Rod's Notes Archives for 2012-11

Rod's Notes For Wednesday 11/21/12


Rod Noles Property Management, Inc.

 

Rod’s Radio Show Notes
November 21st 2012
 

 

Next week I will not be around for the show.
 
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).
 

I promised last year to shop at black Friday so I could function as a reporter about the event. Need our audience to call in and suggest what stores and what time I need to show up for the biggest crowds. I am new at this and it is not something that has me wrapped up with excitement. From the little reading I have done on the subject, it seems time has been moved up so if you call and tell me that I missed it that’s quite alright.
 
Announcements and Travel:
 
75% of licensed real estate agents have not completed their required continuing education as of last Thursday per information from Louisiana Real Estate Commission meeting. We need 12 hours on continuing education with 4 mandatory in advertising and social media. A Realtor member needs an additional 2.5 hours of ethics instruction every 4 year as Realtor to renew National Association of Realtors membership. Also all licenses must be renewed by 12-31-2012 and 90% of people complete this task on line.
 
Good news regard E&O insurance if you list and sale your own house you will be covered on claims made basis in 2013 under our new policy.
 
Marilyn and I joined our son and his girlfriend for Tech-Utah game and watched Tech lose before crowd of 25,000 fans in over time. Great game and found my graduation brick to discover that I graduated in 1972 and not 1971.
 
Ken Moran Holdings, LLC (2426 Broadway Ave., Alex., LA 71302) to Harbor Metal Investment Co., LLC (700 S flower St. ,# 1100, Los Angeles, CA 90017) - Tract in Sec 42, T4NR1W, et al (2426 Broadway Ave., Alex., LA 71302), $2,900,000.00. Barbara Bonnette handled this auction and not sure if California Company plans to open roofing plant here or disassemble plant and sell land. If one of our listeners knows more please call.
 
Red River Bank of Alexandria is Expanding into South Louisiana:
 
An agreement was announced Thursday for Red River Bancshares Inc. to acquire Fidelity Bancorp Inc. Red River Bancshares is the holding company for Red River Bank. Fidelity Bancorp is the holding company for Baton Rouge-based Fidelity Bank. The merger is expected to be completed in the first quarter of 2013, subject to regulatory approvals. Fidelity Bank has $126 million in assets, with about 50 employees at five banking centers in the Baton Rouge area. "Baton Rouge is one of the largest markets in the state and one of the most stable, dynamic markets," said Blake Chatelain, president and chief executive officer of Red River Bank. "We have a number of customers in that market. We have had a number of people ask us to come to that market." "This is an exciting day for Fidelity Bank customers and team members," said Fidelity Bank Chief Executive Officer Meg Anderson. "We look forward to a future of growth and expansion opportunities as a result of this partnership." The acquisition will give Red River Bank 20 banking centers -- including its current nine in Central Louisiana and six in the Shreveport-Bossier area, where the bank started expanding about six years ago.
 
 Red River has $1.1 billion in assets and 241 employees. The bank typically grows by about $100 million a year, Chatelain said, so the acquisition of Fidelity won't be a huge gain, though it is somewhat outside the box. "Everything we've done in our history has been organic growth," Chatelain said. "We don't typically buy banks. But the more we spoke with Fidelity, the more it seemed like a good fit for both parties." While Red River -- the seventh-largest bank headquartered in Louisiana -- is expected to continue its pattern of growth, Chatelain said other markets are not specifically being targeted for expansion. "Any time we hear our customers say they would like to see us in their market, any time we hear other banks say there may be an opportunity in a market, we're going to look at it," Chatelain said. "But we like the markets we're currently serving." Question for our listeners what is the one and only bank Red River has purchased prior to Fidelity Bank?

---Online: www.redriverbank.net and www.fidelitybankbr.com.
 
P&G to Add 50 New Jobs:
 
Powered-detergent operations are being shifted from Augusta Georgia to Pineville Louisiana. In March, P&G completed a $100 million expansion at its Pineville facility to enable the plant and the company to deliver one of its newest products, Tide Pods, which launched in February. The Pineville site, which opened in 1969, covers nearly 1 million square feet in building space on 112 acres. To secure the expansion, Louisiana offered P&G a performance-based grant of $3.4 million to offset a portion of the costs for new training facilities, infrastructure and equipment, as well as use of the state's Retention and Modernization Program, Jindal's office said. The company also is expected to make use of the state's Quality Jobs and Industrial Tax Exemption programs. In addition,
 
Bakery to close Loss of 250 Local Jobs:
 
I only know what is printed in Town Talk and Wall Street journal if any of our listeners know more please give us a call. Bakery opened in 1923 and hopefully judges requirement that management and union will work things out. If not hopefully another company will re-open our bakery.
 
England Authority Deals:
 
Zero deals done last week but several projects are near completion.
 
People not Property:
 
Richard Lipsey talk to Rotary club was just outstanding as young 23 solider it was Richard’s duty to stay with President Kennedy’s body from touch at Andrews Air Force Base until the burial the details of this event some 49 years later was simply spell binding.
 
Louisiana soy bean Farmers who reported record harvest at yield of 44 bushels per acre on 1.1 million acres state wide. At price of $14 per bushel that is gross income of over $600 per acre revenue.
 
David Williams is now the former CEO at Rapides General and I met our new CFO Randy Rogers yesterday at CLEDA meeting. Wish David the very best at his new position.
 
Every Deal has a Tale / Tail:
 
Gates LP to Chad J & Pamela M McKay (305 Stovall Road, Alex., LA 71303) - Lot 1, Scottish Turn Subd., $96,000.00. Jimmy Redfearin was listing agent sale is approximately $4 psf
 
No Goats, LLC (1408 Peterman Dr., Alex., LA 71301) to William A Puckett, Jr. (201 West Bronson, Alex., LA 71303) - Lot 37, Metro-Plex Subd., $225,000.00. William A Puckett, Jr. (201 West Bronson Dr., Alex., LA 71303) to Bank of America (600 N Cleveland Ave., Suite 300, Westerville, OH 43082) - Lot 37, Metro-Plex Subd. (1408 Peterman Dr., Alex., LA 71301), $350,000.00. Facing Dr. Jeff Bergman building to the right two doors down from Dr. Gary Dewitt.
 
This is now the 5th small office that has sold in past several weeks, Pro Temp on Parliament, Upton, Draughon, and Bollinger office n Windermere, Alexander and Bolton Office on Jackson, and Lauve / Bussey law firm on Jackson. In addition lot on Legacy drive is most probably for development of a small office.
 
Weilland Enterprises, LLC (P O Box 1548, Alex., LA 71309) to The Union Bank (P O Box 39, Marksville, LA 71351) - Tract in Sec 47, T4NR1W, et al (713, 715, 717, 719, 721, 723 Toulouse St., Alex., LA 71301), $1,151,646.83. Several Units at Village of Versailles.
 
Construction Contracts:
 
(+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 12th through November 19th Court house was closed on Veterans Day
 
(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:
 
$9,050,968 with 42 transactions highest sale was $2,900,000 and lowest sale was $14,000 and research covers 5 business days.
 
The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a "fiscal cliff," according to forecast presentations at a residential forum at the 2012 REALTORS Conference and Expo.

Lawrence Yun, chief economist of the National Association of REALTORS, said the housing market clearly turned around in 2012. "Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years, and all of the major home price measures are showing sustained increases," he said. "Disruption from Sandy likely will be temporary, notably in New Jersey and New York, but the market is likely to pick up speed within a few months with the need to build new homes in damaged areas," Yun added.

Yun sees no threatening signs for inflation in 2013, but projects it to be in the range of 4 to 6 percent by 2015. "The huge federal budget deficit is likely to push up borrowing costs and raise inflation well above 2 percent," he said. Rising rents, qualitative easing (the printing of money), federal spending outpacing revenue, and a national debt equal to roughly 10 percent of Gross Domestic Product are all raising inflationary pressures. Mortgage interest rates are forecast to gradually rise and to average 4.0 percent next year, and 4.6 percent in 2014 from the inflationary pressure.

With rising demand and an ongoing decline in housing inventory, Yun expects meaningfully higher home prices. The national median existing-home price should rise 6.0 percent to $176,100 for all of 2012, and increase another 5.1 percent next year to $185,200; comparable gains are seen in 2014. "Real estate will be a hedge against inflation, with values rising 15 percent cumulatively over the next three years, also meaning there will be fewer upside-down home owners," Yun said. "Today is a perfect opportunity for moderate-income renters to become successful home owners, but stringent mortgage credit conditions are holding them back." Existing-home sales this year are forecast to rise 9.0 percent to 4.64 million, followed by an 8.7 percent increase to 5.05 million in 2013; a total of about 5.3 million are seen in 2014.

New-home sales are expected to increase to 368,000 this year from a record low 301,000 in 2011, and grow strongly to 575,000 in 2013. Housing starts are forecast to rise to 776,000 in 2012 from 612,000 last year, and reach 1.13 million next year. "The growth in new construction sounds very impressive, and it does mark a genuine recovery, but it must be kept in mind that the anticipated volume remains below long-term underlying demand," Yun said. "Unless building activity returns to normal levels in the next couple years, housing shortages could cause home prices to accelerate, and the movement of home prices will be closely tied to the level of housing starts." "Home sales and construction activity depend on steady job growth, which we are seeing, but thus far we've only regained half of the jobs lost during the recession," Yun said.

Also speaking was Mark Vitner, managing director and senior economist at Wells Fargo, who said the fiscal cliff is the biggest situation that needs to be addressed. "Beyond concerns about the fiscal cliff, the economic improvement seems to be broadening," he said. "Housing will strengthen in 2013 even if the economy weakens because there is a demand for more construction, and the demand for apartments is rising at a faster rate than the need for more single-family homes," Vitner said. "Unfortunately, apartment construction is focused on about 15 submarkets, so additions to supply will be uneven. Even with declining market shares of foreclosures and short sales, Vitner said they will continue. "Distressed homes right now are like an after-Christmas sale most of the best stuff has been picked over, but make no mistake they'll be with us for a while."

Yun projects the market share of distressed sales will decline from about 25 percent in 2012 to 8 percent in 2014.

For more information, visit www.realtor.org.
 
(+1.25) Lot Sales:
 
To rank positive score need one sale per week, the market gave us five sales.
 
The Lake District, LLC (P O Box 12487, Alex., LA 71315) to Gregory B & Hope E O'Quin (2018 Horseshoe Dr., Alex., LA 71301) - Lots 85-A & 86-A, The Lake District, Phase 1, 4th filing, $66,000.00
 
Lambert Recreational Properties, LLC (P O Box 215, Hessmer, LA 71341) to Wendy R Hyatt (820 Iberia St., Youngsville, LA 70592) - Lot 5-B, Elza Hebert Estates, $42,000.00
 
Louisiana Conference Center of the United Methodist Church (2350 Methodist Parkway, Woodworth, LA 71485) to Marvin C Cassell (1945 Tom Cassell Road, Woodworth, LA 71485) - Lot 154, Country Club Place, Phase VI, $36,500.00
 
Inspirational Properties, LLC (6211 Cobblestone Dr., Alex., LA 71303) to Mary A Pinkston (5703 Jackson St., Apt. 134, Alex., LA 71303) - Lot 98, St. Andrews Links Estates, Phase 3, $33,000.00
 

(+1.25) New Home Sales:
 
Looking for one new home sale per week for positive score and market gave us 1.
 
Floyd C Hebert, Inc. (4033 Waterford Dr., Alex., LA 71303) to Donald R & Mary J Brown (5445 Provine Place, Apt. 1013, Alex., LA 71303) - Lot 95, Woodlake Subd., Phase V-B (184 Woodwind Dr., Pineville, LA 71360), $250,150.00.
 
National survey shows builders more confident now than they have been in past 6.5 years or 78 month confidence high. . Lowe’s reported surge in net income. Confidence indexes below 50 indicate negative sentiment and it last reached this level in 2006 lowest level was 17 so we have witness 29 point increase in pst several months. Seasonally adjusted annual rate of previously occupied homes is at 4.79 million still below 5.5 million that is consistent with a healthy market. Pace is 11% better than last year at same time.
 
D.R Horton largest U.S home builder based on annual closings announces most profitable year since 2006. The Down Jones U.S Home Construction Index which tracks 7 builder stocks has risen about 80% this year.
 
Home Depot stock up 49%.
 
(-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 9 sales with total volume of $1,011,484 / $9,050,968 = 11.18%
 
Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000Dallas, TX 75254) to Megan D Basco (502 Bayou Marie Road, Pineville, LA 71360) - Tract in Sec 23, T4NR1W (502 Bayou Marie Road, Pineville, LA 71360), $18,900.00
 
Sec. of HUD (1670 Broadway St., 21st Floor, Denver, CO 80202) to Bradley D & Ashley M Pilcher (1813 Stanford St., Alex., LA 71301) - Lot 6, Sq 21, S A Guy Addn., $64,900.00
 
Sec. of HUD (1670 Broadway St., 21st Floor, Denver, CO 80202) to Donna M Crooks (350 Flowers Road, Pineville, LA 71360) - Part of Lot A-2 of a resubdivision of Lot 50, Flaggon Hills Subd. (350 Flowers Road, Pineville, LA 71360), $34,890.00
 
U S Bank (8480 Stagecoach Circle, Frederic, MD 21701) to Bino Real Estate, LLC (107 Hospital Dr., Oakdale, LA 71463) - Part of Lots 10 & 11, Blk 3, Shirley Park Addn. (3460 Wainwright St., Alex., LA 71301), $84,000.00
 
Fannie Mae (14221 Dallas Parkway, Suite 1000Dallas, TX 75254) to Marcy B Lemoine (70 Town & Country Road, Alex., LA 71302) - 4.03 acres in Sec 16, T2NR2E (70 Town & Country Road, Alex., LA 71302), $169,900.00
 
PNC Bank (3232 Ndewmark Dr., Miamisburg, OH 45342) to Federal National Mtg. Assoc. (P O Box 650043, Dallas, TX 75265) - Lot 20, Blk A, Kelley Land Subd. (1705 Tullamore St., Alex., LA 71303), $37,667.00
 
Sec. of Veterans Affairs to Craig & Melissa Sikes (4037 Legacy Loop, Pineville, LA 71360) - Lot 101, Legacy Pointe Subd., Phase V (4037 Legacy Loop, Pineville, LA 71360), $267,000.00
 
Sec. of HUD (1670 Broadway St., 21st Floor, Denver, CO 80202) to Mark K Funderburk (1823 Shannon Road, Alex., LA 71301) - Lot 84, Fourleaf Village (1823 Shannon Road, Alex., LA 71301), $31,977.00
 
First Federal Bank of LA (2141 North Mall Dr., Alex., LA 71301) to Henry E & Darlene E Clark (417 Grant Dr., Ball, LA 71405) - Tract in sec 17, T5NR1E (0 Williford Road, Ball, LA 71405), $302,250.00
 
Acreage sales:

Interest rates: 30 year rate was 3.47% this week is 3.41%, the 15 year rate was 2.85% this week it is 2.83%, the 5/1 ARM was 2.96% now 2.93%.
 
Indices
 

 

Last

Last Week

YTD return %

DJIA

12542.38

12811.32

2.66%

NASDAQ

2836.94

2895.59

8.90%

S&P 500

1353.33

1377.51

7.61%

MSCI EAFE

1479.42

1503.15

4.73%

Russell 2000

769.48

793.65

3.85%

 
Consumer Money Rates

 

Last

1-year ago

Prime Rate

3.25

3.25

Fed Funds

0.17

0.06

30-year mortgage

3.34

4.00

 
Currencies

 

Last

1-year ago

Dollars per British Pound

1.586

1.584

Dollars per Euro

1.277

1.354

Japanese Yen per Dollar

81.130

77.030

Canadian Dollars per Dollar

1.003

1.022

Mexican Peso per Dollar

13.257

13.549

 
Commodities

 

Last

1-year ago

Crude Oil

85.45

99.37

Gold

1712.92

1781.65


Bond Rates

 

Last

1-month ago

2-year treasury

0.24

0.29

10-year treasury

0.61

1.80

10-year municipal (TEY)

2.78

2.89

 
 
 
 
 
 

 

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Rod's Notes For Wednesday 11/14/12


Rod Noles Property Management, Inc.

 

Rod’s Radio Show Notes November 14th 2013

 

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).

 
I was in New Orleans last week teaching an International class for CCIM. If you have the time view the roster, scroll to the bottom of the notes. We had students from all over the world attend these courses and maybe just maybe you will know one of the students. “Small world but I would not want to paint it.” The classroom for this course was at American Title company headquarters at 511 Bienville, all of the roads in the French Quarters are being resurfaced for the Super Bowl and what a mess but it should look great in a few weeks.
 
Announcements:
 
Monday November 19th CLEDA will host its Educational Forum at the Best Western for lunch at 11:30am. Speakers include: Dr. Michael Elam Interim Chancellor Central La. Technical Community College, Dr. David Manuel Chancelllor of LSUA, Dr. Randall Webb President Northwestern State University.
 
Rumors and Street News:
 
Petco is coming to MacArthur Village.
 
Coming soon “something exciting” sign next to Logans. What could it be? My guess and only my best guess Olive Garden.
 
Prediction January 1, 2014: Shortage of residential building lots between 28 West, Masonic Drive and Horseshoe / Twin Bridges. Just look where new lots are rolling out: 24 at Bocage, 15 at Fairfield and observe where development is nearly sold out: WestPoint, Tennyson Oaks has 10 lots remaining, Lake District has 2 traditional, 1 estate lot.
 
Mykoff Absorption Report is Attached:
 
7.24 total market there were 630 homes on market October 1st 87 sold (630 / 87 = 7.24)
 
27 above $401,000 there were 27 homes on market as of 1st of Oct. 1 sold (27 / 1 = 27)
 
9.57 between $250,001 - $400,000 there were 67 homes on market as of
1st October 7 sold (76 / 7 = 9.57)
 
7.65 between $150,001 - $250,000 there were 176 homes on the market as of
1st October 23 sold (176 / 23 = 7.65)
 
6.43 under $150,000 there were 360 homes on the market as of
1st October 56 sold (360 / 56 = 6.43)
 
Lafayette Residential Market Update:
 
Trends appear to be same here but with much less volume and smaller average sales price.
 
P&G to add 50 New Jobs:
 
Powered-detergent operations are being shifted from Augusta Georgia to Pineville Louisiana. In March, P&G completed a $100 million expansion at its Pineville facility to enable the plant and the company to deliver one of its newest products, Tide Pods, which launched in February. The Pineville site, which opened in 1969, covers nearly 1 million square feet in building space on 112 acres. To secure the expansion, Louisiana offered P&G a performance-based grant of $3.4 million to offset a portion of the costs for new training facilities, infrastructure and equipment, as well as use of the state's Retention and Modernization Program, Jindal's office said. The company also is expected to make use of the state's Quality Jobs and Industrial Tax Exemption programs. In addition,
 
England Authority Deals:
 
Jerry R & Pamela G Johnson (50 Fredericksburg Road, Boyce, LA 71409) to the England Economic and Industrial Development District - Part of Lot 4, Colonial Estates, $185,000.00
 
Every Deal has a Tale / Tail:
 
Last 4 weeks four small office buildings have sold
EGS & J, LLC (2001 MacArthur Dr., Alex., LA 71301) to Tower Investments, LLC (3305 Fern St., Alex., LA 71302) - Lot 1, Tract 7, North Windermere Place (4601 Windermere Place, Alex., LA 71303), $225,500.00.
 
This is office on Windermere formerly occupied by financial planning group now at Lake District Dale Weishuhn was buyer
 
Pro Temp office building on Parliament sold last week for $209,000.
 
Previous week Bolton and Bolton Insurance office on Jackson and Maryland Street sold for $404,000.
 
Phyllis Bussey tells me Bussey & Lauve law office on Jackson Street is under contract and intends to close this month.
 
Construction Contracts:
 
City of Pineville to Petron, LLC - Airport lighting rehabilitation and emergency generator, $117,387.39
 
Town of Boyce to Rylee Contracting, Inc. - Testing and inspection of sewer service lines, $383,212.00
 
Rapides Parish Police Jury to Don M Barron Contractor, Inc. - 48" CMP Gravity Drainage Outfall Rehabilitation at Spanish Bayou, $256,520.00
 
First Baptist Church (901 Main St., Pineville, LA 71360) to Louisiana Roofing Contractors, LLC (3200 Shed Road, Bossier City, LA 71111) - Roof replacement education building, $187,700.00
 
Joe Clements, Clements Management, LLC (3003 Old Forge Dr., Baton Rouge, LA 70808) to Greg T Watts, President, Watts Real Estate, inc. (27037 Greenwell Springs Road, Greenwell Springs, LA 70739) - Burger King - Old Boyce Road (6026 Old Boyce Road, Alex., McDonalds does rehab competitor soon follows.
 
England Economic and Industrial Development District to Yankee Clipper Garden Center - England Authority Median Planting, $71,023.75
 
LA Military Dept. to Tudor, Inc. (1412 Centre Court, Suite 500, Alex., LA 71301) - Window replacement and repairs to building 4703, Camp Cook, Pineville, LA, $58,014.50
 
State of LA Military Dept. to T L Construction, LLC (5700 Eddie Williams Ave., Alex., LA 70121) - Covered bleachers and mess at range 1A, Pineville, LA, $34,425.00
 
Walked the area behind walking trails at Lake District where Progressive is completing drainage work on diversion canal from Menard to Versailles. This should really help this area’s drainage.
 
28 West has new City’s new fire station and $23 million renovated coliseum coming on line one right behind the other.
 
(+1.25) 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. Score for this week will be “double points” as we are measuring two weeks activity. 
 
Legal Recorder Data:
 
October 29th through November 9th
 
(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:
 
Through November 8th 74 transactions totaled $8,019,392 for a two week time period this ranks a negative score. Home prices nationally are seeing strong rebound in average price.
 
(+1.25) Lot Sales:
 
To rank positive score need one sale per week. The market gave us two in last two weeks for positive score.
 
Ballina Farms, Inc. (P O Box 12487, Alex., LA 71315) to Bryan N Peart, Jr. & Inez M Peart (201 Peart Lane, Pineville, LA 71360) - Lot 187, Tennyson oaks Subd., Phase 7C (6408 Arden Oaks, Alex., LA 71301), $61,500.00
 
William G & Lisa L Beard (3869 Rue Left Bank, Alex., LA 71303) to Efrain Padilla-Guzman and Johanna Acevedo-Medina (133 St. Andrews Dr., Alex., LA 71303) - Lot 160, Tennyson Oaks Subd., Phase 7B (6301 Windy Oaks, Alex., LA 71301), $82,500.00
 
(-1.25) New Home Sales:
 
Looking for one new home sale per week for positive score and market gave us zero for last 2 weeks for negative score.
 
(-1.25) Lender Sales as Percent of Total Sales:
 
Rates positive score if lender sales are below 5% of total sales, the last two weeks market gave us 8 transactions for $615,100 / $8,019,392 = 7.67%
 
Sec. of HUD to Jessica N Hamilton (120 Nell St., Pineville, LA 71360) - Lot 16, J H Edwards Subd. (120 Nell St., Pineville, LA 71360), $38,200.00
 
J P Morgan Chase Bank to Timothy B Leger (208 Adams Path, Pineville, LA 71360) - Lot 15, Lee Montgomery Subd. (54 Mylee Dr., Ball, LA 71405), $34,000.00
 
Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000 Technology Dr., O'Fallon, MO 63368, Dallas, TX 75254) to Shane Dauzat (5854 Twin Bridges Road, Alex., LA 71303) - Lot 218, Grundy Cooper Subd., Ext. 4 (5815 Skye St., Alex., LA 71303), $60,000

LPP Mtg., Ltd. (7195 Dallas Parkway, Plano, TX 75024) to Harold T & Kim R Wright (15 East River Road, Glenmora, LA 71433) - 11.73 acres in Sec 6, T1NR3W (75 East River Road, Glenmora, LA 71433), $73,500.00
 
The Evangeline Bank (3700 Jackson St., Alex., LA 71303) to Keith P & Crystal H Saucier (5631 Old Marksville Hwy., Pineville, LA 71360) - 4.64 acres in Sec 8, T3NR2E (5631 Old Marksville Hwy., Pineville, LA 71360), $60,900.00
 
Reverse Mtg. Solutions, Inc. (5222 FM 1960 West, Suite 300, Houston, TX 77069) to Roy Middleton (831 Koonce St., Natchitoches, LA 71457) - Lot 16, J H Sudbury West Natchitoches Subd., $55,000.00
 
Sec. of HUD to Laura S Breaux (3832 Howard St., Alex., LA 71302) - Lot 6, Sq L, Martin Park, $63,500.00
 
Federal Home Loan Mtg. Corp. to Kevin P & Erin B Knight (4112 Waterford Dr., Alex., LA 71303) - Lot 22, Charles Park Ext., Phase I (4112 Waterford Dr., Alex., LA 71303), $230,000.00
 
Acreage Sales:
 
Total acreage sale 118
 
Ricky D & Dana M Elliott (P O Box 434, Forest Hill, LA 71430) to Joseph E & Loretta J Johnson (P O Box 1626, Glenmora, LA 71433) - 13.07 acres in Sec 27 & 28, T1SR2W, $82,000.00
 
Roy O Martin Lumber Co., LLC (P O Box 1110, Alex., LA 71301) to Cade J & Amy T Young (203 Dean Lane, Pineville, LA 71360) - A 5 & 26.654 acre tract in Sec 40, T4NR2E, $46,612.00
 
Kevin S & Cynthia A Cloud (5503 Old Marksville Hwy., Pineville, LA 71360) to Bryan K Ward (P O Box 285, Forest Hill, LA 71430) - 9.7 acres in Sec 18, T2NR4W, $45,000.00
 
Trustland, LLC (5615 Jackson St., Bldg. L, Suite D, Alex., LA 71303) to PLOW, LLC (5615 Jackson St., Bldg. L, Suite B, Alex., LA 71303) - 9.88 acres in Sec 17, T1NR2W, et al, $53,000.00
 
Alvie M Rougeau (P O Box 16114, Jonesboro, AR 72403) to Pelican Timberland Properties, LLC (321 Mallard Cove, Pineville, LA 71360) - 59.06 acres in Sec 12, T3NR4W, $148,000.00
 
Interest Rates:
 
30 year rate was 3.47% this week is 3.41%, the 15 year rate was 2.85% this week it is 2.83%, the 5/1 ARM was 2.96% now 2.93%. If you borrow $200,000 @ 30 years 3.47% payment is $894.74. Assume rates move to 5.5% same payment will support $157,583 or 21% less loan. If rates go to 6.5% you now can afford $141,557 loan or 29%
 

CI101 Nov. 5-8, 2012 New Orleans, LA
STUDENTS
11/05/2012 - 11/08/2012

 
 
Michael Allain
KW Commercial
6815 Wuerpel Street, Suite A
New Orleans, LA 70124
Phone: (504) 231-4410; Fax:
michaelallain@kw.com
 
Brian Beshara
KW Commercial
8601 Leake Avenue
New Orleans, LA 70118
Phone: (504)862-0100; Fax:
brianbeshara@gmail.com
 
Elmo John Cerise Jr
Keller Williams New Orleans
7804 Breakwater dr
New Orleans, LA 70124
Phone: (504)460-6611; Fax: (504)304-6456
ejohncerise@fastmail.fm
 
Erin B. Detillier
Executive Companies, Inc.
311 Telly Road
Picayune, MS 39466
Phone: (601)798-4000; Fax: (601)798-6161
erin@execreal.com
 
Chris Malcolm Gremillion
NAI Latter & Blum
10455 Jefferson Hwy., Suite 200
Baton Rouge, LA 70809
Phone: (225)297-7445; Fax: (225)295-0800
cgremillion@latterblum.com
 
Jacob Grieser
Health Care REIT
4500 Dorr St
Toledo, OH 43615
jacob.grieser@gmail.com
 
Paul Hodges
Hodges Warehouse + Logistics
1065 N. Eastern Blvd
Montgomery, AL 36117
Phone: (334)280-2033; Fax: (334)288-4233
paul.hodges@hodgeswarehouse.com
 
Siham Jabr
Continental Realty, LLC
212 W Judge Perez Dr.
Chalmette, LA 70043
Phone: (504) 279-7837; Fax: (504) 279-5800
continentalrealty@yahoo.com
 
Ben Jacobson
Corporate Realty
201 St. Charles Ave, Suite 4411
New Orleans, LA 70130
Phone: (504)581-5005; Fax:
benj@corp-realty.com
 
Austin Lavin
Corporate Realty
201 St. Charles Ave., Suite 4411
New Orleans, LA 70170
Phone: (504)581-5005; Fax: (504)585-2605
alavin@corp-realty.com
 
Merrie Chris Leger
RE/MAX Acadiana
123 Westmark Blvd.
Lafayette, LA 70506
Phone: (337) 962-7653; Fax:
mcleger@remax.net
 
Kent E Lovelace
P.O. Box 1347
Gulfport, MS 39502
Phone: (228)234-9192; Fax:
kentelovelace@gmail.com
 
Peggy Newcomb
Gardner Realtors
139 Melody Lane
Slidell, LA 70458
Phone: (985)707-6414; Fax:
newcombpeggy@bellsouth.net
 
Ignacio Puerta
GE Capital
Periferico de la Juventud No. 7104
3, 2o Piso, Frac. Colinas del Valle, CP Chihuahua, Chih., Mex 31214
Phone: 526144325291; Fax:
ignacio.puerta@intramerica.com.mx
 
Monty Recoulley
RE/MAX Essential
1650 Military Cutoff Road, Suite 100
Wilmington, NC 28403
Phone: (910)685-5201; Fax: (910)777-2727
recoulleym17@gmail.com
 
Tim Revard
4500 Dorr Street
Toledo, OH 43615
trevard@hcreit.com
 
Christian J Schedler
HRI Properties
837 Gravier Str, Suite 304
New Orleans, LA 70112
Phone: (504)493-6547; Fax:
cschedler@hriproperties.com
 
Candice Skinner
Candice Skinner Real Estate
12314 Lake Charles Hwy
Leesville, LA 71446
Phone: (337)404-3926; Fax: (337)404-3927
candice@candiceskinnerrealestate.com
 
Blake Soto
NAI Lake Charles
2713 Lorraine Lane
Lake Charles, LA 70605
Phone: (337) 764-6556; Fax:
blakesoto@nailakecharles.com
 
Slater W. Swartwood, CCIM
Anrock Realty Group, LLC
5804 River Oaks Rd. S
Harahan, LA 70123
Phone: 504-782-2047; Fax: 504-831-8799
cgslater@gmail.com
 
Kathy A. Tolliver
Paul Gilmore and Associates
6391 Eastover Dr.
New Orleans, LA 70128
Phone: (504) 481-9595; Fax: (504) 456-1690
kathytolliver@bellsouth.net
 
Melissa Trahan
RE/MAX Acadiana
123 Westmark Blvd
Lafayette, LA 70506
Phone: (337)339-1868; Fax: (337)984-0007
Melissa.trahan@remax.net
 
Darren Zuppardo
3817 Lime St.
Metairie, LA 70006
Phone: (504)722-7222; Fax: (504)327-5770
darren@gozuppardo.com
 

Archives:

2013-12 | 2013-11 | 2013-10 | 2013-09 | 2013-08 | 2013-07 | 2013-06 | 2013-05 | 2013-04 | 2013-03 | 2013-02 | 2013-01 | 2012-12 | 2012-11 | 2012-10 | 2012-09 | 2012-08 | 2012-07 | 2012-06 | 2012-05 | 2012-04 | 2012-03 | 2012-02 | 2012-01 | 2011-12 | 2011-11 | 2011-10 | 2011-09 | 2011-08 | 2011-07 | 2011-06



Mykoff Monthly Comparison Absorption Report
 

2012

Jan

Feb

March

April

May

June

July

Aug

Sept

Oct

 

 

 

 

 

 

 

 

 

 

 

Currently listed

690

640

651

633

616

656

660

650

632

630

Sold

62

80

121

89

101

94

111

94

99

87

Came on the Market

109

102

134

121

130

146

138

129

115

129

Current Monthly Supply

11.1

8

5.38

7.11

6.1

6.66

5.95

6.91

6.38

7.24

 

 

 

 

 

 

 

 

 

 

 

$400,001 and Up

 

 

 

 

 

 

 

 

 

 

Currently listed

28

27

30

25

29

24

29

27

28

27

Sold

3

2

4

1

2

1

4

0

3

1

Came on the Market

1

4

6

2

8

1

3

5

4

5

Current Monthly Supply

9.3

13.5

7.5

25

14.5

24

7.25

27

9.33

27

 

 

 

 

 

 

 

 

 

 

 

$250,001-$400,000

 

 

 

 

 

 

 

 

 

 

Currently listed

70

63

69

68

61

63

67

75

69

67

Sold

3

10

9

8

6

11

10

11

9

7

Came on the Market

12

4

19

10

11

15

17

21

11

17

Current Monthly Supply

23.3

6.3

7.67

8.5

10.17

5.73

6.7

6.82

7.67

9.57

 

 

 

 

 

 

 

 

 

 

 

$150,001-$250,000

 

 

 

 

 

 

 

 

 

 

Currently listed

192

166

175

170

170

185

190

195

186

176

Sold

16

18

37

32

29

28

31

26

38

23

Came on the Market

32

22

39

38

41

44

41

39

36

36

Current Monthly Supply

12

9.22

4.73

5.31

5.86

6.61

6.13

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