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Building up: executive-level real estate a red-hot market.

Publication: Mississippi Business Journal
Publication Date: 20-MAR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Building up: executive-level real estate a red-hot market.(Focus)

Article Excerpt
Even though only a few hundred $500,000-plus homes are built annually in the metro area, the market for them is white-hot and the outlook is bright.

"People continue to want nicer and nicer things," said homebuilder Ti Garner, whose upscale executive home won first place in the Parade of Homes $650,000-and-up category last May and the People's Choice Award in the Autumn Tour of Homes. "With low interest rates, people are willing to fork out an extra $50,000 for a great kitchen because they know it won't make that much of a difference on their mortgage."

Garner, whose family-owned company, R&S Developers,...

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