So I was a little surprised when I pull the stats for June this morning to find that home sales were slightly down in Lafayette and Acadiana. I shouldn’t have been, though, because we are starting to hear from lenders that loan processing is backed up and taking more time than usual. Contract extensions are becoming common again.
Pending home sales, meanwhile, remain high at 754 for Acadiana and 512 for Lafayette parish. Perhaps another sign that deals are not closing very fast. Last year at this time, there were 502 sales pending in Acadiana and 323 in Lafayette parish.
Questions? Comments? Feel free to leave me a note here or contact me today to start you home search or home selling process.