Mississippi is a Bargain

“For the time being, it's unlikely you'll find yourself with property that's about to take a nosedive. In fact, 35 percent of respondents in a Parade magazine survey said Mississippi along with a handful of other states still are bargains.

According to the National Association of Realtors, the median price of existing homes nationwide is $219,000 - 14.7 percent higher than last year. Fueling the boom: low interest rates and the variety of mortgage options.

Of 1,000 households surveyed by Parade, close to 61 percent believe the price upswing will continue over the next year, and 47 percent say investing in housing now is smart.

Data compiled by the Office of Federal Housing Enterprise Oversight shows the average home appreciated by 12.5 percent over a one-year period. Hot markets: Nevada homes up 31.2 percent, California up 25.4, Hawaii, 24.4 percent, Washington, D.C., up 22.2 percent and Florida up 21.4 percent.”

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