This is the Acadiana Business e-mail newsletter from The Acadiana Advocate.
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The Advocate
Thursday, August 25th, 2022
 
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Home purchase mortgages in Lafayette area down 16.7% from a year ago

By ADAM DAIGLE | Acadiana Business Editor​ ​ ​

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

The slowdown of the real estate market continues. The Lafayette area had the biggest year-over-year drop in mortgages to purchase a home among the state’s five metros in the second quarter, and the refinance mortgages dropped over 50%.

What's more telling? Rising home prices have resulted in a national median down payment that rose 34% in the second quarter, while the median loan amount was at $320,000, up 8% from the first quarter.

You can read the story here.   

Have a great day and see you back here Friday morning. 

 
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Biden's loan 'forgiveness' program's pluses, minuses -- and how they could affect Louisianans

A University of Louisiana at Lafayette economist says if the Biden administration “forgives” up to $10,000 of student federal loans — twice as much for those who received federal Pell Grants — it may make a substantive dent in what the individual student owes. Read more

What started with planting live oaks at a Louisiana university became a society in 14 states

Lafayette native Pat Trahan took up walking between her job in Lafayette's Oil Center and her home near downtown a few years ago, exercise that afforded her the opportunity to cross the campus of her alma mater, the University of Louisiana at Lafayette. Read more

Acadiana newsmakers: Missy Andrade named president and CEO of Community Foundation of Acadiana

Missy Bienvenu Andrade was named president and CEO of the Community Foundation of Acadiana. Read more

 
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