Market Performance Gauge.

Market Performance Gauge
Highest-performing coastal MSAs over the last one-year period
(through 6/30/00)
EAST COAST
                                         Aggregate Market
Rank                State                Performance Gauge
 1          ATLANTIC-CAPE MAY, NJ              18.5%
 2           NASSAU-SUFFOLK, NY                14.2%
 3    BOSTON-WORCESTER-LAWRENCE-LOWELL-        13.1%
                BROCKTON, MA
 4         BARNSTABLE-YARMOUTH, MA             12.6%
 5               TRENTON, NJ                   12.0%
 6               NEWARK, NJ                    11.8%
 7               NAPLES, FL                    11.1%
 8           MONMOUTH-OCEAN, NJ                10.7%
 9    MIDDLESEX-SOMERSET-HUNTERDON, NJ         10.6%
 10            JERSEY CITY, NJ                 10.2%
WEST COAST
                                            Aggregate Market
Rank                 State                  Performance Gauge
  1            SAN FRANCISCO, CA                  32.8%
  2               SAN JOSE, CA                    32.2%
  3               OAKLAND, CA                     20.9%
  4        SANTA CRUZ-WATSONVILLE, CA             18.0%
  5              SANTA ROSA, CA                   17.9%
  6               SALINAS, CA                     16.2%
  7        VALLEJO-FAIRFIELD-NAPA, CA             15.3%
  8              SAN DIEGO, CA                    13.4%
  9            STOCKTON-LODI, CA                  11.4%
 10   SANTA BARBARA-SANTA MARIA-LOMPOC, CA         9.8%

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 change a 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 Shiller Weiss, Inc., Cambridge, MA