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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