What is HOT in Shreveport Louisiana

By
Real Estate Agent with Friestad Realty

Shreveport Louisiana is a large city in Northwest Louisiana.  Shreveport and Bossier City are two cities divided by the Red River, so most real estate agents work both large cities.  So, what is HOT this summer in Shreveport Louisiana?

1.  A fair amount of people are consumed with learning about sub-surface (mineral) rights.  The Haynesville Shale was announced to be under all of us here in Shreveport and Bossier City, and land men are all over the place trying to lease sub-surface rights.  I have heard of people getting up to $15,000 in bonus money per acre and as little as $250 per acre.

2.  The rental business is really heating up.  Barksdale AFB looks like it is getting some new units, the workers that will be brought in for all the drilling of gas, and the troubled mortgage market has kept vacancies down and landlord profits up!

3.  The purchase of Rental Property are on FIRE.  Shrevport and Bossier City are one of the few cities left in America where finding CASH Positive properties is very easy!

4.  Friestad Realty is heating up rather quickly!  Friestad Realty has just added a property management division and an REO division to keep up with the trends in the real estate market here in Shreveport.

Let us help you with any real estate needs!

www.FriestadRealty.com

 

Comments (4)

Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

You might also appreciate the positive real estate data in this report:

http://www.ofheo.gov/media/pdf/4q07hpi.pdf

It shows that Shreveport/Bossier City were 122nd for POSITIVE APPRECIATION in 2007 of the 291 cities the report covers.

Also see: Louisiana was 15th in US House Price Appreciation in 2007!

Jun 19, 2008 02:36 AM
Scott Friestad
Friestad Realty - Shreveport, LA

Great reply...thank you for the stats!  What the stats do not show is that housing is so affordable that owning rental property is a no brainer here!  Most single family homes are cash positive from the date of purchase!

How do I become a member of your site?

Scott

Jun 19, 2008 02:44 AM
Charles McDonald®
Charlottesville Solutions - Charlottesville, VA
REALTOR®, Principal Broker®, Owner

I have been over the Red River many times and there are actually some very beautiful areas in your area. We have extended family outside of Alexandria.

Jun 19, 2008 03:11 AM
Leslie Stewart
Oregon Licensed Broker with Berkshire Hathaway HomeServices Real Estate Professionals - Stayton, OR
Realtor, ABR, CRS, Oregon Licensed Broker

I remember the Crawfish Boil being the hottest thing I came across down there.  Thanks for the information.  My nephew's grandparents live there and I spent a week with them.  I got my first look at fireants but the best thing was the food.  I tried boiled peanuts!!! never heard of them before and ran across them again in Maui but it wasn't the same. 

Jun 19, 2008 04:47 PM