Prices stabilizing

According to the February 2010 RPX Monthly Housing Market Report by Radar Logic Incorporated, the data does not indicate that a second nationwide decline in home prices is under way. In fact, trends in home prices and sales activity were more upbeat in February 2010 than they have been at this time of year since the peak of the housing boom. The 25-MSA RPX Composite price remained flat in February on both a month-over-month and year-over-year basis, which was its best performance during the month of February since 2007. The 25-metro-area RPX transaction count increased 37% year over year, the first such increase in February since 2005. The stability in the 25-MSA RPX Composite price from January to February 2010 was driven by increases in the RPX prices for western metropolitan areas. The RPX composite price for the western region increased 2% in February on a month-over-month basis, while the RPX prices for the Midwest, Northeast and South each declined 2%.

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Neil D. Lyon CRB, CRS, GRI Cell: 505.660.8600 Direct: 505.954.5505

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