1 – Crazy low rates
Per experts like Van Eaton & Romero CEO Bill Bacque, the current interest rates can mean huge savings. For example, even one percentage point can mean a $20,000 difference in the home you can buy. But they won’t last forever. Wait a year and you could get a lot less home for your buck.
2 – Supply and demand
The amount of supply is beginning to diminish, according to Bacque, which equals a rise in prices. If you’re looking for something specific, the time to buy is now before the selection declines.
3 – Prices are good … for now
The combination of low rates and decreasing supply adds up to one sure-fire thing — higher prices. According to Coldwell Banker COO Steven Hebert, in the first quarter of 2013 the parish’s average has moved up by 8 percent. While he notes other factors could be at work and a low sample size, the market is primed for prices to start moving up.
4 – Feature wars
In an attempt to snag buyers, new homebuilders are increasingly including lux features at more moderate price points. Think granite counters and sumptuous bathrooms in the $200,000 range.
5 – Location, location, location
Whether you’re looking for a quiet respite in south Lafayette Parish or the thriving beat of downtown, the powers that be are working to make it all a bit better. From Mayor Charlie Langlinais down in Broussard pushing for the kind of businesses that mean total convenience for residents to DDA’s Nathan Norris and a vivid vision for an improved downtown and the efforts of Upper Lafayette for planned growth, the people with influence around the parish are in their own kind of feature war. It means whether you want urban living or suburban bliss, someone’s working to make sure you want to be there and stay there.
6 – Timing is everything
Spring and summer are the peak selling seasons for real estate. Chances are more likely for that dream home to get snatched up between now and the end of summer. The average home (based on first quarter reports) is staying on the market 93 days this year compared to 110 last year.
7 – Lafayette rocks
If you’re a current homeowner, read on. But for the renters out there — there’s no place like Lafayette and you’re going to want to stick around a while. While Lafayette “rocking” is pretty ambiguous, there’s an intangible but clear value that can be placed on the influx of tech business, rich cultural offerings and truly unique culinary choices. The community at large is a thriving one full of cool people doing cool stuff. So, put a ring … or a deed on Lafayette already. (More than 300,000 Festival-goers can’t be wrong.)
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
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The Memphis based investment firm Wunderlich recently arrived in Louisiana with the opening of a wealth management branch in Lafayette.
Broussard will soon be the site of a new Courtesy Automotive dealership.
Event addresses the industry’s growing need for qualified employees by providing an industry specific networking event.
Attorney General Buddy Caldwell’s office announced Thursday that AT&T Mobility has agreed to a $105 million settlement with Louisiana and the other 49 states over allegations that the company added third-party charges to AT&T customers’ bills without their consent or knowledge.
Investors aren’t enthusiastic about parent company Gannett’s spinoff plan, and that’s bad news for employees.
Lafayette Consolidated Government was the victor at the 3rd Circuit Court of Appeal in a suit brought against it by a billboard company that argued new(ish) zoning regulations prevented it from making good on a contract.
The state labor department figures released Friday show the initial claims increased to 2,081 from the previous week's total of 1,887. For the comparable week a year earlier, there were 2,456.
The U.S. rig count peaked at 4,530 in 1981 and bottomed at 488 in 1999.
The U.S. Attorney in New Orleans says a Slidell man has pleaded guilty to fraud in connection with a claim he filed related to the 2010 Gulf of Mexico BP oil spill.
Lawmakers and business leaders are pressing Gov. Bobby Jindal's administration to pledge the financing needed to keep open a 25-year-old program that helps small businesses apply for government contracts.