1. Payment Default More Foreclosur es Falling Prices Negative Equity

2. NYC 12.9

4. Months SupplyPricing 1-2 Double digit appreciation 3-4 Single digit appreciation 5-6 The Norm 7-8 Single digit depreciation 9+ Double digit depreciation Inventory vs. Price Source: KeepingCurrentMatters.com 01/10

8. Existing Home Sales before and after Tax Credit Homebuyers’ Tax Credit passed in February Homebuyers’ Tax Credit initially set to expire November 30 th

9. Return on Investment Jan 1, 2000 – Dec 31, 2009 Dow Jones - 5.6% S&P 500 - 20.9% NASDAQ - 43.9 Real Estate + 56.2%

10. RATE

12. % of loans not in foreclosure with associated late payments Source: LPS Mortgage Monitor 2/10Source: KCM Keeping Current Matters

19. % Appreciation in 5 Year Increments Source: Brookings Papers and Case Shiller

20. 20072008 20092010

21. Keeping Current Matters % of Residential Vacancies Source: KCMSource: Census Bureau

22. Speaking Crew Page KCM complete KCM Blog Quick Report

23. Speaking Crew Page KCM complete KCM Blog Quick Report

24. Speaking Crew Page KCM complete KCM Blog Quick Report

25. www. KCMblog.com