Quantcast

Shreveport- Bossier housing market "balanced" - KTBS.com - Shreveport, LA News, Weather and Sports

Shreveport- Bossier housing market "balanced"

Posted: Updated:
SHREVEPORT, La. -

Recent reports show home prices rising, which leave fewer homeowners owing more money than their properties are worth. That helps boost the nation's surging housing market.

But the Shreveport- Bossier market is not like the national market.

"Housing is very much like the weather: it may be rain and storm in one area of the nation, and not in another," said Carolyn Grimsley, president of the Northwest Louisiana Association of Realtors.

With more than 20 years under her belt, Grimsley has seen the market go up and down.

"Here is Louisiana, especially in the northwest, we have what's called a balanced market," she said. "That means it takes roughly six months for our inventory to be absorbed."

Grimsley said the market is steady with a slow increase in prices which works out for both parties involved.

"It allows homeowners to put their homes on the market," explained Grimsley. "We have enough buyers in the market that they will receive an offer when its priced right. We also have buyers in the market that have enough inventory to choose from. They're not scrambling and five buyers fighting over one house."

Homes in northwest Louisiana sell for an average of $170,000. That is more than the national average at $168,000.

Grimsley said those "normal prices" are attractive to businesses, and gives them reason to locate here.

"When you bring a business into an area, you also [need] housing for those employees," said Grimsley. "That's another driver of our particular economy."

Grimsley said areas like California have a housing shortage. That means there buyers are in bidding wars with one another and the prices keep rising.

  • News NowMore>>

  • 10 Things to Know for Friday

    10 Things to Know for Friday

    Friday, April 18 2014 5:49 AM EDT2014-04-18 09:49:48 GMT
    Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday:
    Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday:
  • Avalanche sweeps Everest; 6 killed, 9 missing

    Avalanche sweeps Everest; 6 killed, 9 missing

    Friday, April 18 2014 5:39 AM EDT2014-04-18 09:39:53 GMT
    A Nepalese tourism official says six local guides have been killed and nine more are missing after an avalanche swept a route used to ascend the world's highest peak.
    A Nepalese tourism official says six local guides have been killed and nine more are missing after an avalanche swept a route used to ascend the world's highest peak.
  • Michael White named best in state; Tech hopes he stays

    Michael White named best in state; Tech hopes he stays

    Thursday, April 17 2014 11:55 PM EDT2014-04-18 03:55:18 GMT
    Louisiana Tech men's basketball head coach Michael White has been selected by the Louisiana Association of Basketball Coaches as the Louisiana Major College Coach of the Year for 2014.
    Louisiana Tech men's basketball head coach Michael White has been selected by the Louisiana Association of Basketball Coaches as the Louisiana Major College Coach of the Year for 2014.
  • ArkLaTex SlideshowsMore>>

  • Celebrate Education 2014

    Celebrate Education 2014

    Thursday, April 17 2014 3:30 PM EDT2014-04-17 19:30:00 GMT
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
    CELEBRATE EDUCATION, and it begins next week at the Shreveport Convention Center.
  • KTBS 3 St. Jude Dream Home.

    KTBS 3 St. Jude Dream Home.

    Thursday, April 17 2014 3:04 PM EDT2014-04-17 19:04:35 GMT
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
  • KTBS 3 Easter Basket Giveaway

    KTBS 3 Easter Basket Giveaway

    Tuesday, April 15 2014 4:48 PM EDT2014-04-15 20:48:59 GMT
    Members of the KTBS 3 News team partnered with Loyola College Prep, Holy Trinity Catholic Church and the Knights of Columbus this morning.  We delivered Easter packages filled with food to those less fortunate.
    In the spirit of Easter, members of the KTBS 3 News team partnered with Loyola College Prep, Holy Trinity Catholic Church and the Knights of Columbus this morning.  We fanned out across the area, delivering Easter packages filled with food to those less fortunate this year.  Please join us in wishing everyone  Happy Easter!
  • Assignment EducationMore>>

  • Celebrate Education 2014

    Celebrate Education 2014

    Thursday, April 17 2014 3:30 PM EDT2014-04-17 19:30:00 GMT
    Community Projects Director Jan Elkins with donors for the KTBS 3 St. Jude Dream Home.
    CELEBRATE EDUCATION, and it begins next week at the Shreveport Convention Center.
  • Louisiana Tech to showcase innovation, entrepreneurship at annual ‘I-20 Top 20’

    Louisiana Tech to showcase innovation, entrepreneurship at annual ‘I-20 Top 20’

    Thursday, April 17 2014 2:31 PM EDT2014-04-17 18:31:46 GMT
    University Hall at LA TechUniversity Hall at LA Tech
    Business and community leaders, technology entrepreneurs, and leaders in innovation throughout north Louisiana will gather at Louisiana Tech University, April 29 for the second annual I-20 Top 20 Regional
    Business and community leaders, technology entrepreneurs, and leaders in innovation throughout north Louisiana will gather at Louisiana Tech University, April 29 for the second annual I-20 Top 20 Regional Showcase.
  • Education chief gets favorable job review

    Education chief gets favorable job review

    Wednesday, April 16 2014 8:41 AM EDT2014-04-16 12:41:51 GMT
    John White, LA Superintendent of EducationJohn White, LA Superintendent of Education
    State Superintendent of Education John White has received a favorable job evaluation. The review was done by the state Board of Elementary and Secondary Education. Board President Chas Roemer announced
    State Superintendent of Education John White has received a favorable job evaluation.
  • NationalMore>>

  • Views differ of imam accused in US terrorism case

    Views differ of imam accused in US terrorism case

    Friday, April 18 2014 6:21 AM EDT2014-04-18 10:21:00 GMT
    A New York jury has heard two widely differing descriptions of an Egyptian imam accused of carrying out terrorism offenses while he led a London mosque.
    An Egyptian imam who led a London mosque more than a dozen years ago was portrayed in opening statements at his terrorism trial as an enthusiastic supporter of al-Qaida by a prosecutor and as a reasonable man who helped...
  • Remembering an officer slain after bombs went off

    Remembering an officer slain after bombs went off

    Friday, April 18 2014 6:01 AM EDT2014-04-18 10:01:29 GMT
    Relatives of the police officer authorities say was killed by the Boston bombing suspects are remembering him a year later.
    Like many other youngsters, Sean Collier wanted to be a police officer. Unlike most, he brought that dream to life - and then died doing it, becoming a central character in one of the most gripping manhunts the nation has...
  • Student struggles to recount fatal truck-bus crash

    Student struggles to recount fatal truck-bus crash

    Friday, April 18 2014 3:50 AM EDT2014-04-18 07:50:56 GMT
    Most of the 911 calls from witnesses to last week's fiery truck-bus collision that killed 10 were matter of fact. Then there was the one from a passenger: With shrieks in the background, the student struggled...
    Most of the 911 calls from witnesses to last week's fiery truck-bus collision that killed 10 were matter of fact. Then there was the one from a passenger: With shrieks in the background, the student struggled to...
  • KTBS 3 News Tips

    Send your news tip or story idea to the KTBS 3 Newsroom.  Enter your email address below to get started.

    * denotes required fields
    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thank you for your submission to KTBS 3 News.  A member of our staff may contact you for more information.

  • Local NewsMore>>

  • State government offices closed for Good Friday

    State government offices closed for Good Friday

    Friday, April 18 2014 5:56 AM EDT2014-04-18 09:56:49 GMT
    State government offices are closed for the Good Friday holiday, in advance of Easter.
    State government offices are closed for the Good Friday holiday, in advance of Easter.
  • 10 Things to Know for Friday

    10 Things to Know for Friday

    Friday, April 18 2014 5:49 AM EDT2014-04-18 09:49:48 GMT
    Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday:
    Your daily look at late-breaking news, upcoming events and the stories that will be talked about Friday:
  • Avalanche sweeps Everest; 6 killed, 9 missing

    Avalanche sweeps Everest; 6 killed, 9 missing

    Friday, April 18 2014 5:39 AM EDT2014-04-18 09:39:53 GMT
    A Nepalese tourism official says six local guides have been killed and nine more are missing after an avalanche swept a route used to ascend the world's highest peak.
    A Nepalese tourism official says six local guides have been killed and nine more are missing after an avalanche swept a route used to ascend the world's highest peak.
Share Your Images
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KTBS. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
    Advertising | EEO Public File | KTBS 3 Public File | KPXJ 21 Public File