Washington DC 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 resulted in the smallest real yearly price gain since 1997. 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 WASHINGTON DC PEAKS & TROUGHS Next >

Year	Nominal Price History	Nominal Price Growth	Real Price History	Real Price Growth	Washington DC Mortgage-Debt-to-Income Ratio	National Mortgage-Debt-to-Income Ratio
2001	$213,100	12.0%	$241,300	9.2%	16.9%	17.8%
2002	$238,400	11.9%	$263,100	9.0%	17.3%	17.5%
2003	$268,800	12.8%	$291,400	10.8%	18.9%	18.3%
2004	$328,500	22.2%	$347,500	19.3%	22.2%	19.6%
2005	$408,500	24.3%	$420,600	21.0%	28.1%	22.6%
2006	$421,600	3.2%	$421,600	0.2%	27.6%	21.7%

WASHINGTON DC - Q4:2006