Seattle Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

1 | Page 2 | 3 | 4

The growth of prior years has continued in Seattle and the housing boom has been aided by continued job gains and historically low mortgage rates. However, price growth began generating a concern at the end of 2005 as affordability levels begin to exceed local historical norms. Consequently, nominal and real prices should be expected to decline towards the historic level of mortgage debt servicing cost.

SEE PRIOR SEATTLE PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Seattle Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2002	$237,200	4.7%	$263,800	2.0%	20.1%	16.8%
2003	$250,200	5.5%	$273,400	3.6%	20.6%	17.5%
2004	$276,700	10.6%	$294,800	7.9%	21.8%	18.8%
2005	$325,700	17.7%	$337,700	14.5%	26.2%	21.5%
2006	$372,900	14.5%	$375,700	11.3%	28.5%	21.6%
2007	$380,200	2.0%	$380,200	1.2%	28.6%	21.1%

SEATTLE, WASHINGTON - Q1:2007