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Interest rates, Rent, and inflation are all skyrocketing!!|The Lafayette’s Market Update

Week 3 for April’s Lafayette Update is here!

Interest rates, Rent, and inflation are all skyrocketing!!

What will happen to the real estate industry, and how can you protect yourself?

The experts are predicting that rates will continue to rise but likely at a more moderate pace. This current lack of inventory is contributing to a seller’s market. The average price for the first quarter of 2022 has increased from $251K to $271K. That is an 8% increase year over year.

So the big question people have been asking is what will happen to home prices as interest rates rise?

If you are a homeowner, investor, or interested in buying a home in Lafayette, find out how our sales, supply, pending, and Interest rates are holding up thus far. Keaty has all of the data that you need!

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You can also stay tuned on our platforms for more on our Lafayette Market!

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