This New Orleans Real Estate Blog post is about homeowner equity. I just read an interesting article from the National Association of Realtors on the subject. The article outlined the average amount of equity that homeowners in New Orleans, Metairie, and Kenner Louisiana have.
First of all...What is homeowner equity? Most simply it is the difference between the fair market value and the amount of liens held on the property.
According to NAR, if you:
- Purchased the property in 1989: $113,492 in equity
- Purchased the property in 1994: $100,941 in equity
- Purchased the property in 1999: $66,068 in equity
- Purchased the property in 2004: $32,744 in equity
This New Orleans real estate blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at firstname.lastname@example.org or by phone at 504.451.8960. Darryl's office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District.
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