C.A.R. Sacramento Photo Opportunity for Wednesday, June 8, 2005.

WHAT:      Nearly 2,000 members of the California Association of
           REALTORS(R) (C.A.R.) will be wrapped in red tape on the
           steps of the state Capitol in Sacramento, Calif., Wednesday
           morning to protest local, city and legislative barriers to
           homeownership.

WHEN:      Wednesday, June 8, 2005
           11:15 a.m.

WHERE:     West steps of the Capitol building
           10th Street between N and L Streets
           Sacramento, Calif.

WHY:       With less than one in four households in California able to
           afford a median priced home, local governments and the
           legislature need to look at creative solutions to solving
           the state's affordability crisis.

           All Californians deserve an opportunity to step on the
           first rung of the homeownership ladder, but as long as
           overly burdensome or unnecessary constraints on the housing
           supply remain in place, families in California will remain
           locked out.

Leading the Way...(R) in California real estate for 100 years, the California Association of REALTORS(R) (www.car.org) is one of the largest state trade organizations in the United States, with more than 165,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.