In a world with a steadily slowing down the economy, the real estate market usually is an indicator of where it will go-either it will grow, showing that the economy will get better.

It can also experience a slowdown, in which case, it means it'll be a hard time ahead too. KTBS reported that the real estate market was said to be slowing down as well, declining 0.9%.

That is not the case in the Shreveport-Bossier area, however. A quick look at the Provenance community in southern Shreveport reveals that the area is different from the national situation.

Observers like Scott Hughes of the Northwest Louisiana Association of Realtors revealed that data from Shreveport tended to show them to be a couple of years behind or ahead of the latest figures. The Shreveport-Bossier data revealed the latter to be true this time.

Around 4,838 homes were sold in Northwest Louisiana in 2017, good for a 5% value. In 2018, there were 5,084 homes that were sold in Northwest Louisiana, posting a rating of 5% the second time. In 2019, the numbers have stayed consistent showing 10% of homes were sold when the past three years are combined.

Foreign purchases of US homes have dropped by half over the last two year due to issues with trade agreements and tariff concerns. The biggest of these has been the issue with China over trade. This has affected markets from New York City, Miami, and to different cities in California, the Wall Street Journal reported.

A little less than $78 billion of a residential estate in the country have been bought by foreigners. The value showed a 36% decline from the previous year's $121 billion, according to a report from the National Association of Realtors.

The pullback has started price cuts in several cities near the coast and has also made a lack of clients more prevalent amongst condominium homes.

Purchases by foreigners have actually neared their lowest level since 2013. That was the year when China, among with other foreign buyers, first entered the US market in droves, searching for a better life as well as assets in which to stow their capital away.

The rest of the country certainly hopes that what's happening in the Shreveport-Bossier area will spread to other states, more notably in New York and Miami. The last two months have seen an uptick in the upscale market of the area, which had been in a dormant state for the past couple of years.