Since the beginning of the year, we have seen a slight increase in the number of REO listings in our area.
As of April 15th, REOs, or bank owned properties, represented 3.3% of the active listing inventory in Lafayette parish and 4.75% in all the Acadiana area. Since the beginning of the year, REOs have accounted for about 8% of all home sales in Lafayette parish and 14% in Acadiana.
In September of 2009, I wrote about the foreclosure rate in Acadiana and Lafayette parish. At the time, active listings represented 1 to 2% of our inventory in Lafayette and Acadiana.
Foreclosures and REO listings are on the rise in Lafayette and Acadiana. If you are a buyer or an investor, it means that there are some great deals out there. Let me help you find what you are looking for! Email me today or click on logo below to visit my web site.