Market Performance Gauge.

Market Performance Gauge
Highest-performing metropolitan areas over the last six-month
period (through 3/31/01)
Rank                       MSA                       Performance Gauge
 1                     SALINAS, CA                         11.1%
 2                  STOCKTON-LODI, CA                      10.9%
 3             VALLEJO-FAIRFIELD-NAPA, CA                  9.2%
 4                     MODESTO, CA                         8.5%
 5                     OAKLAND, CA                         8.4%
 6                    SAN JOSE, CA                         8.3%
 7                   JERSEY CITY, NJ                       8.2%
 8                   SACRAMENTO, CA                        8.0%
 9     SAN LUIS OBISPO-ATASCADERO-PASO ROBLES, CA          7.7%
10                 CHICO-PARADISE, CA                      6.6%
11                 FORT LAUDERDALE, FL                     6.1%
12              SANTA CRUZ-WATSOVILLE, CA                  5.9%
13                  SAN FRANCISCO, CA                      5.7%
14                 NASSAU-SUFFOLK, NY                      5.5%
15    BOSTON-WORCESTER-LAWRENCE-LOWELL-BROCKTON, MA        5.2%
16                   PUNTA GORDA, FL                       4.9%
17                  NEW YORK CITY, NY                      4.6%
18                     TRENTON, NJ                         4.6%
19                    SAN DIEGO, CA                        4.5%
20               BARNSTABLE-YARMOUTH, MA                   4.3%
21                   SANTA ROSA, CA                        4.2%
22                     DENVER, CO                          4.2%
23              MINNEAPOLIS-ST. PAUL, MN                   4.1%
24              FORT MYERS-CAPE CORAL, FL                  4.0%
25                    NEWBURGH, NY                         4.0%
CSW's Market Performance Gauge depicts home price performance among
the metropolitan areas highlighted. The gauge is derived from the
Case-Shiller Indexes, which are based upon the repeat sales method
pioneered by CSW's research principals. These indexes are widely
accepted as the most meaningful indicators of market-specific home
price changes through time. CSW measures home price changes by
aggregate market change and by low-, middle- and high-price tiers
within each market. Price-tier thresholds are market-specific and
are calibrated to capture one-third of each market per tier. Additional
information regarding these and related measures is available on
the Internet at www.cswonline.com.
SOURCE: Case ShillerWeiss, Inc., Cambridge, MA