1. FRESNO COUNTY Housing Affordability

2. MEDIAN PRICE OF EXISTING DETACHED HOMES Fresno County, January 2015: $211,470, Up 14.9% YTY SERIES: Median Price of Existing Single Family Homes SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

3. HOUSING AFFORDABILITY IN CA: BY COUNTY SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS® HAI % able to purchase median priced home 2014 Q4

4. HOUSING AFFORDABILITY Central Valley – 4 th Quarter 2014 SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

5. HOUSING AFFORDABILITY INDEX Fresno County, 4 th Quarter 2014: 53% % OF HOUSEHOLDS THAT CAN BUY SERIES: Housing Affordability Index of Traditional Buyers SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

6. MONTHLY MORTGAGE PAYMENT, (PEAK VS. CURRENT) SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

7. MEDIAN MONTHLY MORTGAGE PAYMENT FRESNO What Will Happen When Mortgage Rates Increase? Q4-2014 Median Price $201,840 20% Downpayment INTEREST RATE MONTHLY MORTGAGE SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

8. INCOME REQUIRED TO BUY A MEDIAN-PRICED HOME, (PEAK VS. CURRENT) SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

9. MINIMUM QUALIFYING INCOME FRESNO What Will Happen When Mortgage Rates Increase? Q4-2014 Median Price $201,840 20% Downpayment INTEREST RATE Minimum Qualifying Income SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

10. HOUSING AFFORDABILITY INDEX, (PEAK VS. CURRENT) SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®

11. MINIMUM QUALIFYING INCOME FRESNO What Will Happen When Mortgage Rates Increase? Q4-2014 Median Price $201,840 20% Downpayment INTEREST RATE Minimum Qualifying Income SERIES: Housing Affordability Index SOURCE: CALIFORNIA ASSOCIATION OF REALTORS®