1997 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.

Before we disect the appreciation within the MSA for this period, lets consider how New Orleans Metairie Kenner, Lousiana did compared to the state as a whole.

The New Orleans Metairie Kenner, Lousiana MSA property value change was + 12.49% (+ 4.16% yearly).

All of the property in LA averaged + 12.23% change in value (+ 4.08% yearly).

New-Orleans-Metairie-Kenner-LA

Year	Quarter	Price Index	Quarter Increase or Decrease	Annualized
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%

Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $96,000.00 in 1997, you could multiply by + 12.49%, add the gain and see the home should be worth $107,994.65 in 1999. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 1997 to 1999:
+ 4.16%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1997 to 1999 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Ithaca-NY, and Reading-PA .

Honolulu-HI decreased by - 5.64% between 1997 and 1999
Williamsport-PA decreased by - 0.53% between 1997 and 1999
Buffalo-Niagara-Falls-NY only increased + 0.14% between 1997 and 1999
Ithaca-NY only increased + 0.26% between 1997 and 1999
Reading-PA only increased + 1.79% between 1997 and 1999

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

Grand-Junction-CO lost - 34.69% from 1983 to 1985
Lafayette-LA lost - 31.84% from 1985 thru 1987
Honolulu-HI lost - 30.81% from 1979 thru 1981
Fairbanks-AK lost - 29.16% from 1987 thru 1989
Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 70002 - METAIRIE, LA