Chart 28
Consensus is for flat home prices assuming a benign macro environment.
(OFHEO house price index, year-over-year change)
| Year |
Percent |
| 1976 |
6.2 |
| 1977 |
10.9 |
| 1978 |
13.4 |
| 1979 |
13.5 |
| 1980 |
8.1 |
| 1981 |
5.4 |
| 1982 |
3.1 |
| 1983 |
3.7 |
| 1984 |
4.5 |
| 1985 |
5.8 |
| 1986 |
7.6 |
| 1987 |
7.7 |
| 1988 |
6.2 |
| 1989 |
5.7 |
| 1990 |
2.6 |
| 1991 |
1.2 |
| 1992 |
2.2 |
| 1993 |
1.7 |
| 1994 |
1.9 |
| 1995 |
2.7 |
| 1996 |
3.5 |
| 1997 |
3.5 |
| 1998 |
5.1 |
| 1999 |
5 |
| 2000 |
6.9 |
| 2001 |
7.9 |
| 2003 |
6.9 |
| 2003 |
6.9 |
| 2004 |
10.9 |
| 2005 (estimated) |
13 |
| 2006 (forecast) |
5 |
| 2007 (forecast) |
1.9 |
Notes: Forecasts for 2006, 2007 from Economy.com, Jan 2006.
Source: Office of Federal Housing Enterprise Oversight, Economy.com.
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