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Housing demand has slowed, but still stable for nowThis year, we’ve seen mortgage rates hold under 7%, which has helped ...
10/17/2026

Housing demand has slowed, but still stable for now
This year, we’ve seen mortgage rates hold under 7%, which has helped keep housing demand steady—though not exactly booming. In Biloxi, I’m noticing more listings coming onto the market and a bit more inventory than we’re used to, along with some price reductions here and there. For buyers and sellers alike, it means options are opening up, even if growth is a little flat or dipping. As yields and risks tick up, we could see rates rise and a gentle slowdown in sales and mortgage applications. With over two decades of guiding my neighbors and investors through changing markets—whether you’re looking for your first home, an investment, or a new chapter—my focus remains on helping you make the best move for your future, no matter where the trends go.


http://www.michellewoodrealtor.com/agent-news/michelle-wood-1/1955557-Housing-demand-has-slowed%2C-but-still-stable-for-now

10/17/2026

Immersive tour for 6029 5th Bay Saint Louis

Generational Tug-of-War in Housing Market: Baby Boomers vs. MillennialsIt’s fascinating to watch the generational dynami...
10/16/2026

Generational Tug-of-War in Housing Market: Baby Boomers vs. Millennials
It’s fascinating to watch the generational dynamics play out in today’s housing market. Baby boomers, who own over a third of all homes—many without a mortgage—are choosing to stay put and invest in renovations, with 28% holding onto larger properties. Meanwhile, millennials, who now make up the largest group of homebuyers, own just 14% of homes and are facing a real challenge: high costs and limited inventory. Having spent 23 years working with Biloxi families and investors, I see firsthand how these trends shape our local market. Whether you’re a long-time homeowner considering updates or a first-time buyer navigating tight options, understanding these shifts helps you make the best choices for your next move.


http://www.michellewoodrealtor.com/agent-news/michelle-wood-1/2105414-Generational-Tug-of-War-in-Housing-Market%3A-Baby-Boomers-vs.-

10/15/2026

US Home Prices: What the Median Misses
When we talk about US home prices, the headlines usually focus on the median—but if you look closer, there’s much more to the story. In Q2 2026, the median price for new single-family homes was $410,700, while existing homes came in higher at $435,700—a $25,000 difference, which is the largest gap we’ve seen nationwide. This trend actually flipped back in Q2 2024, when existing-home prices began to outpace new builds.

From what I’ve seen here in Biloxi, these numbers don’t always line up with every market. Factors like lot sizes, home types, and especially construction costs play a big role in shaping what buyers and sellers experience. Builders have been adapting by offering smaller lots, more compact homes, and creative incentives, while many homeowners with those hard-to-beat pandemic mortgage rates are choosing to stay put, keeping inventory low.

By Q2 2026, new-home prices had dipped about 1% year-over-year, and existing-home price growth slowed to around 2% after three solid years of steady increases. Behind every median is a unique local story—something I see every day helping folks find their place in our Gulf Coast community.

10/14/2026

U.S. Builder Sentiment Hits 12-Month Low
Builder sentiment across the U.S. has dipped to its lowest point in a year, with the confidence index falling 3 points to 32 in late Q3. Sales conditions slid to 35, and expectations for the next six months dropped to 37. Though buyer traffic stayed at 23, nearly 4 in 10 builders nationwide have started cutting prices, and two-thirds are offering incentives—up from 63% earlier in the quarter. Mortgage applications for new homes have now declined for five months in a row, with 30-year fixed rates holding in the high-6% range. Many larger builders are leaning on rate buydowns to help buyers secure below-market mortgages, which is keeping sales moving even as price cuts aren't the only tool in play. With 30-year rates hovering near 7%, housing forecasters expect these higher rates to stick around through at least 2027.

As someone who’s spent more than two decades guiding Biloxi residents and investors through changing markets, I know how quickly the landscape can shift. Whether you’re considering your first home or weighing an investment, understanding the bigger picture—and the options available from builders—can make a real difference in your decisions.

10/13/2026

Why Builders Are Selling More Homes Under $400,000 in 2026
Lately, I’ve noticed a real shift in the market: in July 2026, more than half of all new single-family homes sold across the U.S. came in under $400,000, with the median price landing at $393,800. Builders are responding to what so many buyers want right now—smaller, more affordable entry-level homes. As someone who’s spent years helping Biloxi families and investors navigate big decisions, I always encourage folks to look closely at more than just price. Consider the size that truly fits your lifestyle, the neighborhood you’ll call home, any association fees, and even how the property might appraise in this fast-moving market. There’s no one-size-fits-all answer, but thoughtful choices now set you up for comfort and confidence down the road.

10/13/2026

4.2 acres of premium commercial property with 400 feet of Highway 49 frontage, ideally positioned just south of I-10 and less than 5 minutes from the Gulfport-Biloxi International Airport. This highly visible and accessible location is perfect for development, surrounded by thriving businesses including a hotel next door and the Enterprise Car Rental Agency across the street. An additional 2.6-acre adjacent parcel is also available, creating a combined 7-acre development site with an impressive 743 feet of highway frontage. The property is just minutes from the Crossroads Shopping Center, offering excellent exposure and connectivity for retail, hospitality, or other commercial ventures. This is a rare opportunity to secure a high-traffic, high-growth corridor location with unbeatable accessibility and visibility in the heart of the Gulf Coast. This location would be great for a gas station.

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12477 Martin Cove
Ocean Springs, MS
39532

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