FOR IMMEDIATE RELEASE

The Case-Shiller Composite 20 index tracks the value of homes in the 20 largest metropolitan areas in the United States.

The Case-Shiller Index value for Dallas in Mar. 2003: 112.93 in Aug. 2007: 126.31 in Jan. 2009: 112.60 (down 12% between 2009 and 2007)

…for Chicago in May 2003: 130.52 Sept. 2006: 168.60 Jan. 2009: 130.85 (down 23%)

…for Los Angeles in Sept. 2003: 165.29 Sept. 2006: 273.94 Jan. 2009: 166.55 (down 40%)

…for Miami in Sept. 2003: 157.28 Dec. 2006: 280.87 Jan. 2009: 158.97 (down 44%)

…for Phoenix in Feb. 2003: 117.72 Jun. 2006: 227.42 Jan. 2009: 117.13 (down 49%)

…and for Las Vegas in May 2003: 125.68 Aug. 2006: 234.78 Jan. 2009: 125.68 (down 47%)

The Case-Shiller value for Las Vegas today: 92.55 (down another 27% from 2009 and 2003)

Growth in the Case-Shiller value for Miami between 2000 and peak in 2006: 281%

Miami is now down 47% from that peak, and down 11% from 2003 and 2009.

For further information please contact: [email protected] or 212-560-0670