Jacksonville Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

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The past five years have seen strong nominal and real price growth. However, despite robust job gains and historically low mortgage rates, price growth began generating concern in the middle of 2005. This is due to local price affordability levels rapidly deteriorating and surpassing historical local norms. Consequently, nominal and real prices should be expected to stagnate or even potentially decline back towards the historic level of mortgage debt servicing cost.

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Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Jacksonville Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$101,400	9.2%	$114,900	6.4%	12.0%	17.8%
2002	$109,500	8.0%	$120,900	5.2%	11.9%	17.5%
2003	$119,900	9.4%	$129,900	7.5%	12.6%	18.3%
2004	$137,200	14.5%	$145,100	11.7%	13.9%	19.6%
2005	$164,500	19.9%	$169,300	16.7%	16.9%	22.6%
2006	$180,400	9.7%	$180,400	6.6%	17.7%	21.7%

JACKSONVILLE, FLORIDA - Q4:2006