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The Unconventional. Patrick Jankowski Vice President, Research Greater Houston Partnership. Housing Bubble. * Median-priced home divided by median household income for each metro area. Source: GHP calculations based on National Association of Homebuilders data. Housing Bubble. - PowerPoint PPT Presentation

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The UnconventionalPatrick JankowskiVice President, ResearchGreater Houston Partnership

Housing BubbleSource: GHP calculations based on National Association of Homebuilders data* Median-priced home divided by median household income for each metro area.

Source: GHP calculations based on National Association of Homebuilders data*Years of Income to Buy a Home, Q1/06Housing Bubble

Source: GHP calculations based on National Association of Homebuilders dataHousing Bubble

Recession Tracking

Recession Tracking

The Big Mac Index7

The Big Mac Index

8

The IKEA Indicator

The IKEA Indicator

The UnconventionalPatrick JankowskiVice President, ResearchGreater Houston Partnership

Chart12.32.62.13.42.52.72.75.52.32.82.23.62.64.22.14.821.74.57.62.12.93.34.63.98.93.16.76.98.22.63.323.62.21.733.63.18

*Years of Income to Buy a Home, Q1/00Q1/'01Q1/'06

Sheet1Column1Q1/'01Q1/'06Atlanta2.32.6Baltimore2.13.4Dallas2.52.7Miami2.75.5Houston2.32.8Tampa2.23.6Phoenix2.64.2Washington2.14.8St. Louis2.01.7San Diego4.57.6Minneapolis2.12.9Boston3.34.6Los Angeles3.98.9Riverside3.16.7San Francisco6.98.2Chicago2.63.3Philadelphia2.03.6Detroit2.21.7Seattle3.03.6New York3.18.0

Chart12.32.62.13.42.52.72.75.52.32.82.23.62.64.22.14.821.74.57.62.12.93.34.63.98.93.16.76.98.22.63.323.62.21.733.63.18

Q1/'01Q1/'06

Sheet1Column1Q1/'01Q1/'06Atlanta2.32.6Baltimore2.13.4Dallas2.52.7Miami2.75.5Houston2.32.8Tampa2.23.6Phoenix2.64.2Washington2.14.8St. Louis2.01.7San Diego4.57.6Minneapolis2.12.9Boston3.34.6Los Angeles3.98.9Riverside3.16.7San Francisco6.98.2Chicago2.63.3Philadelphia2.03.6Detroit2.21.7Seattle3.03.6New York3.18.0

Chart12.32.62.13.42.52.72.75.52.32.82.23.62.64.22.14.821.74.57.62.12.93.34.63.98.93.16.76.98.22.63.323.62.21.733.63.18

Houstons housing values remained reasonable throughout the boom so there was little to correct during the bust.Q1/'01Q1/'06

Sheet1Column1Q1/'01Q1/'06Atlanta2.32.6Baltimore2.13.4Dallas2.52.7Miami2.75.5Houston2.32.8Tampa2.23.6Phoenix2.64.2Washington2.14.8St. Louis2.01.7San Diego4.57.6Minneapolis2.12.9Boston3.34.6Los Angeles3.98.9Riverside3.16.7San Francisco6.98.2Chicago2.63.3Philadelphia2.03.6Detroit2.21.7Seattle3.03.6New York3.18.0

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