The
past five years have seen fair nominal and real price growth. The San Antonio mortgage-debt-to-income ratio has remained steady throughout the past five years despite a national increase, indicating there should be little to no concern about a San Antonio market bubble. Despite this fact, 2006 finished with the largest real price drop since 1996. Recently, San Antonio has become a paradox of positive affordability ratios with negative local consumer sentiment due in part to national psychology. Consequently, nominal prices may stagnate short term before returning to a long term growth phase.
SEE PRIOR SAN ANTONIO PEAKS & TROUGHS Next >
|
Year |
|
|
|
|
San Antonio
Mortgage-Debt-to-Income Ratio |
National
Mortgage-Debt-to-Income Ratio |
2001 |
$110,200 |
5.0% |
$125,100 |
2.3% |
14.9% |
17.8% |
2002 |
$114,800 |
4.2% |
$127,000 |
1.5% |
14.2% |
17.5% |
2003 |
$119,600 |
4.1% |
$129,800 |
2.3% |
14.3% |
18.3% |
2004 |
$124,600 |
4.2% |
$131,900 |
1.6% |
14.3% |
19.6% |
2005 |
$137,800 |
10.6% |
$142,000 |
7.6% |
16.1% |
22.6% |
2006 |
$140,600 |
2.0% |
$140,600 |
-1.0% |
15.6% |
21.7% |
|
