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.)
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
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Hampton Toyota has been serving Acadiana as the premier Toyota dealership for more than 10 years. And now, the glossy Johnston Street dealership is looking forward to a makeover.
Even when Floyd Degueyter is on “vacation” he’s hard at work.
As the second largest metal heat treating company in the country, Analytic Stress Relieving Inc. has grown by leaps and bounds since its inception in 1979.
When the Prohibition era came to an end in 1933, Joseph R. Streva saw an opportunity to make a little extra money to supplement his day job.
When a hurricane hits, Brent Mouton doesn’t run. The convenience store chain owner is proof that the challenges of mother nature can almost break a business, but Mouton learned to grow out of temporary closure from near devastation in 2002 and of lost potential revenue.
By launching a Super PAC to end all Super PACs, our Top 50 keynote speaker hopes to change the game in Washington.
Oil Center-based private facility extends its offerings with special events venue in failed women’s store.
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Newspaper industry insiders question John Georges’ expansion plan.
How the U.S. has gotten itself into another fine mess
The Heymann Center was transformed into a culinary adventure in mid-June for the EatLafayette kick-off event, A Taste of Lafayette, and for the third consecutive year, a sellout crowd filled the Cajundome Convention Center June 19 to hear LEDA chief Gregg Gothreaux’s State of the Economy report.
A look at recent hirings, promotions and other announcements from Acadiana's business community.
Anne Pyle puts a bow on a stellar, expectations-defying career with her latest venture.
The company currently has 10 branches throughout Louisiana, including an Ambassador Caffery location which opened last year.
Lawmakers have added $15 million to the attorney general's budget to pay for Louisiana's ongoing legal case against BP for damages caused by the 2010 Gulf oil spill.
The state's jobless rate rose to 5 percent in June from 4.9 percent in May. Louisiana's unemployment rate was 6.4 percent in June 2013.
Long-established private club opening special events venue in failed women’s store at Kaliste Saloom Road and Camellia Boulevard.
High-dollar legal teams are preparing to spar in federal court over the regional levee authority’s historic lawsuit against oil and gas companies, but a panel of volunteers could preempt those efforts when they meet in August.
May sales, the highest on record for the month at $534 million, increased 6.1 percent over May 2013.
Trendy Shi Shi is heading to the Ranch, longtime retail institution Partners’ Ltd. is relocating to Parc Lafayette, and ariel artist haven Vertical Barre is moving downtown.
There’s another debit/credit card scam making the rounds — the second this year — this time via a robo call purportedly from MidSouth Bank.
The 2014 Louisiana Annual Sales Tax Holiday exempts the first $2,500 of the purchase price of each eligible item for non-business use when the customer buys and accepts delivery of eligible property or places property on layaway.