This is the Acadiana Business e-mail newsletter from The Acadiana Advocate.
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The Advocate
Thursday, September 28th, 2023
 
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Home ownership affordability improves in Lafayette Parish, yet still higher than historic average

by Adam Daigle | Acadiana business editor​ ​ ​

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

First the good news on the real estate market in Lafayette Parish: It is getting slightly more affordable. The median home price in Lafayette Parish in the third quarter dropped 4% from a year ago to $215,000 while income levels rose 7%. A year ago the median home price was up 8% while income levels were up only 2%. 

The bad news: Like just about everywhere else in the U.S. (except Shreveport), there's still lots of ground to make up. To buy a home in the parish would require 26% of annualized wages, which is up from its historic average of 22%. 

Check out the story here. 

Thanks for reading and have a great day. 

 
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Lafayette judge denies Josh Guillory's request for TRO against election challenger Monique Boulet

A judge has denied a temporary restraining order requested by Lafayette Mayor-President Josh Guillory against a challenger trying to stop his reelection on Oct. 14. Read more

LEDA's Energy Series, 2nd Chance Job Fair earns national awards

Two programs led by the Lafayette Economic Development Authority were recognized with three Excellence in Economic Development Awards during the IEDC 2023 Annual Conference. Read more

Acadiana newsmakers: Joe Zanco honored by state CPA group

Joe Zanco, president and CEO of Catalyst Bank, was named Outstanding CPA in Business and Industry by the Society of Louisiana CPAs. Read more

 
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