Mississippi

Buyer agency laws diverge as states break from NAR settlement playbook

Mississippi has joined Alabama in creating a law that states that buyers agents and brokers are not required to obtain a signed buyer agency agreement prior to touring a property with a prospective buyer.  Earlier this month, Mississippi Governor Tate Reeves signed Senate Bill 2713 into law. Under the new law, buyers and sellers may […]

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Mississippi among slowest markets as gap with U.S. widens

The Mississippi housing market continues to show one of the slowest absorption rates in the nation, with homes sitting on the market well above the U.S. median. The state now ties with Louisiana, Hawaii and Florida for the longest days on market (DOM), underscoring a widening gap between local conditions and the national trend. HW

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Tech startup offering AI-driven property level risk modeling

San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build environment and everyone’s homes and businesses,” FutureProof co-founder and co-CEO Alisa

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Experts warn of ‘cycle of doom’ for last resort home insurance

A growing number of U.S. homeowners are finding their only property insurance option is their state’s last-resort program, according to a new report from the National Resources Defense Council (NDRC). Data shows extreme weather driving private insurers from high-risk areas and forcing premiums higher for everyone else. Last resort programs — known as Fair Access

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Compass names new regional vice president for the Gulf Coast

Compass is welcoming a new regional vice president for its Louisiana and Mississippi region. David Favret is joining Compass in this role, according to an announcement on Wednesday.  Favret most recently served as the managing broker at Rêve Realtors, but has previously served as a broker at Latter & Blum, which was acquired by Compass

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