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The Advocate
Wednesday, August 23rd, 2023
 
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Real estate market cool down continues

by Adam Daigle | Acadiana business editor​ ​ ​

Good morning, Acadiana business news readers. Let's get to the headlines.

The real estate market is showing more signs of cooling in Acadiana and across the state. Home price growth in Louisiana cooled off in the second quarter, the fourth straight quarter to do so, and is expected to decline in the fourth quarter, one economist said.

In the Lafayette MSA, the median residential list price dropped 10% in April, the lowest among the state’s nine MSAs, compared to a year ago. Also in April, 30% of all active listings were reported to have dropped the list price on the property, data shows, as all but two MSAs topped 30%.

Check out the story here. 

Thanks for reading and have a great day 

 
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Lafayette Parish Council admonishes library board, president over NE library

If the Lafayette Parish Library Board of Control doesn’t buy land for a Northeast Regional Library soon, the Parish Council might. Read more

Lafayette to open cooling station as we enter hottest part of summer

With some of the highest temperatures of the summer forecasted in the coming days, Lafayette Consolidated Government will open a cooling station for anyone who needs a safe place to escape the excessive heat. Read more

Popeyes re-enters China market with chicken, seafood burgers and tea-flavored milkshakes

Record crowds came out over the weekend for the opening of Popeyes' first flagship restaurant in Shanghai, part of the company's plan to open 1,700 locations across China over the next 10 years. Read more

 
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