| Nominal Price Activity |
Columbus |
National |
Comment |
| . |
Quarterly Appreciation (Q2:2006 – Q3:2006) |
0.2% |
0.9% |
Weak |
| |
Rolling
Year Appreciation (Q3:2005 – Q3:2006) |
2.0% |
7.7% |
Weak |
| |
Last
Year Appreciation (2005) |
3.9% |
13.4% |
Weak |
| |
Rolling
5 Year App. (Q3:2001 – Q3:2006) |
20.0% |
55.5% |
Weak |
| |
Historical
Average Annual Appreciation |
4.7% |
6.1% |
Weak |
| Real Price Activity |
Columbus |
National |
Comment |
| . |
Quarterly Appreciation (Q2:2006 – Q3:2006) |
-0.7% |
0.0% |
Weak |
| |
Rolling
Year Appreciation (Q3:2005 – Q3:2006) |
-1.6% |
4.0% |
Weak |
| |
Last
Year Appreciation (2005) |
0.5% |
9.7% |
Weak |
| |
Rolling
5 Year App. (Q3:2001 – Q3:2006) |
5.2% |
36.6% |
Weak |
| |
Historical
Average Annual Appreciation |
0.4% |
1.6% |
Weak |
| Affordability
Activity |
Columbus |
National |
Comment |
| |
Mortgage-Debt-to-Income
Ratio* (Q3:2006) |
14.8% |
23.7% |
Very Favorable |
| |
Historical
Mortgage-Debt-to-Income Ratio* |
17.0% |
21.7% |
Low |
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| * |
This ratio compares the monthly mortgage payment (principal & interest only, which does not include hazard insurance, property taxes or any needed private mortgage insurance) for a median priced home financed at the prevailing 30 year mortgage rate to the local median 4-person family income. |
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| |
Columbus historical data is for the time period of Q2:1976 – Q3:2006 |
| |
National historical data is for the time period of Q1:1975 – Q3:2006 |
