Acadiana Business Advocate

Thursday, June 9th, 2022

Lafayette had the biggest increase in home purchases mortgages in Q1 in the U.S.

By ADAM DAIGLE | Acadiana Business Editor

Good morning, Acadiana. Let's get down to business this morning.

The real estate market is starting to return to the means a bit, but the Lafayette area market seems to be an outlier. Data released last week showed the number of home purchase mortgages issued in the first quarter rose 16% over the fourth quarter of last year,, the highest increase among over 200 MSAs. Totals are still down from earlier due to rising interest rates, but the Lafayette market may have more steam left than most markets around the country.

You can read the story here.

Have a day and see you back here Friday morning.

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Construction begins on New Iberia development that will include Crust Pizza

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