Ventura 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 real terms resulted in the worst year since 1996. This comes despite continued job gains and historically low mortgage rates as price growth could not sustain prior levels due to 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 VENTURA PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Ventura Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$259,700	9.3%	$294,000	6.5%	23.0%	17.8%
2002	$299,600	15.3%	$330,600	12.4%	24.4%	17.5%
2003	$354,300	18.3%	$384,100	16.2%	27.9%	18.3%
2004	$446,200	26.0%	$472,300	22.9%	33.8%	19.6%
2005	$524,100	17.5%	$539,800	14.3%	40.4%	22.6%
2006	$540,000	3.0%	$540,000	0.0%	39.6%	21.7%

VENTURA, CALIFORNIA - Q4:2006