Go to:  www.rodnolespropertymanagement.com and click on radio notes and sign up to have them emailed each week. If you know of someone looking for rental space, apartments, homes, retail, office or industrial send them to www.rodnolespropertymanagement.

You can participate in the show by calling 318-442-8255 (talk) between 8:05 and 8:55 on Wednesday morning.  Do not attempt to call Saturday this is our encore performance (fancy way to say taped).

Announcements and Travel: was in San Antonio, last week attending syndication seminar was 2.5 days. Stay at the Westin on River Walk and would recommend this as mini vacation after November 23^rd when the lights are on and Christmas Caroling on the River. Had dinner with Larry Smith one of the former owners of Town Talk. Larry drove down from Austin and yes he picked up the bill.

In following weeks will share with our audience some of market trends and suggestions on pooled investments. One of the things I did discover is that rich Frenchman are buying signature homes in Texas like they are being taxed at 75% and are moving to more friendly tax climate.  

Homebuilders 55^th Anniversary celebration and Awards Banquet Thursday December 6^th at Melady House Plantation. Guest speaker is Representative

3.8% investment tax fact sheet is attached to my notes if you are not on my distribution lest go to our web site www.rodnolespropertymanagement.com . This is not 3.8% tax on real estate only, it is not 3.8% tax on sales price, and it does not affect personal residence that meets tax free status of $500,000 gain exemption filing jointly. If you AGI (adjusted gross income) is above $200,000 for single return or $250,000 for married filing jointly you are the an additional 3.8% tax target for IRS on all investments. Both cash flows and sale proceeds are taxable.

2013 is a year when none of 4 digits are the same. When was the last year this happened? If local business have plans to close they will often announce at year end. Curious if we will see closed local business this time around.  

England Authority deals: Zero deals purchased and no new grants but there is always new development at England Air Park. Our recent flight to San Antonio was adroitly begun and completed from our beautiful airport.

People not property:

Mike Huckabee was at Hastings Book store last night and we had him autographed a couple of books as Christmas presents for friends with grandchildren.  

Buddy Roemer former La. governor spoke at Rotary club the Tuesday prior to our leaving for San Antonio

Paul Smith tax credit consultant was at open house in 1900 block of White Street where Mark Gravel has done beautiful rehab project on “former eye sore 4-plex”. Tax Credits both State and Federal 25% state and 20% federal. Mention unusal expanded zone for state credits, discuss difference between credit and deduction, how does federal tax credit qualify. Discuss two tri-plex corner of Bush and Vance @ $145,000

Mykoff Absorption Rate:

5.95    Total Market beginning of November 660 homes on market 138 sold = 5.95 sell off time

7.25    Market $400,001 and up 29 on market 3 sold = 7.25 sell off time

6.7       Market between $250,001 and $400,000 67 on market 17 sold = 6.7 sell off time

6.13    Market between $150,001 and $250,000 number on market 190 and 41 sold = 6.13 sell off time

5.52    Market below $150,000 on market 364 and 66 sold = 5.52 sell off time

Total market 111 properties sold in November within Central Louisiana MLS and 138 new properties came on the market.

Every deal has a tale / tail:

Lauve / Bussey law office building on Jackson Street sold for $160,000 to Fontonte engineers.

Sharon A Dukes (208 Maryland Dr., Luling, LA 70070) to Bonnette Investment Properties, LLC (3804 McKeithen Dr., Alex., LA 71303) - Lot 2, Blk 5, Airview Terrace Subd. (5211Richard Ave., Alex., LA 71302), $88,000.00

Randy D Greene (1718 Metro Dr., Alex., LA 71301) to Shadi Al-Samour, et al (118 Window Dr., Broussard, LA 70518) - .369 acres in Sec 26, T4NR1W, $135,000.00

Darryl D Andrews, Sr. & Norma P Andrews (6525 Tennyson Oaks Lane, Alex., LA 71301) to Vikram S Nijjar (3106 George's Lane, Alex., LA 71301) - Tract known as 3027 George's Lane, Alex., LA 71301, $640,000.00

Construction Contracts

Red River Dental, LLC (1408 Peterman Dr., Alex., LA 71301) to Tudor, Inc. (1412 Centre Court, Suite 500, Alex., LA 71301) - Renovations to building located at 1408 Peterman Dr., Alex., LA, $146,040.00

(+2.50) Rod’s economic indicator perfect score is 5. When top rating of 5 appears week after week I will share with our audience, that “Green Shots” is here and recovery is in full swing. 

Legal recorder data: business days from time period of November 19th through November 30th two week period

(1)Total of 40 closed deals for the week has positive score

(2) At least one new home sale for the week has positive score

(3) At least one subdivision lot sale for the week garners positive score

(4) Number of lender sales in market place is less than 5% of the total market sales for the week.   

(-1.25) Total weekly volume; we are scoring two weeks need 80 sales for positive score and we had 69 sales which ranks negative for past two weeks. Volume was $12,020,083 and largest sale was $2,900,000 by Ken Moran for his roofing plant.

(+1.25) Lot sales: To rank positive score need one sale per week for two week period we would need 2 sales and we had 3 to 5 sales for a positive score. 

Weilland Enterprises, LLC (316 Johnston St., Alex., LA 71301) to V & V Builders, LLC (1223 MacArthur Dr., Alex., LA 71303) - Lot 2, St. Andrews Links Estates, Phase I, et al (117 St. Andrews Dr., Alex., LA 71303), $90,000.00

Ballina Farms, Inc. (P O Box 12487, Alex., LA 71315) to Eric J & Mary L Daniel (6007 Gates Dr., Alex., LA 71303) - Lot 172, Tennyson Oaks Subd., Phase 7E, $82,000.00

Ballina Farms, Inc. (P O Box 12487, Alex., LA 71315) to The Tilley Living Trust (5741 Woodbriar Cove, Memphis, TN 38120) - Lot 178, Tennyson Oaks, Phase 8 Revised, $63,000.00

Interest rates: 30 year rate was 3.42% this week is 3.44%, the 15 year rate was 2.85% this week it is 2.85%, the 5/1 ARM was 2.82% now 2.79%.

Indices

Consumer Money Rates

Currencies

Commodities

<br />

Bond Rates