Fairfield-Vallejo Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

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The growth of prior years has come to an abrupt end and resulted in the largest yearly real price drop since 1996. This comes despite continued job gains and historically low mortgage rates as price growth could not sustain prior levels due to poor affordability as during the prior California market bubble. Consequently, nominal and real prices should be expected to decline towards the historic level of mortgage debt servicing cost.

SEE PRIOR FAIRFIELD-VALLEJO PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	F'field-Vallejo Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$227,700	14.9%	$257,800	12.0%	22.0%	17.8%
2002	$255,800	12.3%	$282,300	9.5%	22.7%	17.5%
2003	$289,200	13.1%	$313,600	11.1%	24.9%	18.3%
2004	$352,800	22.0%	$373,300	19.0%	29.1%	19.6%
2005	$426,200	20.8%	$439,000	17.6%	35.8%	22.6%
2006	$430,000	0.9%	$430,000	-2.1%	34.3%	21.7%

FAIRFIELD-VALLEJO, CALIFORNIA - Q4:2006