The
past five years have seen weak nominal price growth resulting in falling real prices. The Dallas 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 a Dallas market bubble. Despite this fact, 2006 finished with the first nominal price drop since 1994. Recently, Dallas 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 DALLAS PEAKS & TROUGHS Next >
|
Year |
|
|
|
|
Dallas
Mortgage-Debt-to-Income Ratio |
National
Mortgage-Debt-to-Income Ratio |
2001 |
$130,200 |
6.5% |
$147,900 |
3.8% |
14.0% |
17.8% |
2002 |
$134,800 |
3.6% |
$149,200 |
0.9% |
13.3% |
17.5% |
2003 |
$137,300 |
1.8% |
$149,200 |
0.0% |
13.2% |
18.3% |
2004 |
$141,300 |
2.9% |
$149,700 |
0.4% |
13.0% |
19.6% |
2005 |
$146,500 |
3.7% |
$150,900 |
0.8% |
13.7% |
22.6% |
2006 |
$144,300 |
-1.5% |
$144,300 |
-4.4% |
12.8% |
21.7% |
|
