Forbes: Shreveport's real estate market helping housing recovery - KSLA News 12 Shreveport, Louisiana News Weather & Sports

Forbes: Shreveport's real estate market helping housing recovery

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SHREVEPORT, LA (KSLA) -

The Shreveport real estate market is one of the 10 best in the country when it comes to affordable median home prices and a shrinking list of homes available for sale.

That news was recently announced by Forbes, which identified the nation's top 10 unheralded outperformers in the real estate category. Based on the latest survey of conditions in 146 major markets by Realtor.com, the following cities ranked highest for the past 12 months through December:

1. Detroit
2. Iowa City
3. Boise
4. Tulsa
5. Ann Arbor, Mich.
6. Nashville
7. Pensacola, Fla.
8. Oklahoma City
9. Corpus Christi, Texas
10. Shreveport

Forbes notes that "Shreveport is affordable, has strong job growth (unemployment rate of 5.5 percent) and has seen its median list price for houses jump nearly 3 percent during the past 12 months. The city forecasts another 1,500 new jobs to be added to the economy in 2013 – a good sign that the real estate market should remain vibrant."

"This is excellent news for Shreveport and another positive list we can hang our hats on," Mayor Cedric Glover said. "But we can't be complacent as we strive for even greater growth, expansion and the overall enhancement of the quality of life for residents throughout our city."

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