4. Source: First Republic Prestige Index March 1990, $1,648,000

5. Source: First Republic Prestige Index

6. $5,000,000 and Above $2,000,000 - $5,000,000 $1,000,000 - $2,000,000 $500,000 - $1,000,000 $500,000 and Below Estate High-End Affluent Move-Up Market Affordable

7. Source: Property Sciences 46% of listings are short sales

8. 58% of listings are short sales Source: Property Sciences

9. 63% of listings are short sales

10. Source: Altos Research LLC Zip Codes- 89135, 89144, 89145 Upper QuartileBottom Quartile

11. Source: NAHB, US Census Arizona6,595,778144,5002.2% California36,961,66449,5000.1% Colorado5,024,748146,2002.9% Nevada2,643,08575,6002.9% Oregon3,825,65727,7000.7% Washington6,664,19511,2000.2% 2010 Population Cumulative Deficit % of Pop.

14. Paul Chandler President and CEO Property Sciences Tel: (925) 246-7301 E-mail: paul.chandler@propsci.compaul.chandler@propsci.com www.PropSci.com Paul Chandler President and CEO Property Sciences Tel: (925) 246-7301 E-mail: paul.chandler@propsci.compaul.chandler@propsci.com www.PropSci.com