1993 to 1994 New Orleans Metairie Kenner LA Real Estate Investment Appreciation

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Appreciation for MSAs:.

New Orleans Property Rehab

New Orleans is a great place for Real Estate Investors with all of the Rehab Properties available. Rehab properties present a great opportunity to buy real estate at a discount, complete some improvements and turn a nice profit. The key to successful Rehab in New Orleans is the right financing. There are a lot of Hard Money Rehab options available for New Orleans, and with the right appreciation it may even be worth holding as a long term investment. Most Hard Money Rehab lenders will allow you to finance 100% of Acquisition, Repairs, Closing Costs and sometimes interest payments. Although Hard Money Rehab Loans can be expensive they are a great way to take advantage of opportunities like the ones available in New Orleans.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The New Orleans Metairie Kenner, Lousiana MSA appreciated + 9.47% (+ 4.73% yearly) between 1993 and the end of 1994.

The state of LA had + 10.01% total appreciation (+ 5.00% yearly). The state average for Lousiana was higher than the real estate appreciation in the New Orleans Metairie Kenner, Lousiana MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 5.71% faster than this MSA.

New-Orleans-Metairie-Kenner-LA

Year	Quarter	Price Index	Quarter Increase or Decrease	Annualized
1993	2	91.82	+ 1.92%	+ 7.68%
1993	3	93.52	+ 1.85%	+ 7.41%
1993	4	95.03	+ 1.61%	+ 6.46%
1994	1	96.93	+ 2.00%	+ 8.00%
1994	2	98.56	+ 1.68%	+ 6.73%
1994	3	99.19	+ 0.64%	+ 2.56%
1994	4	98.62	- 0.57%	- 2.30%

Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for New-Orleans-Metairie-Kenner-LA here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Lousiana, you can do some research at Spec-Loan.com.

If you were going to do a Metairie, Lousiana Refinance, or Metairie, Lousiana Reverse Mortgages, you could estimate your home value.

If you knew your Metairie, Lousiana home was worth $87,000.00 in 1993, you could multiply by + 9.47%, add the gain and see the home should be worth $95,237.43 in 1994. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1993 to 1994:
+ 4.73%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

Lafayette-LA lost - 25.36% from 1986 thru 1987
Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 70001 - METAIRIE, LA