Doug Jumper
Doug Jumper is Broker/Owner and Certified Real Estate Brokerage Manager (CRB) of Jumper Realty & Associates, LLC. He currently serves on MAR’s Member Services and Technology Committee as Vice Chairman. Doug is a graduate of the University of Mississippi, earning B.B.A. degrees in Finance and Real Estate.
Website URL: http://www.jumperrealty.com
- Post date: 30 April 2009
- Community | Corinth and Surrounding Areas
This is the Mid-South’s premier resort, located on the lovely Tennessee River at the Tennessee, Mississippi and Alabama state lines. It is the favorite meeting place for the area’s fun loving people from Memphis, Nashville, Tupelo, Corinth and Jackson, Tn.
All are within a short drive. This is a favorite destination for golfing, boating, and fishing.
The area is a choice location for retirement and just relaxing and enjoying the lifestyle that you have been waiting for.
The area has something for all people whether it be shopping at Pickwick or Historic Downtown Corinth, golfing at one of the many areas fine golf Courses, fishing for that big large mouth bass, enjoying Civil War history or boating and enjoying the beautiful pristine lake.
Our office is a member of the Four County MLS service and we can show you all of the listings in the area. We work with all of the real estate offices and can work with you as either a Buyer or Seller’s Agent. We have been helping buyers and sellers in the Pickwick area since 1970.
We feature Virtual Tours of our homes allowing you to preview them inside and out before you actually experience them personally.
- Post date: 30 April 2009
- Community | Corinth and Surrounding Areas
SOUTHERN COOKING
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FINE DINING
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FAMILY DINING
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INTERNATIONAL
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PIZZA
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DINERS
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DELI/SANDWICH SHOP
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SPECIALTY
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FAST FOOD
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ADULT DINING
| C Baby Next to Bar-None, Hwy 72 W-F 5 PM-Midnight; Sa 12PM-midnight Pizza Cherries |
Shooterz Inside the Southern Motel 1103 Hwy 72 W 662.287.8919 Th-Sa 7 PM – till |
- Post date: 11 July 2011
- Real Estate Blog
Most Americans still believe that owning a home is a solid financial decision, and a majority of renters aspire to homeownership as a long-term goal. According to the 2011 National Housing Pulse Survey released recently by the National Association of REALTORS®, 72 percent of renters surveyed said owning a home is a top priority for their future, up from 63 percent in 2010.
Seven in 10 Americans also agreed that buying a home is a good financial decision while almost two-thirds said now is a good time to purchase a home. The annual survey, which measures how affordable housing issues affect consumers, also found that more than three quarters of renters (77 percent) said they would be less likely to buy a home if they were required to put down a 20 percent down payment on the home, and a strong majority (71 percent) believe a 20 percent down payment requirement could have a negative impact on the housing market.
“Despite the economic setbacks Americans have experienced in today’s current climate, it is clear that a strong majority still believe in homeownership and aspire to own a home,” says NAR President Ron Phipps. “However, achieving the dream of homeownership will become increasingly difficult for buyers if they are required to make a 20 percent down payment, which may be a reality for many of tomorrow’s buyers if a proposed Qualified Residential Mortgage rule is adopted. That is why REALTORS® are strongly urging regulators to go back to the drawing board on the proposed rule.”
Defining the QRM rule is important because it will determine the types of mortgages that will generally be available to borrowers in the future. As currently proposed, borrowers with less than 20 percent down will have to choose between higher fees and rates today—up to 3 percentage points more—or a 9-14 year delay while they save up the necessary down payment.
Over half—51 percent—of self-described “working class” homeowners as well as younger non-college graduates (51 percent), African Americans (57 percent) and Hispanics (50 percent) who currently own their homes reported that a 20 percent down payment would have prevented them from becoming homeowners.
Pulse surveys for the past eight years have consistently reported that having enough money for a down payment and closing costs are top obstacles that make housing unaffordable for Americans. Eighty-two percent of respondents cited these as the top obstacle, followed by having confidence in one’s job security.
The survey also found respondents were adamantly against eliminating the mortgage interest deduction. Two-thirds of Americans oppose eliminating the tax benefit, while 73 percent believe eliminating the MID will have a negative impact on the housing market as well as the overall economy.
“The MID facilitates homeownership by reducing the carrying costs of owning a home, and it makes a real difference to hard-working American families,” says Phipps. “Homeownership offers not only social benefits, but also long-term value for families, communities and the nation’s economy. We need to make sure that any changes to current programs or incentives don’t jeopardize our collective futures.”
When asked why homeownership matters to them, respondents cited stability and safety as the top reason. Long-term economic reasons such as building equity followed closely behind. On a local level, respondents said neighbors falling behind on their mortgages and the drop in home values were top concerns. Foreclosures also continue to remain a large concern, with almost half of those surveyed citing the issue as a problem in their area.
The 2011 National Housing Pulse Survey is conducted by American Strategies and Myers Research & Strategic Services for NAR’s Housing Opportunity Program. The telephone survey polled 1,250 adults nationwide, with an oversample of interviews of those living in the 25 most populous metropolitan statistical areas. The study has a margin of error of plus or minus 3.1 percentage points.
NAR’s Housing Opportunity Program, www.realtor.org/housingopportunity, was created in 2002 to encourage local REALTOR® associations to create initiatives that help increase housing opportunities available to consumers and make affordable housing more readily available in their communities.
Information about NAR is available at www.realtor.org.
Source: RISMedia
- Post date: 19 July 2011
- Real Estate Blog
Mortgage rates increased for the second week in a row, with the benchmark conforming 30-year fixed mortgage rate now 4.79 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.32 discount and origination points.
The average 15-year fixed mortgage stepped up to 3.9 percent while the larger jumbo 30-year fixed rate climbed to 5.27 percent. Adjustable rate mortgages were higher also, with the average 5-year ARM rising to 3.49 percent and the 7-year ARM inching higher to 3.72 percent.
Mortgage rates increased for the second week in a row and the third time in the last four weeks. Better economic news and an easing of concerns about a potential Greek debt default spurred this week’s move, pushing mortgage rates to a two-month high. Mortgage rate volatility could pick up in the coming weeks as investors grapple with the state of the U.S. economic recovery, quarterly corporate earnings, and a deadline for increasing the debt ceiling.
The last time mortgage rates were above 6 percent was Nov. 2008. At the time, the average 30-year fixed rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 4.79 percent, the monthly payment for the same size loan would be $1,048.12, a difference of $193 per month for anyone refinancing now.
For more information, please visit www.bankrate.com.
Source: RISMedia
