2001 to 2003 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.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case New Orleans Metairie Kenner, Lousiana MSA appreciated + 15.58% (+ 5.19% yearly) for the period between 2001 and the end of 2003.

The state had + 13.02% total appreciation (+ 4.34% yearly). The New Orleans Metairie Kenner, Lousiana MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.

New-Orleans-Metairie-Kenner-LA

Year	Quarter	Price Index	Quarter Increase or Decrease	Annualized
2001	2	137.92	+ 1.41%	+ 5.65%
2001	3	138.83	+ 0.66%	+ 2.64%
2001	4	140.54	+ 1.23%	+ 4.93%
2002	1	141.21	+ 0.48%	+ 1.91%
2002	2	142.98	+ 1.25%	+ 5.01%
2002	3	145.6	+ 1.83%	+ 7.33%
2002	4	147.82	+ 1.52%	+ 6.10%
2003	1	149.71	+ 1.28%	+ 5.11%
2003	2	151.55	+ 1.23%	+ 4.92%
2003	3	153.37	+ 1.20%	+ 4.80%
2003	4	157.19	+ 2.49%	+ 9.96%

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 $104,000.00 in 2001, you could multiply by + 15.58%, add the gain and see the home should be worth $120,204.12 in 2003. Home value is an important part of every mortgage transaction.

Average YEARLY Real Estate Appreciation for New-Orleans-Metairie-Kenner-LA from 2001 to 2003:
+ 5.19%

Appreciation Comparisons

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

Bakersfield-CA increased + 93.72% from 2003 thru 2005
Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
Madera-CA increased + 85.39% from 2003 thru 2005
Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

Zip Code in MSA: 70002 - METAIRIE, LA