Lafayette Housing Market

I would wait a little longer. The fun is just getting started

There is going to be 100+ houses going into preforeclosure in the next 60-90 days from what I have been told recently. The foreclosure process in LA can take years though due to being a judicial state so those houses won't be on the market anytime soon. The current repo inventory is down over the previous years until those houses actually move past 90 days past due into foreclosure proceedings but that just tells you there is going to be more supply than demand as more people fall behind and try to sell and avoid foreclosure.


My thread on the way things are trending

cookie cutter houses are still going for 140 to 145 sq/ft even in youngsville. wait another year.

I would have expected more in the nicer zip codes, 07 is the hood

quote:

---

Opelousas for example and it's all hood

---

Tap out
Affliction

The market for buying a rental in Lafayette is really no different than 1 or 2 years ago. Houses below $200k have seen little to no change in activity. If your goal is to take advantage of the oil and gas layoffs then you need to wait.

new Iberia has gotten hit hard. There are many families and businesses that rely on the port of Iberia. If you've been to the port lately it is an absolute ghost town. It's really depressing.