Home sales are still very strong so far this year in Lafayette and in Acadiana. I have to admit that in my 6+ years in this business, I had never such high numbers. I am told that these are comparable to what was seen after Katrina in 2005 and 2006.
While home sales have been climbing steadily since the beginning of the year, pending sales have stabilized in the past couple of months.
Interest rates have been on the rise in the past couple of weeks and we may not see anything under 4% again for a while, if ever. Rates are climbing and prices appear to be doing the same, so if you are still on the fence about buying a home, now may be perfect time to jump off the fence!