Around the state, home building and mortgage lending activity has slowed due to higher interest rates, but the market is still considered healthy and may even be rebounding as people become accustomed to higher rates. Things are still pretty steady, said Marty Milstead, executive officer, Homebuilders Association of Mississippi. It is still a great time to buy.
Interest rates are very attractive.
There has been a little bit of slowdown, but that helps the buyer. There is more inventory out there. It is very much a buyer s market right now. Milstead said that home building continues at a good pace throughout the state. In fact, state contractors have been so busy with the boom in construction in recent years that the slowdown comes as something of a relief.