Honolulu 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 smallest real yearly since 2002. This comes despite continued job gains and historically low mortgage rates as price growth could not sustain prior levels due to extremely poor affordability as during the prior Hawaii market bubble. Consequently, nominal and real prices should be expected to decline towards the historic level of mortgage debt servicing cost.

SEE PRIOR HONOLULU PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Honolulu Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$311,800	7.1%	$352,900	4.3%	31.2%	17.8%
2002	$336,000	7.7%	$370,500	5.0%	30.9%	17.5%
2003	$379,800	13.0%	$411,500	11.0%	33.9%	18.3%
2004	$468,100	23.3%	$495,000	20.3%	40.0%	19.6%
2005	$575,700	23.0%	$592,700	19.7%	50.1%	22.6%
2006	$620,000	7.7%	$620,000	4.6%	51.4%	21.7%

HONOLULU, HAWAII - Q4:2006