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re: Condition of the real estate markets in Lafayette
Posted on 12/8/15 at 9:38 am to theoldwiseone33
Posted on 12/8/15 at 9:38 am to theoldwiseone33
Ha, well thanks oldwiseone. I guess I'm looking for a market comparison of a time frame when the real estate market was in decline and how different area's prices were affected, then compare that to today and the home prices of those same areas.
Basically how did a few specific neighborhoods in that area fair the last time there was a large housing decline, what did that decline look like for those neighborhoods, and how long did it last.
Is that something you would have access to that I could buy or do I find it and purchase it from someone else.
Thanks for the reply
Basically how did a few specific neighborhoods in that area fair the last time there was a large housing decline, what did that decline look like for those neighborhoods, and how long did it last.
Is that something you would have access to that I could buy or do I find it and purchase it from someone else.
Thanks for the reply
2
Posted on 12/8/15 at 2:55 pm to Pierre
We are in the early stages of the decline so it's hard to gauge the drop compared to last time. The last 3 months is when it sucked. For the previous decline, are you looking at a specific year? Such as 2009, 2010 or 2011? All 3 of those years were pretty rough.
Prices have only dropped slightly so far bc sellers aren't feeling the pain yet. We have about 300 more homes on the market in Acadiana this time of year compared to this time last year.
Which neighborhoods? I can answer; just need to know which ones. I can provide the info. Don't think you will find your answer in a generic report. I'm happy to customize it for you.
Prices have only dropped slightly so far bc sellers aren't feeling the pain yet. We have about 300 more homes on the market in Acadiana this time of year compared to this time last year.
Which neighborhoods? I can answer; just need to know which ones. I can provide the info. Don't think you will find your answer in a generic report. I'm happy to customize it for you.
Posted on 10/8/18 at 10:10 pm to Pierre
quote:
fair the last time there was a large housing decline
Lafayette is still technically in a decline. Don't let people tell you otherwise. I am heavily in the foreclosure industry nation wide and there were several month Lafayette was leading the nation in 90 day lates month over month of the previous just not that long ago. They still haven't fully recovered and last I checked the amount of foreclosed inventory is still the highest in LA per capita and is up there on the national level as well on a per capita basis.
Oil coming back has slowed the bleeding some but some of those jobs and companies may never fully return.
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