Period Personal Income (year-over-year percent change) OFHEO Home Price Index (year-over-year percent change)

Mar-88

7.6

6.44

Jun-88

7.89

6.67

Sep-88

8.04

6.04

Dec-88

7.52

6.19

Mar-89

8.86

5.72

Jun-89

8.32

4.89

Sep-89

7.37

6.14

Dec-89

6.93

6.01

Mar-90

6.05

5.05

Jun-90

6.63

3.6

Sep-90

6.85

1.63

Dec-90

5.82

0.2

Mar-91

3.91

0.55

Jun-91

3.39

1.01

Sep-91

2.99

0.69

Dec-91

3.85

2.54

Mar-92

5.48

2.45

Jun-92

5.88

1.78

Sep-92

6.13

2.8

Dec-92

7.11

1.85

Mar-93

3.46

1.01

Jun-93

4.16

2.08

Sep-93

3.66

1.67

Dec-93

3.38

2.03

Mar-94

4.6

2.66

Jun-94

4.9

2.13

Sep-94

5.58

1.78

Dec-94

5.33

0.76

Mar-95

7.12

0.66

Jun-95

5.26

2.09

Sep-95

4.81

3.42

Dec-95

4.11

4.5

Mar-96

4.92

5.39

Jun-96

6.07

3.69

Sep-96

6.34

2.5

Dec-96

6.59

2.58

Mar-97

6.31

2.26

Jun-97

5.49

3

Sep-97

5.95

4.13

Dec-97

6.45

4.58

Mar-98

7

5.23

Jun-98

7.73

5.21

Sep-98

7.61

5.1

Dec-98

7.05

4.98

Mar-99

5.68

4.49

Jun-99

4.78

5.07

Sep-99

4.51

5.29

Dec-99

5.48

5.24

Mar-00

7.94

6.32

Jun-00

8.33

6.69

Sep-00

8.83

7.08

Dec-00

7.09

7.6

Mar-01

5.11

8.11

Jun-01

4.15

8.22

Sep-01

2.57

7.91

Dec-01

2.21

7.55

Mar-02

1.32

6.61

Jun-02

2.03

6.7

Sep-02

1.86

7.22

Dec-02

1.88

7.55

Mar-03

2.26

7.2

Jun-03

2.34

6.51

Sep-03

3.53

6.02

Dec-03

4.61

8.17

Mar-04

4.92

8.45

Jun-04

5.35

9.98

Sep-04

5.33

13.33

Dec-04

6.62

11.17