Homes For Sale In Houma, LA – The Perfect Storm of Opportunity! | Houma LA

Just the other day I was in a conversation with one of my Business consultants, when he asked a most curious question. This is what he asked; “Tiff, with interest rates so low, do you think you can purchase more home today than a few years ago?”


Now it was a curious question that I didn’t think much about at the time. As a matter of fact, I started to say that I didn’t think it made that much of a difference. But curiosity got the best of me and I did a little investigation. And boy was I surprised at what I found.


Here is the difference today’s lower interest rates make when it comes to purchasing a home in Houma, LA. For approximately the same monthly note you paid 7 years ago for a $140,000 house, you can now get a house in today’s market in the $200,000 range. For roughly the same monthly note! That’s a sizable difference. But it shows just how huge an impact the present drop in interest rates has on buying a home.


Now the question becomes how many potential home buyers will sift through all of the negative media to uncover this jewel before it disappears again for, who knows how long?


Is this a buyer’s dream? For our area, here in South Louisiana it’s the perfect storm of opportunity. Home prices have stabilized. The newspapers are jammed with help wanted ads. The country is calling for more drilling to help curb the rising cost of energy. And, interest rates are the lowest since…well at least since I started even knowing what an interest rate was!


We here at Premiere Properties recognize that this is the perfect storm of opportunity for home buyers. But like all storms, they eventually pass. That means every month that goes by that you don’t take advantage of these interest rates, you run the risk of interest going back up. And with each tick up, you lessen your home purchasing power.  The moral of the story? Don’t let this golden buying opportunity pass you by!


Tiffany Rabalais-Owner/Broker

Premiere Properties of The South
204 Mystic Blvd - Houma, LA 70360
Office (985) 223-1777
Licensed in the State of Louisiana