Las Vegas Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

1 | Page 2 | 3 | 4

The growth of prior years has come to an abrupt end and resulted in the smallest real yearly price gain in 7 years. This comes despite continued job gains and historically low mortgage rates as price growth could not sustain prior levels due to poor affordability. Consequently, nominal and real prices should be expected to decline towards the historic level of mortgage debt servicing cost.

SEE PRIOR LAS VEGAS PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Las Vegas Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$157,300	6.8%	$178,200	4.1%	19.0%	17.8%
2002	$166,000	5.5%	$183,100	2.8%	18.4%	17.5%
2003	$188,100	13.3%	$203,800	11.3%	20.2%	18.3%
2004	$259,900	38.2%	$275,100	35.0%	26.8%	19.6%
2005	$302,600	16.4%	$311,700	13.3%	31.8%	22.6%
2006	$313,500	3.6%	$313,500	0.6%	31.3%	21.7%

LAS VEGAS, NEVADA - Q4:2006