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.)
The Louisiana Workforce Commission said Friday that initial claims rose to 2,125 from the previous week's total of 1,964. There were 2,887 initial claims during the comparable week in 2013.
Oilfield service company’s year-over-year revenues climbed 3.7 percent.
Move is part of company-wide consolidation of residential call centers.
Contentious deposition renders LOGA chief too ill to testify. Here's why.
Proposal for the upcoming legislative session would set Louisiana’s minimum wage at $10 per hour, beginning in 2015, up from the federal rate of $7.25 per hour.
Patrick Kane II recalls his mother awakening him 50 years ago to say his dad’s plane was missing.
His health affected by a contentious deposition last week, the LOGA chief says he can't testify (court will reconvene March 10).
Chair of the energy committee, Mary Landrieu (discussing the urgency of Keystone with Canadian Foreign Minister John Baird) should get the respect she deserves in Louisiana.
A fundraiser co-chaired by former U.S. attorneys from both sides of the political aisle could signal the end of Mike Harson’s long grip on the D.A.’s office.
Former W. Home Furnishings owner Rene Ward faces seven years in prison.
Stuller’s Danny Clark focuses on satisfied customers and effective employees as he settles in as the company’s president/COO.
Sterling Ford-Lincoln of Opelousas ribbon cutting and the State of the Parish address
Increases in higher-end home sales say a lot about the health of the overall market.
Who joined whom or got promoted?
World-class athlete riding high in custom bike biz.
Setting the record straight on that February story in HuffPo
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A one-man operation, Brett Gauthier is bringing the oil and gas industry into the age of digital animation.
Planning a meeting with results
Local Ad Fed’s Copywriter of the Year and recently named creative director at Russo tapped for Boston Marathon project.
Forecasts for more frigid weather drive prices to highest level in four years.
CiCi's Pizza on Johnston Street will be torn down to make way for popular bakery-café Panera Bread's first Lafayette store.
A computer services company announced Tuesday that it plans to open a new technology center in Bossier City, creating 800 new jobs and bolstering efforts to position northwest Louisiana as a center for cybersecurity work.
The four-week moving average, which is a less volatile measure of claims, decreased to 2,332 from the previous week's average of 2,566.
Auto dealership welcomes the community to celebrate