Baltimore Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

1 | Page 2 | 3 | 4

The growth of prior years has come to an abrupt end and resulted in the smallest real yearly price gain since 2000. This comes despite continued job gains and historically low mortgage rates as price growth could not sustain prior levels due to poor affordability. Consequently, nominal and real prices should be expected to decline towards the historic level of mortgage debt servicing cost.

SEE PRIOR BALTIMORE PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Baltimore Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$146,000	8.0%	$165,300	5.3%	18.2%	17.8%
2002	$161,600	10.7%	$178,400	7.9%	18.5%	17.5%
2003	$183,500	13.6%	$199,000	11.6%	20.4%	18.3%
2004	$218,300	19.0%	$231,000	16.1%	23.2%	19.6%
2005	$265,100	21.4%	$272,900	18.2%	28.7%	22.6%
2006	$277,900	4.8%	$277,900	1.8%	28.6%	21.7%

BALTIMORE, MARYLAND - Q4:2006