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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
Very Slow week only three days of business last week: Great time for our audience to call with questions, corrections or answers to my questions for assistance from drive by reporters.
Ate so much over the holidays I cut myself shaving and gravy came out.
Christmas gifts ideas.
1. River Oaks porch sale this this Saturday starting at 9:00 am. Share the Debbie Barns shopping trip for Ray Frye
2. Phone number for the book store is 205-870-4242 email address is firstname.lastname@example.org approximately $35 to $45 per month for autographed first edition books mailed to you each month. Great way to pass on a library to a loved one.
New Spirits Restaurant is better than my highest expectation asked Lee Gwinn to call in and tell us about this dream
Every Deal has a Tale / Tail:
Real Estate Partners of Lee Street, LLC Ted Kergan I think he owns Sonics(P O Box 80154, Lafayette, LA 70598) to Price Co Development Corp. (1935 Melrose St., Pineville, LA 71360) - Tract in Sec 46, T3NR1W (4812 Lee St., Alex., LA), $75,000.00. Looks like Ronnie Price purchased closed Sonic on Lee street extension for only $75,000 keep your eye on this property
Cenla Real Estate Rentals, Inc.Dewey Helverson (105 Bolton Ave., Alex., LA 71301) to Douglas J Selman, Jr. & Candace D Selman (139 Chris Lane, Pineville, LA 71360) - Lots 9-12, Sq 26, West Alex. Addn., $69,900.00. This is the corner of Bolton through to 16th at Levin. Doug might be using this for his disaster relief or roofing company. I think this was Dewey’s Helverson’s used car lot?
Cold Storage owned by Robert Wolfe is being demolished at corner of MacArthur and Government Street, second property this month that Robert Wolfe is returning to “green site”. Robert Wolfe is extremely smart has lots of experience and his activity on demo is telling us something about the market.
This is site number 4 that we have covered this quarter on this show where the building is coming down.
1. Former Burger King on MacArthur
2. Spencer Marks on Jackson Street extension, is now one beautiful site
3. Robert Wolfe close to corner of Jackson and Dorchester
4. Now cold storage at Government and MacArthur
Can drive by reporters think of other sites that have recently witness demolition? What does this tell us about the market?
Emails from Listeners: had few folks email me about the “deal they missed this year” and it got me to thinking about the ones that got away in 2013 and my choice so far is former Damico’s restaurant downtown. Mark Atwood purchased for $108,000. Ask the audience to call in for the deal they missed this year.
People not property: I have resigned from LREC and have asked the Governor to appoint someone from Central La. Ask our audience who they would appoint to fill my position from Central La.
(+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.
Legal recorder data: business days from time period of November 25, 2013 to November 29, 2013
(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: I had predicted slow week with Thanksgiving providing short business week. Only 27 sales through Wednesday volume of $3,429,397
(-1.25) Lot sales: To rank positive score need one sale the market gave us zeroes
(-1.25) New home sales: looking for one new home sale market gave us zero
(+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 zero
Interest rates: 30 year rate was 4.34% this week is 4.43%, the 15 year rate was 3.39% this week it is 3.46%
Couple of National stories
Amazon PR for cyber Monday was best I have ever seen: CEO Jeff Bezos interview on 60 minutes which happened to mention future possibility of drones delivering packages to consumer’s door step was picked up by every network on Cyber Monday. We even made a $28 purchase from Amazon
FDIC quarterly Ranking: Red River Bank made top 10 Largest Banks in the State competing with all big banks.
1. 34% Red River Bank
2. 19% Capital One
3. 15% JP Morgan Chase
4. 9% Evangeline Bank
5. 6% Regions
Front page Tuesday WSJ headlines read: Tally of U.S. Banks Sinks to Record Low
1985 was the year I was appointed to Security Bank Board, I was 35 years old. At that time there were 14,000 banks in American. I can remember Scotty Brame telling me “Rod by the time you are 60 America will have less than 7,000 banks. Scotty missed that prediction by three years.
6,891 is the number after the third quarter, lowest since regulators have begun keeping tract in 1934
18,000 banks at the peek
10,000 left the market between 1984 and 2011 almost entirely from banks with less than $100 million in assets
we are seeing fewer branches 3.2% decline nationwide from last year. Count how many locally have closed or announced to close
Three reasons for losing 10,000 banks during that period 17% of them failed, mergers and consolidations
One way banks grow is to buy smaller banks this activity is down 25% from 2012 only 89 sales of branches and Central La had 3 of those.
Very few startups this next comment is true but sounds unbelievable since December 2010 only Bird-In-Hand Penn opened a new bank. The bank’s name is Bird-In-Hand Bank
Over All bank deposits have grown despite drop in institutions
Give us your “Black Friday midnight story”
Great week for SEC football: our son Jeff and my wife Marilyn joined me for LSU / Ark game oh what fun and then Saturday night I am playing poker at Marksville sitting next to young man named Jordan who was an Auburn alumni and won $27 dollars and saw an unbelievable ending to great game.
Top it off for week end football we had previously planned to attend out of town Saints game and changed our minds about traveling to Seattle for Monday night game against the Sea Hawks. What a lucky decision.