VIDEO: The Housing Market In The Golden Triangle Is Seeing A Big Boom

GOLDEN TRIANGLE, Miss. (WCBI)-The housing market in the Golden Triangle is seeing one of its busiest years in the past decade.

Realtors say just a few years ago only locals were buying homes.

Now, people from out of the area are swarming to the area to make North Mississippi their home.

“You had 2008, 2009, 2010, where it was just tough selling houses back in those days,” said Rick McGill, co-owner and broker at Crye-Leike.

Nearly a decade ago “For Sale” signs were very common to see in yards across the GTA.

“We lost a number of agents across the state, fell drastically,” McGill recalled. “Like about 25%, it fell during those times in that three year period.”

“We had the perfect storm before we had the perfect storm,” said Colin Krieger, realtor at Re/Max Partners. “I think you saw the factory shutdown in the city of Columbus, the factory shutdown over in West Point, and before Severstal opened up, and the Prairie, I think you just had a tough tough market. Then, you Katrina came and the house is picked up a little before the housing market crashed overall in 2008.”

Krieger said just a few years ago, there were nearly 1,400 on homes  the market in the area.

“We would have been around 1,3oo, 1,400 listings on the market,” he said. “Today, you’re looking at close to 700, so it’s been drastically a busier market than before.”

The house market in the GTA was able to make it through the storm and became a top market in the state.

“2013-2014 was better,” said McGill. “2014-2015 was better, 2015-16 was great. We had a great year last year, and we have a great year going right now.”

McGill said the reason for the booming success is because is simple.

“We have more industry development then we’ve ever had,” he said.

“I think it’s the three pronged effect of the education systems at State and MUW, the military base, and a lot of it has to do with what the LINKS have been able to do out at the industrial park,” Krieger explained.

“We used to sell 7 out of 10 houses to locals,” McGill recalled. “It’s almost reversed now. It’s like six out of 10 are from out of area now.”

“We’re starting to see all three cities in the Golden triangle active one market, and I think the biggest credit to that goes to the industrial development,” said Krieger.

Although it’s a good thing that fewer homes are on the market, both McGill and Krieger believe more homes need to be built to keep pace with demand.