Milwaukee Housing Report - thebubblebuster.com

SUMMARY HISTORY PEAKS & TROUGHS FORECASTS

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The Milwaukee housing market has seen a continued decline from the price increases of years past. The continued declines in sales activity has increased the number of homes on the market and is forcing sellers to lower their expectations. Further sales declines should be expected due to current local market psychology, however, significant price declines are unlikely as the mortgage debt servicing cost has remained comfortably low.

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Nominal Price Activity		Milwaukee	National	Comment
.	Quarterly Appreciation (Q3:2006 – Q4:2006)	-1.9%	-2.7%	Poor
	Rolling Year Appreciation (Q4:2005 – Q4:2006)	1.2%	1.7%	Weak
	Last Year Appreciation (2005)	9.2%	13.4%	Good
	Rolling 5 Year App. (Q4:2001 – Q4:2006)	37.7%	49.4%	Fair
	Historical Average Annual Appreciation	5.0%	6.0%	Fair
Real Price Activity		Milwaukee	National	Comment
.	Quarterly Appreciation (Q3:2006 – Q4:2006)	-2.2%	-3.0%	Poor
	Rolling Year Appreciation (Q4:2005 – Q4:2006)	-1.8%	-1.2%	Weak
	Last Year Appreciation (2005)	6.3%	10.3%	Good
	Rolling 5 Year App. (Q4:2001 – Q4:2006)	21.3%	31.8%	Fair
	Historical Average Annual Appreciation	0.9%	1.7%	Fair
Affordability Activity		Milwaukee	National	Comment
	Mortgage-Debt-to-Income Ratio* (Q4:2006)	19.4%	21.7%	Favorable
	Historical Mortgage-Debt-to-Income Ratio*	19.4%	20.7%	Average
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*	This ratio compares the monthly mortgage payment (principal & interest only, which does not include hazard insurance, property taxes or any needed private mortgage insurance) for a median priced home financed at the prevailing 30 year mortgage rate to the local median 4-person family income.
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	Milwaukee historical data is for the time period of Q2:1977 – Q4:2006
	National historical data is for the time period of Q1:1975 – Q4:2006

MILWAUKEE, WISCONSIN - Q4:2006