Cleveland Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

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The past five years have seen poor nominal price growth and falling real prices. The prolonged slump in the manufacturing industry has lead to job losses and negative economic trends. The Cleveland mortgage-debt-to-income ratio has actually declined over the past 5 years, while the national ratio has risen significantly. Future prices will be dependent upon local economics and will likely remain stagnate in the near future.

SEE PRIOR CLEVELAND PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Cleveland Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$118,500	5.0%	$134,600	2.3%	13.9%	17.5%
2002	$122,600	3.5%	$135,700	0.8%	13.2%	17.7%
2003	$126,800	3.5%	$137,900	1.6%	13.2%	18.4%
2004	$132,200	4.3%	$140,100	1.7%	13.2%	19.6%
2005	$136,100	2.9%	$140,300	0.1%	13.8%	22.1%
2006	$130,900	-3.8%	$130,900	-6.7%	12.6%	23.7%

CLEVELAND, OHIO - Q4:2006