Rod's Notes Archives for 2013-09

Rod's Notes For Wednesday 09/25/13


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). KSYL has now added Wednesday evening encore at 8:00 pm

 

People not property: 

 

Priscilla Giallonardo is our guest this morning will tell us about some exciting events at Alexandria zoo and the involvement of YPG (young professional group). Share with audience Priscilla’s role with our marketing team.

 

Tom David CEO for Pan American engineers purchased the former Calvary church on Bolton and Jackson. Tom has lugged around the stain glass windows from the church for 25 years trying to decide how and where to use them. He is now going to donate them to Calvary Church for their new sanctuary. We handled the Transaction many years back and I hope Tom does not call me an attempt to renegotiate the purchase price since Cal\vary is now taking delivery of stain glass windows.

 

Matt Ritchie’s installation as 2014 president of LR, also Brenda Luttgeharm Regional VP. Quality group of Central La. Realtors. Jon Norman local President, Jamie Lemoine Vice President, Janet Whittle treasure, Lynette Giallonardo Secretary. Plus Amy Brocato, Elaine Setliff, Cornelius Coleman, Nicky Brocato, Dee Dee Smokey

 

Dale Daenen #1 agent in production at Noles-Frye for August. Drive by Parliament drive before week end and you will see the writing on his office window. Reminds me of cars with girls’ softball slogans on car windows, this will be off the windows by Monday so drive by and take a look give Dale a call and offer your Kudos.  

 

Fun with Football Numbers: 

7 teams are 3-0 one of them is New Orleans saints name one of the other six.

 

$500,000 Super Bowl XLVIII 30-seat luxury suite New York anyone has an extra ticket I will drive them to NY

 

$2,600 for the best seats double the rate for last year’s Super Bowl in New Orleans. Fun things you can do with $2,600 you can buy 5,777 stamps @ $.45 each.

  

Every Deal has a Tale / Tail:

 

J & P Enterprises of Cenla, LLC (P O Box 12603, Alex., LA 71315) to First Pentecostal Church of Alex., LA, Inc. (2817 Rapides Ave., Alex., LA 71301) - Lot 3, Sq 9, Homewood Place (70 A & B Westwood Blvd., Alex., LA 71301), $5,000.00. Sale by itself is not a story but the gentrification taking place in the POA neighborhood borders on miracle level.

 

Demolished former Burger King on MacArthur Drive is a proposed ground lease being handled by Paul Maxwell.

 

Carroll Furniture on Memorial is under contract with local business that plans to expand, moving toward closing the deal mid-October.

 

City of Alexandria Community College Initiative is where the City Council during their September 17th meeting provided the Mayor with authority to hire independent site selection specialist enter into contracts and joint venture arrangement to promote and enhance location efforts for Community College. Good news is there will be healthy competition for site selection for new Community College. Some of locations being considered are (1) LSUA (2) England Air Park (3) Downtown Alexandria (4) Pineville properties owned by the state (5) McKesson building. Bad news if you are property owner thinking you have deal locked up there is lots of good competiton.

 

Start up business closed:

 

Tire store at 3219 Masonic opened for one year, owner’s second location first store is Ruston pardon the pun but they just could not get traction.

 

Red Door on Michiels drive second location first store still up and running in Baton Rouge, pardon the pun just could not get enough folks through the front door. Not funny at all when you have to close a business our culture admires one who tries and fails and then tries again. Every new business faced the fear of possibly not making it.

 

I came close to going out of business right after closing of base, and change in tax law. I was so lucky to have two different partners in brokerage business just at the right time, David Woodring and Ray Frye. No one would out work David if you are in a Titanic event you want David in with life boat  No one had more vision nor more generous than Ray Frye.  

 

Property offering for the week:

 

5211 Morgan Street listed by Dale Daenen and Alvin Mykoff with NAI Latter & Blum. Former re-bar plant 40,000 sf warehouse on 3 acres listed for $750,000.This property features a 200 foot sloped trailer ramp inside the building 32’ clear height, multiple bay doors 24 x 16 and two 10 ton cranes. Very unique building Rick Ranson with CLEDA needs to inspect these type buildings and it is up to listing agent to expose Rick to the listing and provide him with electronic data. Explain to audience how CLEDA works with local brokers.

 

Tip for the week: do not share your multi lock key it is likely to result in $1,000 fine, possibly loss of MLS privilege, and it is just a stupid and unsafe practice. We were once fined $1,000 by sharing key with new agent who had not received their MLS key.

 

Construction Contracts:

 

Congregation of St. Rita Roman Catholic Church (4401 Bayou Rapides Road, Alex., LA 71303) to Westerchil Construction Co., Inc. (P O Box 5046, Alex., LA 71301) - New maintenance building for St. Rita Catholic Church (4401 Bayou Rapides Road, Alex., LA 7130. Drive by reporters call in and tell us what this project includes.  

 

England Economic & Industrial Development District: Big news here is that we did not have a sale, announce of new project, or new grant. I do want to see Jon Grafton’s presentation that I missed at downtown Rotary. If you belong to civic group that has Jon booked for presentation please invite me as your guest.   

 

(+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 September 16, 2013 through September 20th 5 working days from previous week. .

(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: Total sales of 36 with $4,421,199 volume for negative score

 

After yearlong rally, the U.S housing market is showing signs of cooling, I think due to following “cause and effects:”

 

1.    Increase in price especially new homes

2.    Increased interest rates

3.    Slow down with investor purchases, as completion for alternative investments look more favorable

4.    Shortage of existing inventory for sale

 

NAR reports moderation in activity measured by decrease in use of “electronic” lock boxes. The market has also passed through what is traditionally the home selling season April through August

 

(-1.25) Lot sales: To rank positive score need one sale per week the market provided none, zero, zip partly time of the year, reduction in inventory, and increased interest rates.

(-1.25) New home sales: looking for one new home sale per week the market gave us zero, zip, not a one same reasons as lots sales,

except past several weeks have been two to five new home sales run off inventory

 

 

 

       

(+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 only

two sales $184,499 / $4,421,199 = 4.17% for positive score

 

Wells Fargo Bank (1661 Worthington Road, Suite 100, West Palm Beach, FL 33409) to TCBA, LLC (4821 Porter Circle, Alex., LA 71303) - Lot 11, Blk 7, Petrus Heights Subd. (3007 Darby Dr., Alex., LA 71301), $53,649.00

 

Federal Home Loan Mtg. Corp. (8200 Jones Branch Dr., McLean, VA 22102) to John & Rebekah Cloud (128 Joe Ray Road, Glenmora, LA 71433) - 1 acre in Sec 8, T1SR3W (128 Joe Ray Road, Glenmora, LA 71433), $130,800.00

 

Past 5 years lenders have foreclosed on 4.5 million home loans

 

Interest rates: 30 year rate was 4.57% this week is 4.42%, the 15 year rate was 3.59% this week it is 3.41%.

 

More Banking news: Freddie and Fannie is looking to reduce maximum loan they will back. Current for our area is $417,000. In expensive markets max guaranty is $625,500 in Hawaii it is $721,050. With anticipated decrease in max loan guaranty private lenders will be called on to make Jumbo loans 2Q13 private lenders handled 20% of these type loans.

 

Wall Street Journal article regard concerns with realignment of Fannie and Freddie. 

 

1.    Government is talking about shutting down Fannie Mae and Freddie Mac but don’t expect this to happen before the City Of Alexandria replaces the North Circle. The process in Washington is more difficult than shut down of US operated Guantanamo Bay prison in Cuba.

2.    America loves the fixed rate 30 year mortgage and tax deductibility of interest paid on mortgage. Other countries do not offer this financial vehicle.

3.    In 1980 market experienced Savings and Loan crisis when private market fixed long term interest rates and cost of funds from deposits exceed rates charger borrowers. Share with audience Winnfield First Federal.

4.    4. After 1980 enters Freddie and Fannie they do not actually make the loan instead they buy loans from lenders, package them into securities, and sell those securities to investors. The high risk part is agency promises to make investors whole in the event of default.

5.    There is $10 trillion dollars in mortgage debt outstanding today with $4.5 trillion backed by Fannie and Freddie.

6.    Government backed loans suffered 3.9% default rate during bust or $206 billion while private lenders faced $449 billion or 20% lost rate.

7.    Concentration of credit to private sector would make large banks larger.

8.    Downturns are worse when credit is more difficult

9.    Realtor lobbying group opposes elimination of these agencies and NAR has 1 million members.

Rod's Notes For Wednesday 09/18/13


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). KSYL has now added Wednesday evening encore at 8:00 pm  

 

People not property: 

 

Gary Perkins hopefully will be calling in in to tell our audience about Bryan Franklin seminar sponsored by BAS titled “The Billion Dollar Man” September 24th

 

Jon Grafton made a powerful and informative presentation regard past activity and future plans for community’s wonderful real estate asset known as England Economic and Industrial Development District. I was unable to make meeting and hope Jon makes the same presentation for another civic group. 

 

Matt Ritchie will be induced as LRA president this Thursday during Louisiana Realtor’s Association annual convention. Matt is first CCIM to be LRA president. Previous LRA presidents from Central La. include Van Willet, Randy Mansour, Tim Block, and Everett Stephens. Matt could be the youngest LRA president ever, kudos to Matt, our community, and real estate industry in the state of La.

 

Quote of the week: “now we know your word is only as good as your memory” Share this story with your audience.

 

December 18th is my last radio show broadcast; I said during our first show in January this would be my last year. Part of my self-improvement in my spiritual development is to become a “quieter person”. Some of my co-workers, friends, and spheres of influence may have noticed I tend to talk too much. Wife tells the story of our first date…”30 minutes all I have done is talk about me…stop right now and give you …pause…a chance to talk about me.

 

Every Deal has a Tale / Tail:

 

“Par Buckling” worked yesterday with ship Costa Concordia an engineering feat that was being watched by the world. Have not seen television clip but heard about it this morning on the radio.

 

Full City Council in 7-0 vote approved zoning commission’s recommendation to re-zone 16 acres on East side of Versailles from multifamily to C-2 commercial.  

 

Tip for the week: with market displaying 4.55 absorption rate in $150,000 to $250,000 range home buyers will need to shop harder, longer, and should make exclusive relationship with local realtor and hold the agent accountable.

 

Construction Contracts:

 

RD Holdings, LLC (4406 Wellington Blvd., Alex., LA 71303) to Ratcliff Construction Co., LLC (3900 Lee St., Alex., LA 71302) - New medical office building (1587 North Bolton Ave., Suite A, Alex., LA 71303), $3,843,352.00

 

Golden Corral is now back under full construction seemed to have gotten started prior to winter rain. I predict March 2015 opening.

 

England Economic & Industrial Development District  

 

Freddie S Vinson, Jr. (384 Moss Point Dr., Boyce, LA 71409) to The England Economic and Industrial Development District - Part of Lots U & V, Bayou Grosse Park Subd., Ext. 2, $130,000.00

 

Absorption rates for August:

 

6.01                Full market 823 homes on market beginning of the month 137 sold 823 / 137 = 6.01

39                    $400,001 and up 39 on market 1 sold

9.2                   $250,001 to $400,000 there were 92 homes on the market 10 sold

4.55                $150,001 to $250,000 there were 241 homes on the market 53 sold

6.18                $150,000 and less 451 homes on the market 73 sold

 

 

(+5.00) 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 September.

(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: 50 total transactions respectable volume of $5,257,576

 

(+1.25) Lot sales: To rank positive score need one sale per week the market provided 6 sales for the week.

 

Melot Construction, LLC to Julia F Lott (P O Box 368, Ball, LA 71405) - Lot 11, Rue Donahue Subd., Phase 2, $20,250.00

 

DONK, LLC (1580 Hwy. 115, Deville, LA 71328) to Russell J Riggs (5 Ben Craig Road, Pineville, LA 71360) - 1 acre in Sec 38, T4NR2E, $25,000.00

 

Edward J Lockwood, III & Sheranda Lockwood (101Floyd St., Pineville, LA 71360) to Mark S Leger (5937 Gilly Williams Road, Pineville, LA 71360) - Lot 19, Paradise Point Subd. (4704 Paradise Point Dr., Ball, LA 71405), $19,000.00

 

Ahrens Bonaire Properties, LLC (143 Orchard Run, Natchitoches, LA 71457) to John D Carnes, Jr. & Vanetta H Carnes (19414 Water Point Trail, Humble, TX 77346) - Lot 5, Bonaire Subd., Phase I, $63,500.00

 

The Evangeline Bank (P O Box 12900, Alex., LA 71315) to Gate Investments, LLC (304 Arabella Blvd., Lafayette, LA 70508) - Lots 31 & 32, Crossgates, Phase III (6019 & 6017 Stonegate Dr., Alex., LA 71303), $60,000.00. Two lot deal.

 

(+1.25) New home sales: looking for one new home sale per week the market gave us three new home sales

 

D & J Development of Louisiana & Arkansas, LLC (P O Box 1719, Tioga, LA 71477) to Shelley K Mayeux (210 Addison Court,

Woodworth, LA 71485) - Lot B-5, Belle Chase Subd., Phase II (210 Addison Court, Woodworth, LA 71485), $165,000.00

 

Fernwood Homes, Inc. (P O Box 1236, Glenmora, LA 71433) to Robert C & Amber F Stanley (997 West River Road, Glenmora, LA 71433)

- 3.657 acres in Sec 8, T1SR3W (997 West River Road, Glenmora, LA 71433), $161,000.00

 

V & V Builders, LLC (1223 MacArthur Dr., Alex., LA 71303) to Charles D Lampkins, Jr. & Ilandia L Millage (5914 Toria Dr., Alex., LA 71303)

- Lot 267, Bocage Subd., Phase VI (5914 Toria Dr., Alex., LA 71303), $251,500.00

 

 

 

 

       

(+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 two sales with total volume 114,700 / $5,427,000 = 2.11%

 

J P Morgan Chase Bank (270 Park Ave., New York, NY 10017) to Dewana G Cole (7417 Hickory Grove Rd., Deville, LA 71328) - Tract in or near Sec 12, T5NR2E, $54,700.00

 

The Evangeline Bank (P O Box 12900, Alex., LA 71315) to Gate Investments, LLC (304 Arabella Blvd., Lafayette, LA 70508) - Lots 31 & 32, Crossgates, Phase III (6019 & 6017 Stonegate Dr., Alex., LA 71303), $60,000.00

 

Interest rates: 30 year rate was 4.58% this week is 4.48%, the 15 year rate was 3.59% this week it is 3.50%. Rates are down from last week I think partly because of much lower demand for refinancing but rates are up a full percentage point from last year. Thirty year will soon be 5% and 15 year rate will be 4%, 

 

 

Robert Kinberger weekly report:

 Indices

 

Last

Last Week

YTD return %

DJIA

15300.64

14937.48

16.76%

NASDAQ

3715.97

3658.79

23.07%

S&P 500

1683.42

1655.08

18.04%

MSCI EAFE

1790.30

1733.05

11.61%

Russell 2000

1048.48

1028.69

23.44%

 

Consumer Money Rates

 

Last

1-year ago

Prime Rate

3.25

3.25

Fed Funds

0.09

0.16

30-year mortgage

4.57

3.55

 

Currencies

 

Last

1-year ago

Dollars per British Pound

1.581

1.611

Dollars per Euro

1.331

1.289

Japanese Yen per Dollar

99.160

77.860

Canadian Dollars per Dollar

1.032

0.976

Mexican Peso per Dollar

13.071

13.016

 

 

Rod's Notes For (special day) Friday 9/6/13


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.

  

People not properties:

 

Jon Norman Central La. Board of Realtors President

 

Jamie Lemoine Vice President

 

Dr. Clyde Hollier surprise birthday party at Pollock Air Field: 65 years ago Clyde solo flight was piper cub. Owner flew with Clyde as he was able to experience the fight again on his birthday at 81 years old.

 

Dr. Jack Cappel passed away last week, share the dual contact story on his acreage tract in 1974.

 

Missed the last three Wednesday shows:

 

August 16th through 19th we were New Orleans on vacation with my brother and two of his wife’s girl friends from Scotland. Highlights included Belle Chase Sea Plane ride over the marsh and tour of 9th Ward.

 

August 20th through 24th we were in Chicago for instructor training for CCIM attended my first Cubs game left early game went into 14 innings, saw the play Book of Mormons.

 

August 21st attended my first Latter & Blum board of directors meeting in Baton Rouge. Highlights included discovery that L&B family of companies has average 800 home sales per month for the summer, also announce Military Scholarship program.

 

August 22nd through August 25th I attended religious three day silent retreat at Manresa

 

Last three weeks slept in 6 different beds including mine at 4309 Wendover

 

Every Deal has a Tale / Tail:

 

Ratcliff Construction has opened their third office in Baton Rouge. They now have corporate presence in Alexandria, Dallas and our state Capitol.

 

New Bio Mass Fuel Plant at the Port of Alexandria.

 

Oceans Real Property Holdings, LLC (1 Lakeshore Dr., Suite 1900, Lake Charles, LA 70629) to Pontus OH Portfolio, LLC (7825 Fay Ave., Suite 360, La Jolla, CA 92037) - 6.51 acres in Sec 17 & 18, T4NR1W - Northport West Subd., $3,100,000.00

 

GE Capital Franchise Finance Corp. (8377 East Hartford Dr., Suite 200, Scottsdale, AZ 85255) to ARC CAFEHLD001, LLC (106 York Road, Jenkintown, PA 19046) - Tract in Sec 31, T4NR1W, $368,236.38. 1200 MacArthur Drive Arby,s Restaurant 

 

Islamic Society of Central LA (396 Windermere Blvd., Alex., LA 71303) to Worley Drive Properties, LLC Dr. Shaid Mansoor (6405 Genevieve Dr., Alex., LA 71301) - Lot 2, Alexandria Medical Village (2232 Worley Dr., Alex., LA 71301), $160,000.00

 

Robert D & Alisa Q Kerr (6425 Tennyson Oaks Lane, Alex., LA 71301) to SMS Properties Partnership, LLC Samir Sihan (393 Garnet St., Pineville, LA 71360) - Lot 13 & part of 14, Masonic South Subd. (2208 Bonaventure Court, Alex., LA 71301), $290,000.00. Building behind Oil Exchange on Masonic Drive 

Total volume from August 12 through August 30: Three weeks of volume 146 transaction, nearly 35% or more were investor transactions.

Lot sales six lot sales in three weeks.

Richfield Developments, LLC (P O Box 8833, Alex., LA 71306) to William S & Natalie G Byrd (49 Credeur Road, Pineville, LA 71360) - Lot 10, Richfield Subd., Phase I, $39,000.00

Ahrens Bonaire Properties, LLC (143 Orchard Run, Natchitoches, LA 71457) to Michael L & Elizabeth L Harrington (1280 Bonaire Trace, Alex., LA 71303) - Lot 4, Bonaire Subd., Phase 1, $23,500.00

Thomas D David, Jr. (P O Box 89, Alex., LA 71309) to William D & Martha R Crenshaw (629 West Way, Alex., LA 71301) - Lot 10, Bayou Robert Estates Revised, et al (6003 Bayou Robert Dr., Alex., LA), $165,000.00

V & V Builders, LLC (P O Box 12846, Alex., LA 71315) to Eva L Hofacre (P O Box 13603, Alex., LA 71315) - Lot 96, St. Andrews Links Estates, Phase III (221 St. Andrews Dr., Alex., LA 71303), $35,000.00

Kara L Goodin (5615 Jackson St. Building N, Alex., LA 71303) to Richard C Bordelon (6006 Coty Dr., Alex., LA 71301) - Lot 56, The Lake District, Phase 1 (4382 Porter Circle, Alex., LA 71303), $52,500.00

B & B Office Holdings, LLC (P O Box 2167, Prairieville, LA 70769) to Three B Construction, LLC (P O Box 2167, Prairieville, LA 70769) - Lot 23, Shadow Creek Ranch Subd., Phase I, $36,000.00

New Home sales: six new home sales in three weeks.

Floyd C Hebert, Inc. (4033 Waterford Dr., Alex., LA 71303) to Ryan L & Alison R Ledet (6101 McRay Dr., Ball, LA 71405) - Lot 92, Woodlake Subd., Phase V-B (172 Woodwind Dr., Pineville, LA 71360), $250,000.00

V & V Builders, LLC (1223 MacArthur Dr., Alex., LA 71303) to Matthew L Stauffer (293 Links Dr., Alex., LA 71303) - Lot 59, St. Andrews Links Estates, Phase II (293 Links Dr., Alex., LA 71303), $299,500.00

Versailles Development of Alexandria, LLC (P O Box 1548, Alex., LA 71309) to Weilland Enterprises, LLC (P O Box 1548, Alex., LA 71309) - Lot 3-D, Village at Versailles Townhouses, Phase II-A (707 Toulouse St., Alex., LA 71303), $169,000.00

Gueringer Builder, Inc. (401-A Mary, Alex., LA 71303) to Laurie G & Benjamin A Lewis (113 Clayton Lane, Alex., LA 71303) - Lot 6, Therese Estate (113 Clayton, Alex., LA 71303), $175,000.00

David J Van Mol (222 Hwy. 456, Lecompte, LA 71346) to Tamara L Rogers (496 Ocho Rios, Pineville, LA 71360) - Lot 51, Ocho Rios Subd., Phase I-B (496 Ocho Rios, Pineville, LA 71360), $201,000.00

David J Van Mol (222 Hwy. 456, Lecompte, LA 71346) to Jacoby J & Brittney E Recard (4051 Bayou Rapides Road, Apt. 403, Alex., LA 71303) - Lot 32, Ocho Rios Subd. (805 Tyson Dr., Pineville, LA 71360), $205,000.00

 Construction Contracts: 

 

Rapides Parish Police Jury to Cecil D Gassiott, LLC - City of Pineville Wastewater Treatment Plant Outfall to Red River Pump Station, $1,855,614.00

  

Lender Sales: 10 lenders sales in three weeks: Total volume for nearly $831,764 average price approximately $84,000

 

LPP Mtg., Ltd. (7195 Dallas Parkway, Plano, TX 75024) to Aaron L Green (3270 Redwood Dr., Alex., LA 71301) - Lot 8, Blk 4, Roberts Addn. (55 Mary St., Alex., LA 71301), $9,000.00

 

Federal Home Loan Mtg. Corp. (5000 Plano Parkway, Carrollton, TX 75010) to Dominion Rentals & Property Management, LLC (711 Sweetbriar Dr., Alex., LA 71301) - Lot 3, Sq 33, SAL Co. Addn. (2219 Mills Road, Alex., LA 71301), $39,000.00

 

Sec. of HUD (1670 Broadway St., 21st Floor, Denver, CO 80202) to Christopher S & Andrea M Hebron (3116 Donahue Ferry Road, Pineville, LA 71360) - Lot 51, West Lakes Estates, Phase I, $200,100.00

 

LPP Mtg., Ltd. (7195 Dallas Parkway, Plano, TX 75024) to Gary Cathey (5235 St. Germain, Alex., LA 71303) - Lot 3, Parkland Addn. (3360 Halsey St., Alex., LA 71301), $43,000.00

 

Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to GT Management of Cenla, LLC (6411 Shreveport Hwy., Pineville, LA 71360) - Lot 8, Sq 15, Earnest & Smith Addn. & mobile home, $10,500.00

 

Stone Financing, LLC (16260 North 71st St., Scotsdale, AZ 85254) to Jason M & Ashley J Boone (110 E Martial Ave., Apt. 2111, Lafayette, LA 70508) - Lot 38, Beau Chene Subd., Phase II (113 Iberia Land, Pineville, LA 71360), $245,000.00

 

Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 100, Dallas, TX 75254) to David G Gravel (P O Box 5066, Alex., LA 71307) - Lot 1, Blk 5, Mimosa Place Addn. (2802 Marye St., Alex., LA 71301), $299,900.00

 

The Evangeline Bank (3700 Jackson St., Alex., LA 71303) to Vilar Properties, LLC (1003 Maureen, Alex., LA 71303) - Lot 18, Sq 6, Plantation Acres Subd., Part III (1930 Plantation Dr., Alex., LA 71301), $86,000.00

 

U S Bank (350 Highland Dr., Lewisville, TX 75067) to KPRO Enterprises, LLC (5411 Coliseum Blvd., Alex., LA 71301) - Lot 15, Sq G, Martin Park (3911 Jennifer St., Alex., LA 71302), $65,000.00

 

The Bank of New York Mellon (101Barclay St., 4-West, New York, NY 10286) to KPRO Enterprises, LLC (5411 Coliseum Blvd., Alex., LA 71301) - Lot 24, Pinebrook Estate Subd. (6650 Eastbrook Trace, Ball, LA 71405), $70,299.00

 

Interest rates, 30 year rate was 4.47% this week is 4.56%, the 15 year rate was 3.49% this week it is 3.56%. Approaching 5% for 30 years and 4% for 15 years.

 

Robert Kinberger weekly comparisons

 

Indices

 

Last

Last Week

YTD return %

DJIA

14840.95

14963.74

13.25%

NASDAQ

3620.30

3638.71

19.90%

S&P 500

1638.17

1656.96

14.86%

MSCI EAFE

1711.89

1735.38

6.73%

Russell 2000

1026.94

1036.20

20.91%

 

Consumer Money Rates

 

Last

1-year ago

Prime Rate

3.25

3.25

Fed Funds

0.08

0.15

30-year mortgage

4.51

3.59

 

Currencies

 

Last

1-year ago

Dollars per British Pound

1.550

1.583

Dollars per Euro

1.324

1.253

Japanese Yen per Dollar

98.360

78.750

Canadian Dollars per Dollar

1.053

0.988

Mexican Peso per Dollar

13.296

13.279

 

Commodities

 

Last

1-year ago

Crude Oil

108.80

95.49

Gold

1411.86

1659.08

<br />

Bond Rates

 

Last

1-month ago

2-year treasury

0.39

0.30

10-year treasury

2.76

2.61

10-year municipal (TEY)

4.92

4.60

 

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KSYL News

The KSYL Morning Report

Monday Thru Friday 7:10a

Host

Dave Graichen

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The CBS World News Roundup

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This Is OUR News Commitment!

 

Local News
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Weekends

 

All Weekend Long

It's a

Political Free Zone!

Rod Noles, Kim Komando, Gary Sullivan, The "Weekend" Roundup, Leo Laporte, Art Bell, The Real Estate Show, Bill Handel, Chef John Folse "Stirin' It Up" The "Talk Radio Countdown"..

A Veteran Died Today

Lynn Rollins

"A Veteran Died Today"

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Chef John Folse

Chef John Folse & Company

"Stirin' It Up"

Saturday At Noon!

 

 

 

Eastleigh Farms

Eastleigh Farm

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