The
past five years have seen weak nominal price growth resulting in near stagnate real prices. The Atlanta mortgage-debt-to-income ratio has remained steady throughout the past five years despite a national increase, indicating there should be little to no concern about an Atlanta market bubble. Despite this fact, 2006 finished with the first real price drop since 1994 and largest since 1990. Recently, Atlanta has become a paradox of positive affordability ratios with negative local consumer sentiment due in part to national psychology. Consequently, nominal prices may stagnate short term before returning to a long term growth phase.
SEE PRIOR ATLANTA PEAKS & TROUGHS Next >
|
Year |
|
|
|
|
Atlanta
Mortgage-Debt-to-Income Ratio |
National
Mortgage-Debt-to-Income Ratio |
2001 |
$139,500 |
7.4% |
$158,400 |
4.6% |
14.1% |
17.8% |
2002 |
$145,800 |
4.5% |
$161,300 |
1.8% |
13.5% |
17.5% |
2003 |
$150,000 |
2.9% |
$163,000 |
1.1% |
13.4% |
18.3% |
2004 |
$157,200 |
4.8% |
$166,600 |
2.2% |
13.5% |
19.6% |
2005 |
$165,600 |
5.3% |
$170,600 |
2.4% |
14.5% |
22.6% |
2006 |
$166,800 |
0.7% |
$166,800 |
-2.2% |
13.9% |
21.7% |
|
