Two Reason To Buy Your Next Houma-Thibodaux Home Now!
There are two excellent reasons to consider buying your next home in the Houma-Thibodaux Louisiana area. Economic conditions and present low interest rates are making this area very attractive to home buyers and investors alike.
While the rest of the country is stilling feeling the effects of recession, and now faced with a double dip recession, there are some areas of the country experiencing growth in spite of economic turmoil.
Take Louisiana for example and the Houma-Thibodaux area in particular. While the country is facing unemployment figures above 9%, Louisiana’s unemployment rate is just above 7%. And the Houma-Thibodaux area is slightly above 5%.
People are finding jobs and the work appears to be steady and growing. Even in spite of the Federal Government’s stranglehold on offshore oil and gas, the industry is finding new ways to grow, and creating new jobs as a result.
Now couple that with some of the lowest interest rates in modern history and you have a buying bonanza. Most 30 year fixed rates are in the 3to 4% range. ARM’s are in the low 3% range. But that’s not the only mortgage money available. There are many other mortgage incentives to help home buyers. There are still loans in the area that offer no money down and low thirty year fixed rate mortgages.
With all of these variables in place the next thing you would expect to see are prices starting to increase. Fortunately, prices have been stable in the area. At least for now! However, if you are interested in either buying a home or investment property, now just might be the best time to go through with those plans and take advantages of some very low interest rates.