Boise Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

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The record growth of the prior year slowed in 2006 as Boise posted real median price gains of more than $25,000. The housing boom has been aided by continued job gains, investor activity and historically low mortgage rates. However, price growth began generating a bit of a concern in the middle of 2006 as affordability levels begin to exceed local historical norms. Consequently, nominal should be expected to stagnate until prices return to the historic level of mortgage debt servicing cost.

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Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Boise Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$125,000	6.5%	$141,600	3.8%	15.5%	17.8%
2002	$129,500	3.6%	$142,900	1.0%	14.7%	17.5%
2003	$134,300	3.7%	$145,500	1.8%	14.8%	18.3%
2004	$144,300	7.5%	$152,500	4.8%	15.3%	19.6%
2005	$177,600	23.1%	$182,800	19.8%	19.1%	22.6%
2006	$209,500	17.9%	$209,500	14.6%	21.5%	21.7%

BOISE, IDAHO - Q4:2006