(+1.25) New home sales: looking for one new home sale market gave us single sale for positive score
KEH Construction, LLC Kenny Huffman (P O Box 69, Libuse, LA 71348) to Demetrius O Carpenter & Cendi M Coutee (451 Ocho Rios Dr., Pineville, LA 71360) - Lot 26, Ocho Rios Subd., Phase 1A (451 Ocho Rios Dr., Pineville, LA 71360), $200,000.00
(-1.25) Lender sales as percent of total sales: rates positive score if lender sales are below 5% of total sales, the market gave us 5 lender sales for volume of $307,587 / $5,862,697 = 5.24% posting negative score for the week.
LPP Mtg., Ltd. (7195 Dallas Parkway, Plano, TX 75024) to KPRO Enterprises, LLC (5411 Coliseum Blvd., Alex., LA 71301) - Lot 26, Blk C, Deerfield Subd. (5953 Deerfield Dr., Alex., LA 71301), $68,187.00
US Bank to Scott J Smith - 3.09 acres in Sec 1, T3NR1E (969 Brannon Road, Pineville, LA 71360), $123,900.00
J P Morgan Chase Bank (270 Park Ave., New York, NY 10017) to Glen L Carwell (373 Booster Wright Road, Calcasieu, LA 71433) - 1.03 acres in Sec 3, T1NR4W (22 Padgett Road, Hineston, LA 71438), $26,500.00
First South Farm Credit, ACA (P O Box 1669, Opelousas, LA 70571) to Ricky D & Dana M Elliott (P O Box 434, Forest Hill, LA 71430) - 19.072 acres in Sec 18, T1SR2W, $76,000.00
Bayview Financial Property Trust (4425 Ponce De Leon Blvd., Coral Gables, FL 33146) to Nathaniel Gray, Jr. (P O Box 5284, Alex., LA 71307) - Lots 74 & 75, Hi-Way Heights Addn. (3423 Felker St., Alex., LA 71301), $13,000.00
Interest rates compared to previous week: 30 year fixed last week was 4.43% this week is 4.42% the 15 year fixed was 3.46% this week is 3.44%. I talked with two mortgage loan officers at different lending institutions and they said September and October were very slow months. Refinancing activity is behind us now plus increased interest rates, decrease inventory, and dearth of new spec building you can expect home lending to be down.
Investor sales, LLC does not always mean the deal is investment property.
Christopher E Stagg (2408 Detroit St., Alex., LA 71302) to RDK Properties, LLC Richard Kyle (1423 Lee St., Alex., LA 71301) - Unit 5614, The Raintree Condominium, $62,500.00
Mara L Trotter (4015 Earl Dr., Alex., LA 71303) to Steven Seale Properties, LLC (176 Harper Road, Hineston, LA 71438) - Lot 36, Cloverdale Subd. (524 Redbird Lane, Alex., LA 71303), $60,000.00
Price Co Development Corp. (2002 Melrose St., Pineville, LA 71360) to Shadetree Realty, LLC Shane Tubre (36439 S Winding Ridge Dr., Prairieville, La 70769) - 25.7 acres in Sec 22, 26, & 27, T4NR2W, $245,000.00
Juelda O Hargrove (P O Box 673, Deville, LA 71328) to The Red Horse, LLC Donald Paul (204 Holiday Park, Pineville, LA 71360) - Tract in Sec 17, T4NR1E (2701 Hwy. 107, Pineville, LA 71360), $165,000.00