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.)
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
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Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).
A Scott businessman has pleaded guilty to failing to report a conspiracy to award Opelousas Housing Authority construction bids to his company.
Court-appointed examiner says Lafayette businessman was “effectively on both sides” of transactions, opens door for legal action against him.
Lafayette-based insurance broker/risk management group bought by Florida firm for undisclosed sum; principals Landry and Harris continue to run local operations.
The House labor committee rejected bills Thursday that would have set the state minimum wage higher than the hourly federal rate of $7.25 and would have allowed local governments to set their own minimum wage.
Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,101 from the previous week's total of 1,985. There were 2,444 initial claims during the comparable week in 2013.