Inland Empire (Riverside, San Bernardino & Ontario) 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 price gain in 10 years. This comes despite continued job gains and historically low mortgage rates as price growth could not sustain prior levels due to very poor affordability as during the prior Southern California market bubble. Consequently, nominal and real prices should be expected to decline towards the historic level of mortgage debt servicing cost.

SEE PRIOR INLAND EMPIRE PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Inland Empire Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$172,700	9.6%	$195,300	6.8%	21.4%	17.8%
2002	$198,600	15.0%	$218,900	12.1%	22.6%	17.5%
2003	$236,600	19.1%	$256,300	17.1%	26.2%	18.3%
2004	$309,200	30.7%	$327,100	27.6%	32.8%	19.6%
2005	$378,100	22.3%	$389,300	19.0%	40.9%	22.6%
2006	$406,400	7.5%	$406,400	4.4%	41.8%	21.7%

INLAND EMPIRE, CALIFORNIA - Q4:2006