| Nominal Price Activity |
Monterey |
National |
Comment |
| . |
Quarterly Appreciation (Q3:2006 – Q4:2006) |
-2.4% |
-2.7% |
Poor |
| |
Rolling
Year Appreciation (Q4:2005 – Q4:2006) |
-2.2% |
1.7% |
Poor |
| |
Last
Year Appreciation (2005) |
22.1% |
13.4% |
Strong |
| |
Rolling
5 Year App. (Q4:2001 – Q4:2006) |
73.7% |
49.4% |
Strong |
| |
Historical
Average Annual Appreciation |
8.2% |
6.0% |
Strong |
| Real Price Activity |
Monterey |
National |
Comment |
| . |
Quarterly Appreciation (Q3:2006 – Q4:2006) |
-2.8% |
-3.0% |
Poor |
| |
Rolling
Year Appreciation (Q4:2005 – Q4:2006) |
-5.1% |
-1.2% |
Poor |
| |
Last
Year Appreciation (2005) |
18.8% |
10.3% |
Strong |
| |
Rolling
5 Year App. (Q4:2001 – Q4:2006) |
53.3% |
31.8% |
Strong |
| |
Historical
Average Annual Appreciation |
4.2% |
1.7% |
Strong |
| Affordability
Activity |
Monterey |
National |
Comment |
| |
Mortgage-Debt-to-Income
Ratio* (Q4:2006) |
56.4% |
21.7% |
Extremely Unfavorable |
| |
Historical
Mortgage-Debt-to-Income Ratio* |
38.7% |
20.7% |
Very High |
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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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| |
Monterey historical data is for the time period of Q2:1978 – Q4:2006 |
| |
National historical data is for the time period of Q1:1975 – Q4:2006 |
