1. First Speaker; Mr. Steve Bottfeld www.BottfeldReport.com

2. TWO OBJECTIVES PUT HOUSING STATISTICS IN PERSPECTIVE BY ASKING THE RIGHT QUESTION PUT HOUSING STATISTICS IN PERSPECTIVE BY ASKING THE RIGHT QUESTION SHOW YOU A NEW MAJOR DEMOGRAPHIC TREND AFFECTING YOUR MARKET. SHOW YOU A NEW MAJOR DEMOGRAPHIC TREND AFFECTING YOUR MARKET.

3. IN-MIGRATION ARIZONA, ARIZONA, FLORIDAFLORIDA NEW YORK-NEW JERSEYNEW YORK-NEW JERSEY NEVADA, TEXASNEVADA, TEXAS

4. CHANGING! Median Prices Median Prices Duke CityDuke City $183,990- $229,000$183,990- $229,000

5. PRICE COMPARISON

7. SALESTRAQ TM Of New Mexico New Home Base Price Stats Albuquerque / Rio Rancho / Los Lunas David Murphy - Publisher

8. $231,839 $256,174 “Volterra” More than 10 new subdivisions added

9. Current Average & Median for “Volterra” subdivision: * NEW HOME BROCHURE BASE ASKING PRICE Base price average = $282,354 Base price median = $265,990 Average square feet = 2,299 sq. ft. Median square feet = 2,242 sq. ft.

10. Reminder – the price fluctuations in Albuquerque have much to do with product.

12. Hurricane Katrina Buyer’s Market! Peak demand

13. What have been the lowest new home prices historically?

14. $112,990 $74,990 $155,990 $69,990 $119,990

15. Total number of homes (Supply ) SOURCES: Southwest MLS / Albuquerque Metropolitan Board of Realtors (Resale) and SalesTraq of New Mexico (New) Light gray represents resale units which sold Dark gray represents new home “menu”