that only deepened during the pandemic. Nationwide, 19.8% Market Data + Trends. Affordability.

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What States Are the Young, Wealthy Professionals Moving to?

Pro Builder

By reviewing the inflow and outflow of individuals younger than 35 with an adjusted gross income of at least $100,000 in each state between 2018 and 2019, SmartAsset identified the states attracting the most young, wealthy professionals. Most move west of the Mississippi River or part of the Sun Belt. The West and South of the U.S.

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Increasing Home Prices Threaten Residents of These 10 Metros Most

Pro Builder

Many are vacation areas where people are now able to remain full time, and one (Jones County in Mississippi) was made famous by the popular HGTV show “Home Town.” This has helped pushed home prices up far faster than the growth of local incomes.”.

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Port of South Louisiana: Your Key to the World

Business Facilities

Located within a 54-mile stretch of the lower Mississippi River between New Orleans and Baton Rouge, the Port serves as a strategic location for its resident industry. billion in income, $14.4 To date, 70 companies utilize the Port’s intermodal transportation network of roadways, rail, air, and waterways. billion in revenue, and $72.5

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$1.1B Steel Plant for Arkansas

Construction Knowledge

Located on the Mississippi River, the plant will employ 525 workers. Mississippi County is providing $12 million from a half-cent, industrial development sales tax to be used on infrastructure needs including gas and sewer lines and purchasing the land. ENR reported today that Big River Steel, LLC plans to build a $1.1B

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U.S. Luring Manufacturers Away From China?

Buisness Facilities Contributed Content

Energy & Income Advisor. Mega steelmaker Severstal recently expanded its Mississippi and Michigan plants and Airbus unveiled plans for a giant new factory in Alabama. Elliott Gue. By Elliott Gue. In a stunning turnaround, manufacturers here and abroad are building new plants in the U.S. Meanwhile, the U.S.