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The Advocate
Thursday, March 2nd, 2023
 
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Home purchase mortgages in Lafayette area down nearly 50% in fourth quarter

by Adam Daigle | Acadiana business editor​ ​ ​

Good morning, Acadiana business news readers. Let's get down to the business news of the day. 

Another indicator of the cooling local real estate market came down this morning: the number of home purchase mortgages in the Lafayette area dropped in the fourth quarter by 41% from the third quarter. It's the lowest total since the second quarter of 2016.  

And refinances, which were extremely popular when interest rates hit historic lows, dropped 27% compared to the third quarter and 73% from a year ago. 

How much the market continues to contract is anyone's guess, but with inventory as tight as it is, the worst may be yet to come. 

You can read the full story here. 

Have a great day.

 
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Lafayette-based insurance agency acquired by Hub International

A Lafayette insurance agency has been acquired by the global insurance brokerage and financial services firm Hub International Limited. Read more

Meet the 2023 Festival International artist and get a preview of official pin and poster

This year's official visual artist for Festival International de Louisiane was unveiled Sunday, along with the music lineup for the event, including headliner Lauren Daigle. Read more

Acadiana newsmakers: 11 from Lafayette selected for Leadership Louisiana course

Eleven from Acadiana were chosen to the 2022 class of Leadership Louisiana, which starts with a three-day opening retreat in Lafayette. Read more

 
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