1996 to 1999 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.

Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.

New Orleans Metairie Kenner, Lousiana: + 17.27%
State of LA: + 17.08%
Difference: + 1.11%

New-Orleans-Metairie-Kenner-LA

Year	Quarter	Price Index	Quarter Increase or Decrease	Annualized
1996	2	108.69	+ 1.05%	+ 4.20%
1996	3	109.46	+ 0.71%	+ 2.83%
1996	4	111.5	+ 1.86%	+ 7.45%
1997	1	112.13	+ 0.57%	+ 2.26%
1997	2	112.93	+ 0.71%	+ 2.85%
1997	3	114.96	+ 1.80%	+ 7.19%
1997	4	116.9	+ 1.69%	+ 6.75%
1998	1	118.44	+ 1.32%	+ 5.27%
1998	2	119.27	+ 0.70%	+ 2.80%
1998	3	121.58	+ 1.94%	+ 7.75%
1998	4	122.72	+ 0.94%	+ 3.75%
1999	1	124.05	+ 1.08%	+ 4.34%
1999	2	125.14	+ 0.88%	+ 3.51%
1999	3	125.75	+ 0.49%	+ 1.95%
1999	4	126.14	+ 0.31%	+ 1.24%

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 $95,000.00 in 1996, you could multiply by + 17.27%, add the gain and see the home should be worth $111,410.38 in 1999. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1996 to 1999:
+ 4.32%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1996 to 1999 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Bakersfield-CA, Reading-PA, and Albany-Schenectady-Troy-NY .

Honolulu-HI decreased by - 13.65% between 1996 and 1999
Buffalo-Niagara-Falls-NY decreased by - 2.34% between 1996 and 1999
Bakersfield-CA decreased by - 0.56% between 1996 and 1999
Reading-PA decreased by - 0.46% between 1996 and 1999
Albany-Schenectady-Troy-NY decreased by - 0.38% between 1996 and 1999

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

Lafayette-LA lost - 34.71% from 1985 to 1988
Grand-Junction-CO lost - 34.70% from 1982 thru 1985
Lafayette-LA lost - 34.44% from 1984 thru 1987
Casper-WY lost - 34.10% from 1983 thru 1986
Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 70003 - METAIRIE, LA