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Accessible version of figures from The U.S. Housing Market: Current Conditions and Policy Considerations

Figure 1: House Prices
Month Index (2006q1=100)
Jan-01 54.95
Feb-01 55.45
Mar-01 55.94
Apr-01 56.44
May-01 56.93
Jun-01 56.93
Jul-01 57.43
Aug-01 57.92
Sep-01 58.42
Oct-01 58.42
Nov-01 58.91
Dec-01 59.41
Jan-02 59.90
Feb-02 60.40
Mar-02 60.40
Apr-02 60.89
May-02 61.39
Jun-02 62.38
Jul-02 62.87
Aug-02 63.37
Sep-02 63.86
Oct-02 64.36
Nov-02 64.85
Dec-02 64.85
Jan-03 65.84
Feb-03 65.84
Mar-03 66.34
Apr-03 66.83
May-03 67.33
Jun-03 67.82
Jul-03 68.81
Aug-03 69.31
Sep-03 70.30
Oct-03 70.79
Nov-03 71.78
Dec-03 72.28
Jan-04 73.27
Feb-04 74.26
Mar-04 75.74
Apr-04 76.24
May-04 77.72
Jun-04 78.71
Jul-04 79.70
Aug-04 80.20
Sep-04 81.19
Oct-04 82.18
Nov-04 83.17
Dec-04 84.16
Jan-05 85.64
Feb-05 87.13
Mar-05 89.11
Apr-05 90.10
May-05 91.09
Jun-05 92.08
Jul-05 93.07
Aug-05 94.06
Sep-05 95.05
Oct-05 96.04
Nov-05 96.53
Dec-05 97.03
Jan-06 98.02
Feb-06 99.01
Mar-06 100.00
Apr-06 99.50
May-06 99.01
Jun-06 98.51
Jul-06 98.02
Aug-06 97.52
Sep-06 98.02
Oct-06 98.02
Nov-06 98.02
Dec-06 98.02
Jan-07 98.02
Feb-07 97.52
Mar-07 97.03
Apr-07 96.53
May-07 95.54
Jun-07 94.55
Jul-07 93.56
Aug-07 92.57
Sep-07 91.58
Oct-07 90.59
Nov-07 89.60
Dec-07 88.61
Jan-08 88.12
Feb-08 86.63
Mar-08 85.64
Apr-08 84.16
May-08 82.67
Jun-08 81.68
Jul-08 80.69
Aug-08 79.21
Sep-08 78.22
Oct-08 76.73
Nov-08 75.25
Dec-08 73.76
Jan-09 72.28
Feb-09 70.79
Mar-09 70.30
Apr-09 70.30
May-09 70.30
Jun-09 70.79
Jul-09 71.29
Aug-09 71.29
Sep-09 71.78
Oct-09 71.78
Nov-09 71.78
Dec-09 71.78
Jan-10 72.28
Feb-10 71.29
Mar-10 72.28
Apr-10 72.77
May-10 72.77
Jun-10 72.28
Jul-10 71.29
Aug-10 70.79
Sep-10 70.30
Oct-10 69.80
Nov-10 69.31
Dec-10 68.81
Jan-11 68.81
Feb-11 67.82
Mar-11 68.32
Apr-11 68.32
May-11 67.82
Jun-11 67.82
Jul-11 67.82
Aug-11 67.82
Sep-11 67.33
Oct-11 66.83
Nov-11 66.34

Source: CoreLogic

Figure 2: Ratio of Home Equity to Disposable Personal Income
Percent
Quarter Ratio
1950q1 ND
1950q2 ND
1950q3 ND
1950q4 94.32
1951q1 ND
1951q2 ND
1951q3 ND
1951q4 94.93
1952q1 93.04
1952q2 95.50
1952q3 92.72
1952q4 94.13
1953q1 94.03
1953q2 94.25
1953q3 97.08
1953q4 96.11
1954q1 95.12
1954q2 95.70
1954q3 97.58
1954q4 97.54
1955q1 96.23
1955q2 95.94
1955q3 96.06
1955q4 95.99
1956q1 96.49
1956q2 96.73
1956q3 96.57
1956q4 94.97
1957q1 95.51
1957q2 95.72
1957q3 95.83
1957q4 96.05
1958q1 94.36
1958q2 94.56
1958q3 94.55
1958q4 95.17
1959q1 92.86
1959q2 92.69
1959q3 93.73
1959q4 93.68
1960q1 95.01
1960q2 94.35
1960q3 94.67
1960q4 93.89
1961q1 91.61
1961q2 92.03
1961q3 91.84
1961q4 91.04
1962q1 90.95
1962q2 89.69
1962q3 88.88
1962q4 88.70
1963q1 88.54
1963q2 86.62
1963q3 86.29
1963q4 84.45
1964q1 81.71
1964q2 80.80
1964q3 79.49
1964q4 79.56
1965q1 78.85
1965q2 77.45
1965q3 75.04
1965q4 74.80
1966q1 72.51
1966q2 75.99
1966q3 74.08
1966q4 75.41
1967q1 74.30
1967q2 74.17
1967q3 73.70
1967q4 74.65
1968q1 75.43
1968q2 75.25
1968q3 75.34
1968q4 78.83
1969q1 80.95
1969q2 80.58
1969q3 78.60
1969q4 79.32
1970q1 78.69
1970q2 79.80
1970q3 77.17
1970q4 78.00
1971q1 78.13
1971q2 78.07
1971q3 78.60
1971q4 78.77
1972q1 81.19
1972q2 80.94
1972q3 81.49
1972q4 82.40
1973q1 82.48
1973q2 83.17
1973q3 85.50
1973q4 85.16
1974q1 81.65
1974q2 78.14
1974q3 75.18
1974q4 75.87
1975q1 79.62
1975q2 78.93
1975q3 77.43
1975q4 77.53
1976q1 77.14
1976q2 79.90
1976q3 79.10
1976q4 79.71
1977q1 81.57
1977q2 84.11
1977q3 84.58
1977q4 85.36
1978q1 86.59
1978q2 88.14
1978q3 89.00
1978q4 89.79
1979q1 92.34
1979q2 95.28
1979q3 95.57
1979q4 94.98
1980q1 95.93
1980q2 97.93
1980q3 98.97
1980q4 95.58
1981q1 94.39
1981q2 99.43
1981q3 99.23
1981q4 98.98
1982q1 100.91
1982q2 99.74
1982q3 98.13
1982q4 97.69
1983q1 98.10
1983q2 96.97
1983q3 94.46
1983q4 92.20
1984q1 94.32
1984q2 95.00
1984q3 95.71
1984q4 96.80
1985q1 98.07
1985q2 98.89
1985q3 101.97
1985q4 103.40
1986q1 103.48
1986q2 104.57
1986q3 105.03
1986q4 105.77
1987q1 106.53
1987q2 108.40
1987q3 107.34
1987q4 106.45
1988q1 106.39
1988q2 106.99
1988q3 106.54
1988q4 105.98
1989q1 105.58
1989q2 106.34
1989q3 108.13
1989q4 107.63
1990q1 106.34
1990q2 103.71
1990q3 102.16
1990q4 99.89
1991q1 98.28
1991q2 97.29
1991q3 96.37
1991q4 95.06
1992q1 94.11
1992q2 92.81
1992q3 92.32
1992q4 91.02
1993q1 91.85
1993q2 90.42
1993q3 90.47
1993q4 89.38
1994q1 90.04
1994q2 88.75
1994q3 87.97
1994q4 86.54
1995q1 85.93
1995q2 85.78
1995q3 85.61
1995q4 85.50
1996q1 85.04
1996q2 84.31
1996q3 83.87
1996q4 83.52
1997q1 82.94
1997q2 83.28
1997q3 82.52
1997q4 82.49
1998q1 82.49
1998q2 83.06
1998q3 84.10
1998q4 85.38
1999q1 86.36
1999q2 87.77
1999q3 88.88
1999q4 89.42
2000q1 91.30
2000q2 94.15
2000q3 96.23
2000q4 99.04
2001q1 102.37
2001q2 103.99
2001q3 104.39
2001q4 107.28
2002q1 106.19
2002q2 107.08
2002q3 109.11
2002q4 108.98
2003q1 110.18
2003q2 109.35
2003q3 109.61
2003q4 111.32
2004q1 115.75
2004q2 118.17
2004q3 120.25
2004q4 121.42
2005q1 131.50
2005q2 134.22
2005q3 136.97
2005q4 138.54
2006q1 139.41
2006q2 132.51
2006q3 128.42
2006q4 127.13
2007q1 121.34
2007q2 113.27
2007q3 105.54
2007q4 97.24
2008q1 87.08
2008q2 76.91
2008q3 71.49
2008q4 64.50
2009q1 57.84
2009q2 58.78
2009q3 61.62
2009q4 62.81
2010q1 63.76
2010q2 62.75
2010q3 58.89
2010q4 57.20
2011q1 54.73
2011q2 54.45
2011q3 54.04

ND No Data.  

Source: Flow of Funds Accounts of the United States.  

Figure 3: Mortgages with Negative Equity
Millions of Loans
Quarter Prime Nonprime FHA/VA
2005q1 0.01 0.05 0.07
2005q2 0.01 0.04 0.06
2005q3 0.01 0.05 0.06
2005q4 0.01 0.12 0.07
2006q1 -0.00 0.20 0.10
2006q2 -0.01 0.22 0.10
2006q3 -0.02 0.39 0.13
2006q4 -0.03 0.73 0.21
2007q1 -0.02 1.20 0.30
2007q2 -0.02 1.34 0.29
2007q3 0.12 1.61 0.36
2007q4 0.73 2.34 0.63
2008q1 2.17 3.34 1.09
2008q2 2.55 3.50 1.10
2008q3 3.16 3.75 1.34
2008q4 4.58 4.29 2.16
2009q1 6.34 4.75 2.74
2009q2 5.64 4.32 2.18
2009q3 5.15 3.99 1.95
2009q4 5.13 3.90 2.12
2010q1 5.54 3.87 2.64
2010q2 4.64 3.59 2.01
2010q3 4.98 3.67 2.76
2010q4 5.32 3.84 3.60
2011q1 6.33 4.01 4.59
2011q2 5.21 3.57 3.44
2011q3 5.05 3.60 3.46

Note: Negative equity number likely understated because of incomplete data on junior liens. Nonprime category includes alt-A and subprime loans.

Figure 4: Prime Mortgage Delinquency Rates
Percent
Month Fixed-rate serious delinquencies Variable-rate serious delinquencies
Jan-00 1.18 2.54
Feb-00 1.13 2.40
Mar-00 1.03 2.26
Apr-00 1.02 2.15
May-00 1.00 2.11
Jun-00 1.01 2.08
Jul-00 1.03 2.13
Aug-00 1.04 2.15
Sep-00 1.08 2.22
Oct-00 1.10 2.27
Nov-00 1.13 2.33
Dec-00 1.19 2.44
Jan-01 1.22 2.48
Feb-01 1.23 2.55
Mar-01 1.14 2.40
Apr-01 1.15 2.41
May-01 1.15 2.44
Jun-01 1.17 2.53
Jul-01 1.19 2.57
Aug-01 1.21 2.69
Sep-01 1.26 2.66
Oct-01 1.27 2.65
Nov-01 1.32 2.70
Dec-01 1.37 2.78
Jan-02 1.39 2.76
Feb-02 1.36 2.64
Mar-02 1.27 2.47
Apr-02 1.16 2.28
May-02 1.12 2.17
Jun-02 1.14 2.16
Jul-02 1.14 2.09
Aug-02 1.15 2.05
Sep-02 1.20 2.06
Oct-02 1.18 2.00
Nov-02 1.21 2.02
Dec-02 1.26 2.03
Jan-03 1.30 2.02
Feb-03 1.27 1.93
Mar-03 1.22 1.84
Apr-03 1.18 1.61
May-03 1.18 1.56
Jun-03 1.24 1.65
Jul-03 1.27 1.72
Aug-03 1.30 1.71
Sep-03 1.37 1.70
Oct-03 1.36 1.66
Nov-03 1.33 1.56
Dec-03 1.33 1.52
Jan-04 1.36 1.50
Feb-04 1.34 1.45
Mar-04 1.25 1.32
Apr-04 1.20 1.23
May-04 1.21 1.20
Jun-04 1.20 1.17
Jul-04 1.30 1.25
Aug-04 1.29 1.22
Sep-04 1.32 1.21
Oct-04 1.34 1.20
Nov-04 1.36 1.21
Dec-04 1.34 1.18
Jan-05 1.27 1.05
Feb-05 1.22 1.01
Mar-05 1.12 0.93
Apr-05 1.08 0.90
May-05 1.07 0.88
Jun-05 1.06 0.88
Jul-05 1.07 0.85
Aug-05 1.07 0.86
Sep-05 1.09 0.88
Oct-05 1.12 0.90
Nov-05 1.26 0.99
Dec-05 1.27 1.01
Jan-06 1.28 1.07
Feb-06 1.21 1.05
Mar-06 1.12 0.99
Apr-06 1.09 0.99
May-06 1.06 1.00
Jun-06 1.05 1.13
Jul-06 1.06 1.20
Aug-06 1.05 1.25
Sep-06 1.06 1.34
Oct-06 1.06 1.43
Nov-06 1.08 1.55
Dec-06 1.06 1.67
Jan-07 1.11 1.78
Feb-07 1.10 1.87
Mar-07 1.03 1.88
Apr-07 1.01 1.98
May-07 1.02 2.19
Jun-07 1.05 2.39
Jul-07 1.09 2.59
Aug-07 1.12 2.79
Sep-07 1.19 3.03
Oct-07 1.23 3.31
Nov-07 1.32 3.79
Dec-07 1.42 4.29
Jan-08 1.53 4.68
Feb-08 1.54 5.03
Mar-08 1.51 4.88
Apr-08 1.56 5.16
May-08 1.62 5.46
Jun-08 1.69 5.82
Jul-08 1.79 6.08
Aug-08 1.93 6.44
Sep-08 2.09 6.80
Oct-08 2.25 7.30
Nov-08 2.47 7.85
Dec-08 2.77 8.70
Jan-09 3.06 10.53
Feb-09 3.23 11.38
Mar-09 3.39 12.13
Apr-09 3.57 12.87
May-09 3.79 13.50
Jun-09 4.00 13.97
Jul-09 4.25 14.41
Aug-09 4.51 14.94
Sep-09 4.80 15.55
Oct-09 5.07 16.00
Nov-09 5.37 16.63
Dec-09 5.53 16.88
Jan-10 5.70 17.08
Feb-10 5.73 17.16
Mar-10 5.57 16.73
Apr-10 5.43 16.39
May-10 5.34 16.10
Jun-10 5.21 15.83
Jul-10 5.15 15.59
Aug-10 5.07 15.40
Sep-10 5.04 15.25
Oct-10 4.99 15.14
Nov-10 5.02 15.19
Dec-10 5.03 15.13
Jan-11 5.03 14.93
Feb-11 5.10 14.98
Mar-11 4.87 14.50
Apr-11 4.81 14.27
May-11 4.78 14.04
Jun-11 4.79 14.01
Jul-11 4.81 13.79
Aug-11 4.84 13.59
Sep-11 4.91 13.55
Oct-11 4.94 13.37
Nov-11 5.03 13.04

Source: LPS Applied Analytics.

Figure 5: Percent of Lenders Offering GSE-Eligible Loans by Credit Quality
Percent
Period Low Medium High
2010 42.90 71.50 99.90
2011 to date 45.40 83.90 100.00

Note: Hypothetical owner-occupied 30-year conventional fully documented mortgage. Low: FICO 620, LTV 90; Medium: FICO 680, LTV 90; High: FICO 720, LTV 80.

Source: LoanSifter.

Figure 6: Rent Index and Multifamily Rental Vacancy Rate
Period Average rent (index, 1982-84=100) Multifamily rental vacancy rate (percent)
Jan-08 239.61 n.a.
Feb-08 240.11 n.a.
Mar-08 240.71 n.a.
Apr-08 241.42 n.a.
May-08 241.86 n.a.
Jun-08 242.82 n.a.
Jul-08 243.63 n.a.
Aug-08 244.40 n.a.
Sep-08 245.13 n.a.
Oct-08 245.95 n.a.
Nov-08 246.61 n.a.
Dec-08 247.11 n.a.
Jan-09 247.68 n.a.
Feb-09 248.08 n.a.
Mar-09 248.45 n.a.
Apr-09 248.81 n.a.
May-09 249.10 n.a.
Jun-09 249.23 n.a.
Jul-09 249.25 n.a.
Aug-09 249.27 n.a.
Sep-09 249.19 n.a.
Oct-09 249.04 n.a.
Nov-09 248.87 n.a.
Dec-09 248.85 n.a.
Jan-10 248.84 n.a.
Feb-10 248.80 n.a.
Mar-10 248.88 n.a.
Apr-10 248.89 n.a.
May-10 248.93 n.a.
Jun-10 249.09 n.a.
Jul-10 249.35 n.a.
Aug-10 249.28 n.a.
Sep-10 249.59 n.a.
Oct-10 249.82 n.a.
Nov-10 250.35 n.a.
Dec-10 250.84 n.a.
Jan-11 251.25 n.a.
Feb-11 251.61 n.a.
Mar-11 251.93 n.a.
Apr-11 252.10 n.a.
May-11 252.40 n.a.
Jun-11 252.68 n.a.
Jul-11 253.32 n.a.
Aug-11 254.27 n.a.
Sep-11 254.86 n.a.
Oct-11 255.85 n.a.
2008q1 n.a. 10.42
2008q2 n.a. 10.54
2008q3 n.a. 10.26
2008q4 n.a. 10.68
2009q1 n.a. 10.66
2009q2 n.a. 11.12
2009q3 n.a. 11.69
2009q4 n.a. 11.83
2010q1 n.a. 11.69
2010q2 n.a. 11.62
2010q3 n.a. 10.78
2010q4 n.a. 9.88
2011q1 n.a. 10.20
2011q2 n.a. 9.62
2011q3 n.a. 10.09

Note: Rental vacancy rate is seasonally adjusted by Board staff.

n.a. not applicable.  

Source: Bureau.  

Figure 7: Reemployment Probability Among Unemployed Workers
Percent
Quarter 3 Months 12 Months
1997q4 58.50 68.37
1998q1 57.66 67.89
1998q2 58.66 69.76
1998q3 58.21 68.72
1998q4 57.30 68.65
1999q1 58.94 67.04
1999q2 59.26 66.59
1999q3 60.76 66.50
1999q4 60.72 68.12
2000q1 61.20 69.87
2000q2 62.00 70.76
2000q3 58.99 71.17
2000q4 58.14 69.64
2001q1 57.37 67.51
2001q2 55.78 64.81
2001q3 55.43 62.98
2001q4 54.03 62.43
2002q1 51.45 63.28
2002q2 49.44 64.03
2002q3 49.56 65.01
2002q4 50.48 65.48
2003q1 50.61 64.84
2003q2 49.36 64.55
2003q3 49.90 64.16
2003q4 48.68 62.21
2004q1 48.31 63.12
2004q2 50.48 64.59
2004q3 50.25 63.71
2004q4 51.15 65.44
2005q1 53.17 64.67
2005q2 54.04 64.34
2005q3 53.19 65.61
2005q4 53.79 66.19
2006q1 54.03 68.47
2006q2 55.01 68.54
2006q3 56.57 66.90
2006q4 56.61 67.04
2007q1 55.95 64.97
2007q2 55.00 64.09
2007q3 54.97 65.21
2007q4 52.78 64.41
2008q1 53.17 64.75
2008q2 52.85 64.34
2008q3 50.99 63.21
2008q4 51.59 61.98
2009q1 48.93 59.88
2009q2 45.72 57.69
2009q3 45.36 55.64
2009q4 45.00 53.85
2010q1 43.90 54.56
2010q2 45.28 55.63
2010q3 44.73 57.96
2010q4 42.75 58.45
2011q1 43.62 59.01
2011q2 43.56 59.41
2011q3 45.01 59.21

Note: Probability of being employed 3 and 12 months after losing job. Four-quarter moving average of not seasonally adjusted data. NBER-dated recessions were about end of 2001q1 though early 2001q4 and late 2007q4 through late 2009q2.

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Last update: February 2, 2012