San Diego 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 this year is on pace for the largest yearly price drop on record (in both nominal & real terms). 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 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 SAN DIEGO PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	San Diego Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2002	$370,100	17.2%	$408,200	14.2%	34.7%	16.8%
2003	$431,900	16.7%	$468,000	14.7%	39.2%	17.5%
2004	$546,700	26.6%	$578,300	23.6%	47.6%	18.8%
2005	$608,400	11.3%	$626,100	8.3%	53.7%	21.5%
2006	$607,300	-0.2%	$612,100	-2.2%	51.6%	21.6%
2007	$595,200	-2.0%	$595,200	-2.8%	49.7%	21.1%

SAN DIEGO, CALIFORNIA - Q1:2007