5
Single-Family Homes State Metro Area Population (2011) Households (2010) Unemploy- ment Rate (Feb 2012) Median Family Income (2011:Q4) Median Home Price (2011:Q4) Median Home Price/ Median Family Income (at Price Peak) Median Mortgage Payment/ Median Monthly Family Income (at Price Peak) Median Home Price/ Median Family Income (2011:Q4) Median Mortgage Payment/ Median Monthly Family Income (2011:Q4) Change in Home Prices (2006:Q4- 2011:Q4) Annualized Change in Home Prices (2006:Q4- 2011:Q4) Change in Home Prices (2008:Q4- 2011:Q4) Annualized Change in Home Prices (2008:Q4- 2011:Q4) Change in Home Prices (2010:Q4- 2011:Q4) Forecast Change in Home Prices (2011:Q4 to 2012:Q4) Forecast Change in Home Prices (2012:Q4 to 2013:Q4) Annualized Change in Home Prices (2011:Q4- 2016:Q4) Prices Reached Peak in Change in Home Prices (Peak to 2011:Q4) United States 311,591,917 116,716,290 8.3% 63,000 163,000 3.9 23% 2.6 12% -32.6% -7.6% -9.9% -3.4% -4.0% -0.8% 4.2% 3.9% 2006:Q1 -34.2% AK Anchorage, AK Metropolitan Statistical Area 387,516 139,156 6.1% 83,300 1.8% 0.4% 0.2% 0.1% 0.3% 2.1% 2.8% 4.3% 2007:Q2 -0.6% AK Fairbanks, AK Metropolitan Statistical Area 99,192 36,441 6.4% 74,500 3.8% 0.8% 1.3% 0.4% 0.8% -2.1% 0.2% 1.9% 2008:Q1 -1.4% AL Anniston-Oxford, AL Metropolitan Statistical Area 117,797 47,331 7.8% 51,700 -3.1% -0.6% -6.6% -2.3% -2.4% -1.4% 0.6% 4.2% 2009:Q4 -10.8% AL Auburn-Opelika, AL Metropolitan Statistical Area 143,468 55,682 6.1% 61,400 -7.7% -1.6% -8.6% -2.9% -3.0% -4.0% 1.9% 3.4% 2008:Q1 -9.8% AL Birmingham-Hoover, AL Metropolitan Statistical Area 1,132,264 441,924 6.6% 55,600 131,000 2.3 12% 2.4 11% -5.4% -1.1% -7.5% -2.6% -2.0% -0.8% 1.2% 3.9% 2009:Q1 -8.7% AL Decatur, AL Metropolitan Statistical Area 154,070 60,684 7.1% 54,000 4.1% 0.8% -3.3% -1.1% -3.6% -2.0% 0.7% 3.2% 2009:Q2 -4.4% AL Dothan, AL Metropolitan Statistical Area 146,562 58,883 6.7% 48,800 -4.5% -0.9% -8.7% -3.0% -5.8% -0.8% 1.0% 3.5% 2009:Q1 -10.3% AL Florence-Muscle Shoals, AL Metropolitan Statistical Area 147,293 61,453 6.9% 50,100 5.9% 1.2% -1.2% -0.4% -1.1% 0.2% 1.6% 3.4% 2009:Q1 -5.1% AL Gadsden, AL Metropolitan Statistical Area 104,303 42,036 7.0% 41,000 1.4% 0.3% -3.8% -1.3% 0.6% -0.2% -0.4% 1.1% 2009:Q1 -4.1% AL Huntsville, AL Metropolitan Statistical Area 425,480 166,146 6.4% 69,900 5.0% 1.0% -2.5% -0.8% -1.5% -0.6% 0.3% 2.9% 2009:Q3 -3.0% AL Mobile, AL Metropolitan Statistical Area 412,577 158,435 8.4% 51,300 139,000 2.9 16% 2.7 12% -15.8% -3.4% -19.7% -7.0% 3.0% -4.3% 3.6% 5.3% 2008:Q1 -20.7% AL Montgomery, AL Metropolitan Statistical Area 378,608 142,855 7.5% 60,000 128,000 2.2 13% 2.1 10% -5.3% -1.1% -7.9% -2.7% -2.4% -1.6% 0.2% 4.3% 2008:Q1 -9.2% AL Tuscaloosa, AL Metropolitan Statistical Area 221,553 86,178 7.0% 54,500 0.5% 0.1% -4.9% -1.7% -2.1% -0.3% 2.4% 4.6% 2009:Q1 -5.9% AR Fayetteville-Springdale-Rogers, AR-MO Metropolitan Statistical Area 473,830 173,054 5.7% 55,400 -16.7% -3.6% -12.0% -4.2% -2.4% -3.8% 1.1% 2.4% 2007:Q2 -16.9% AR Fort Smith, AR-OK Metropolitan Statistical Area 300,087 115,169 8.4% 45,900 2.4% 0.5% -1.9% -0.6% -1.2% -0.9% -0.2% 1.6% 2009:Q1 -4.1% AR Hot Springs, AR Metropolitan Statistical Area 97,124 40,994 7.7% 45,700 0.6% 0.1% -7.3% -2.5% -2.1% 1.7% 0.5% 2.7% 2008:Q4 -7.0% AR Jonesboro, AR Metropolitan Statistical Area 122,829 47,045 7.3% 44,800 4.2% 0.8% 2.2% 0.7% 1.3% -0.5% 0.5% 1.7% 2009:Q3 -0.6% AR Little Rock-North Little Rock-Conway, AR Metropolitan Statistical Area 709,901 279,225 6.9% 60,500 132,000 2.1 11% 2.2 10% 2.2% 0.4% -0.6% -0.2% 0.2% -0.7% 0.3% 2.0% 2009:Q1 -2.0% AR Pine Bluff, AR Metropolitan Statistical Area 98,924 36,496 9.6% 40,500 -0.3% -0.1% -4.0% -1.3% -3.8% -1.1% 0.0% 2.8% 2009:Q2 -6.6% AZ Flagstaff, AZ Metropolitan Statistical Area 134,511 46,711 8.3% 53,600 239,000 6.3 39% 4.5 20% -35.9% -8.5% -26.0% -9.6% -2.0% -7.7% 1.0% 6.1% 2006:Q2 -37.9% AZ Lake Havasu City-Kingman, AZ Metropolitan Statistical Area 202,351 82,539 10.1% 43,200 -42.6% -10.5% -22.8% -8.3% -3.0% -1.8% 3.5% 4.0% 2006:Q3 -43.6% AZ Phoenix-Mesa-Glendale, AZ Metropolitan Statistical Area 4,263,236 1,537,173 7.7% 59,300 136,000 4.6 28% 2.3 10% -54.3% -14.5% -18.2% -6.5% -1.2% -11.1% 0.4% 1.7% 2006:Q2 -56.0% AZ Prescott, AZ Metropolitan Statistical Area 211,888 90,903 9.0% 48,100 160,000 5.5 34% 3.3 15% -45.8% -11.5% -24.2% -8.8% -3.2% -6.8% -0.9% 4.9% 2006:Q2 -46.8% AZ Tucson, AZ Metropolitan Statistical Area 989,569 388,660 7.8% 57,200 142,000 4.5 27% 2.5 11% -44.3% -11.1% -26.0% -9.6% -10.7% -4.1% 4.1% 8.2% 2006:Q1 -45.8% AZ Yuma, AZ Metropolitan Statistical Area 200,870 64,767 28.3% 45,200 -37.7% -9.0% -26.3% -9.7% -8.7% 0.8% 15.8% 6.6% 2006:Q4 -37.4% CA Bakersfield-Delano, CA Metropolitan Statistical Area 851,710 254,610 14.1% 51,100 126,000 6.0 37% 2.5 11% -56.5% -15.4% -16.4% -5.8% -2.4% -6.1% 3.9% 6.6% 2006:Q2 -58.3% CA Chico, CA Metropolitan Statistical Area 220,266 87,618 12.8% 54,200 175,000 5.8 34% 3.2 15% -41.0% -10.0% -19.3% -6.9% -7.4% -5.3% -1.0% 5.0% 2005:Q4 -43.8% CA El Centro, CA Metropolitan Statistical Area 177,057 49,126 29.0% 46,400 132,000 6.2 38% 2.8 13% -52.5% -13.8% -13.6% -4.7% -1.2% -6.0% -0.7% 3.4% 2006:Q2 -54.0% CA Fresno, CA Metropolitan Statistical Area 942,904 289,391 15.5% 52,900 158,000 6.3 38% 3.0 14% -52.2% -13.7% -16.8% -6.0% -7.0% -3.5% 3.2% 5.8% 2006:Q1 -54.7% CA Hanford-Corcoran, CA Metropolitan Statistical Area 153,765 41,233 14.9% 48,700 140,000 5.4 33% 2.9 13% -45.5% -11.4% -22.2% -8.0% -9.9% -1.5% 0.3% 3.0% 2006:Q2 -47.8% CA Los Angeles-Long Beach-Glendale, CA Metropolitan Division 9,889,056 3,241,204 11.8% 60,300 325,000 9.7 60% 5.4 25% -42.1% -10.3% -6.3% -2.2% -5.1% -1.8% 0.2% 2.9% 2006:Q2 -42.5% CA Madera-Chowchilla, CA Metropolitan Statistical Area 152,925 43,317 14.4% 52,500 -52.6% -13.9% -27.7% -10.3% -10.0% 4.3% 16.5% 10.3% 2006:Q3 -53.1% CA Merced, CA Metropolitan Statistical Area 259,898 75,642 17.5% 48,600 118,000 8.6 51% 2.4 11% -66.4% -19.6% -10.0% -3.5% -1.9% -7.9% 3.8% 6.2% 2006:Q1 -69.1% CA Modesto, CA Metropolitan Statistical Area 518,522 165,180 15.7% 54,800 141,000 7.5 45% 2.6 12% -62.1% -17.6% -16.5% -5.8% -4.4% -5.7% 0.1% 7.5% 2006:Q1 -64.4% CA Napa, CA Metropolitan Statistical Area 138,088 48,876 8.2% 77,400 330,000 8.2 49% 4.3 19% -49.4% -12.7% -17.4% -6.2% -7.8% -1.9% 10.8% 9.7% 2006:Q1 -51.7% CA Oakland-Fremont-Hayward, CA Metropolitan Division 2,595,971 920,502 9.6% 86,500 340,000 7.6 45% 3.9 18% -43.9% -10.9% -1.7% -0.6% -5.5% -3.3% 0.1% 4.3% 2006:Q1 -45.9% CA Oxnard-Thousand Oaks-Ventura, CA Metropolitan Statistical Area 831,771 266,920 9.5% 83,600 369,000 7.8 47% 4.4 20% -41.1% -10.1% -7.1% -2.4% -9.5% -2.3% 5.2% 5.2% 2006:Q1 -43.6% CA Redding, CA Metropolitan Statistical Area 177,774 70,346 13.0% 52,800 170,000 5.6 34% 3.2 15% -45.9% -11.6% -25.0% -9.2% -6.7% -4.3% 2.0% 6.2% 2006:Q1 -49.0% CA Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area 4,304,997 1,297,878 12.5% 60,200 180,000 6.5 40% 3.0 14% -55.9% -15.1% -10.8% -3.7% -4.1% -8.6% -1.4% 4.3% 2006:Q2 -56.6% CA Sacramento-Arden-Arcade-Roseville, CA Metropolitan Statistical Area 2,176,235 787,667 11.1% 68,800 190,000 6.7 40% 2.8 13% -51.0% -13.3% -14.7% -5.2% -6.6% -3.7% 4.8% 6.3% 2005:Q4 -54.7% CA Salinas, CA Metropolitan Statistical Area 421,898 125,946 10.9% 60,800 250,000 10.3 62% 4.1 19% -58.8% -16.2% -6.9% -2.4% -1.1% -4.6% -0.5% 5.7% 2006:Q1 -61.7% CA San Diego-Carlsbad-San Marcos, CA Metropolitan Statistical Area 3,140,069 1,086,865 9.3% 70,100 360,000 8.8 52% 5.1 23% -36.7% -8.7% -1.3% -0.4% -5.5% -1.8% 2.4% 4.2% 2006:Q1 -40.0% CA San Francisco-San Mateo-Redwood City, CA Metropolitan Division 1,795,066 706,858 7.5% 98,500 630,000 8.6 51% 6.4 29% -24.2% -5.4% -5.3% -1.8% -1.6% -1.3% 8.9% 6.2% 2007:Q1 -27.0% CA San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area 1,865,450 621,009 8.9% 99,500 514,000 7.9 46% 5.2 24% -32.0% -7.4% 1.7% 0.6% -2.6% -1.2% 1.2% 5.0% 2007:Q1 -32.9% CA San Luis Obispo-Paso Robles, CA Metropolitan Statistical Area 271,969 102,016 8.5% 68,700 345,000 8.5 51% 5.0 23% -38.8% -9.4% -17.1% -6.1% -5.4% -2.5% 5.8% 7.4% 2006:Q1 -42.3% CA Santa Ana-Anaheim-Irvine, CA Metropolitan Division 3,055,745 992,781 8.1% 81,300 470,000 8.7 52% 5.8 26% -35.9% -8.5% -4.6% -1.5% -5.4% -2.7% 0.4% 2.7% 2006:Q1 -37.5% CA Santa Barbara-Santa Maria-Goleta, CA Metropolitan Statistical Area 426,878 142,104 8.3% 68,800 266,000 7.6 43% 3.9 18% -46.6% -11.8% -9.4% -3.2% -7.7% -4.7% 4.7% 7.4% 2005:Q3 -51.0% CA Santa Cruz-Watsonville, CA Metropolitan Statistical Area 264,298 94,355 11.3% 71,500 433,000 10.5 62% 6.1 28% -39.4% -9.5% -4.4% -1.5% -5.6% -3.9% 7.3% 6.0% 2005:Q4 -43.4% CA Santa Rosa-Petaluma, CA Metropolitan Statistical Area 488,116 185,825 9.0% 72,300 310,000 7.8 46% 4.3 20% -44.0% -11.0% -9.1% -3.2% -7.1% -4.0% 8.7% 6.6% 2006:Q1 -48.0% CA Stockton, CA Metropolitan Statistical Area 696,214 215,007 15.5% 56,700 168,000 8.4 50% 3.0 14% -61.2% -17.3% -14.0% -4.9% -6.3% -4.0% 1.0% 6.5% 2006:Q1 -63.4% CA Vallejo-Fairfield, CA Metropolitan Statistical Area 416,471 141,758 10.5% 75,800 209,000 6.5 39% 2.8 13% -59.2% -16.4% -18.5% -6.6% -8.1% -2.4% 1.5% 7.1% 2006:Q1 -60.9% CA Visalia-Porterville, CA Metropolitan Statistical Area 449,253 130,352 15.8% 46,900 141,000 6.0 36% 3.0 14% -50.8% -13.2% -18.2% -6.5% -4.5% -5.0% 3.0% 6.2% 2006:Q1 -53.4% CA Yuba City, CA Metropolitan Statistical Area 167,497 55,744 17.5% 54,800 -49.4% -12.7% -18.5% -6.6% -10.8% -3.6% 8.9% 4.0% 2005:Q4 -51.9% CO Boulder, CO Metropolitan Statistical Area 299,378 119,300 5.7% 88,800 350,000 4.0 24% 3.9 18% -3.2% -0.7% -2.4% -0.8% -0.5% -2.1% 3.0% 4.4% 2007:Q1 -4.0% CO Colorado Springs, CO Metropolitan Statistical Area 660,319 245,764 8.7% 66,300 204,000 3.5 22% 3.1 14% -13.8% -2.9% -4.2% -1.4% -1.9% -1.4% 8.0% 5.0% 2007:Q2 -14.6% CO Denver-Aurora-Broomfield, CO Metropolitan Statistical Area 2,599,504 1,004,696 7.5% 75,000 251,000 3.7 22% 3.4 15% -10.2% -2.1% -1.6% -0.5% -0.6% -3.4% 0.6% 1.6% 2006:Q1 -11.1% CO Fort Collins-Loveland, CO Metropolitan Statistical Area 305,525 120,295 5.9% 73,300 230,000 3.3 20% 3.1 14% -2.9% -0.6% 0.7% 0.2% 1.8% -2.8% 6.6% 4.9% 2007:Q2 -4.0% CO Grand Junction, CO Metropolitan Statistical Area 147,083 58,095 8.3% 59,100 172,000 3.8 23% 2.9 13% -24.8% -5.5% -27.8% -10.3% -6.4% -2.5% 6.3% 5.6% 2008:Q2 -31.0% CO Greeley, CO Metropolitan Statistical Area 258,638 89,349 8.2% 64,000 184,000 3.9 23% 2.9 13% -12.9% -2.7% 2.3% 0.8% 3.8% -4.7% 0.4% 3.0% 2006:Q1 -15.1% CO Pueblo, CO Metropolitan Statistical Area 160,545 62,972 10.1% 49,700 -6.5% -1.3% -3.4% -1.2% -2.6% -1.8% 10.0% 5.0% 2007:Q1 -8.5% CT Bridgeport-Stamford-Norwalk, CT Metropolitan Statistical Area 925,899 335,545 7.1% 98,500 440,000 5.9 35% 4.5 20% -18.1% -3.9% -10.3% -3.6% -2.7% -1.8% 0.6% 2.9% 2006:Q1 -19.8% CT Hartford-West Hartford-East Hartford, CT Metropolitan Statistical Area 1,213,255 472,533 7.4% 83,600 214,000 3.1 18% 2.6 12% -13.9% -2.9% -10.2% -3.5% -4.2% -1.4% 4.0% 4.0% 2007:Q1 -16.9% CT New Haven-Milford, CT Metropolitan Statistical Area 861,113 334,502 8.3% 75,900 215,000 3.7 23% 2.8 13% -20.7% -4.5% -12.0% -4.2% -4.0% -0.8% 6.8% 5.4% 2006:Q2 -22.2% CT Norwich-New London, CT Metropolitan Statistical Area 273,502 107,057 7.5% 80,000 202,000 3.5 21% 2.5 12% -21.1% -4.6% -15.4% -5.4% -6.7% -1.3% 3.8% 6.5% 2006:Q2 -22.5% DC Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,477,409 1,632,844 5.7% 103,000 349,000 4.6 27% 3.4 15% -24.2% -5.4% 7.4% 2.4% -0.7% -1.8% 2.5% 2.9% 2006:Q1 -28.6% DE Dover, DE Metropolitan Statistical Area 164,834 60,278 6.9% 67,100 170,000 3.4 20% 2.5 12% -20.1% -4.4% -15.8% -5.6% -5.6% -1.0% 3.7% 3.6% 2007:Q1 -21.0% DE Wilmington, DE-MD-NJ Metropolitan Division 709,567 264,808 7.3% 77,900 225,000 3.4 21% 2.9 13% -20.4% -4.5% -13.0% -4.5% -4.0% -3.1% 2.9% 4.4% 2007:Q2 -21.2% FL Cape Coral-Fort Myers, FL Metropolitan Statistical Area 631,330 259,818 9.6% 54,500 114,000 4.1 24% 2.1 10% -56.4% -15.3% -11.9% -4.2% 3.5% -8.0% -1.3% 5.5% 2006:Q1 -59.8% FL Crestview-Fort Walton Beach-Destin, FL Metropolitan Statistical Area 183,482 72,379 6.0% 62,300 188,000 3.8 23% 3.0 14% -32.2% -7.5% -14.1% -5.0% -2.8% -4.0% -2.9% 1.8% 2005:Q4 -40.6% FL Deltona-Daytona Beach-Ormond Beach, FL Metropolitan Statistical Area 494,804 208,236 9.5% 55,100 108,000 3.8 22% 2.0 9% -52.5% -13.9% -27.5% -10.2% -4.7% -2.7% 6.3% 8.8% 2006:Q1 -53.5% FL Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Division 1,780,172 686,047 7.9% 60,000 191,000 5.5 34% 3.2 15% -48.1% -12.3% -14.5% -5.1% -3.6% -6.7% -6.1% 1.2% 2006:Q2 -50.0% FL Gainesville, FL Metropolitan Statistical Area 266,369 106,637 7.1% 62,600 155,000 3.5 20% 2.5 11% -32.8% -7.6% -21.2% -7.6% -7.0% -4.1% 3.4% 4.7% 2007:Q1 -32.9% FL Jacksonville, FL Metropolitan Statistical Area 1,360,251 524,146 8.7% 61,600 164,000 3.7 23% 2.7 12% -39.8% -9.7% -21.2% -7.7% -3.8% -6.2% -0.3% 5.8% 2006:Q2 -40.3% FL Lakeland-Winter Haven, FL Metropolitan Statistical Area 609,492 227,485 10.2% 49,700 105,000 3.9 24% 2.1 10% -54.4% -14.5% -24.8% -9.1% -1.8% -4.8% 4.1% 9.2% 2006:Q2 -55.8% FL Miami-Miami Beach-Kendall, FL Metropolitan Division 2,554,766 867,352 10.3% 47,600 182,000 7.2 42% 3.8 17% -53.2% -14.1% -18.9% -6.7% -1.4% -6.4% -3.8% -0.1% 2007:Q1 -54.2% FL Naples-Marco Island, FL Metropolitan Statistical Area 328,134 133,179 8.8% 63,800 235,000 6.8 41% 3.7 17% -52.6% -13.9% -11.9% -4.1% -0.6% -9.5% -4.5% 1.3% 2006:Q1 -54.7% FL North Port-Bradenton-Sarasota, FL Metropolitan Statistical Area 709,355 311,475 9.0% 58,200 159,000 4.8 29% 2.7 12% -47.7% -12.2% -14.7% -5.2% -3.5% -2.5% -1.7% 2.7% 2006:Q1 -53.0% FL Ocala, FL Metropolitan Statistical Area 332,529 137,726 10.4% 44,500 95,000 4.0 24% 2.1 10% -52.0% -13.7% -29.3% -10.9% -6.1% -3.5% 4.1% 9.1% 2006:Q3 -52.1% Demographics Housing Affordability Home Price Changes

Fiserv Home Price Forecasts Apr 2012 (2)

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Page 1: Fiserv Home Price Forecasts Apr 2012 (2)

Single-Family Homes

State Metro Area

Population

(2011)

Households

(2010)

Unemploy-

ment Rate

(Feb 2012)

Median

Family

Income

(2011:Q4)

Median Home

Price

(2011:Q4)

Median Home

Price/

Median

Family

Income

(at Price Peak)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(at Price Peak)

Median Home

Price/

Median

Family

Income

(2011:Q4)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(2011:Q4)

Change in

Home Prices

(2006:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2006:Q4-

2011:Q4)

Change in

Home Prices

(2008:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2008:Q4-

2011:Q4)

Change in

Home Prices

(2010:Q4-

2011:Q4)

Forecast

Change in

Home Prices

(2011:Q4 to

2012:Q4)

Forecast

Change in

Home Prices

(2012:Q4 to

2013:Q4)

Annualized

Change in

Home Prices

(2011:Q4-

2016:Q4)

Prices

Reached

Peak in

Change in

Home Prices

(Peak to

2011:Q4)

United States 311,591,917 116,716,290 8.3% 63,000 163,000 3.9 23% 2.6 12% -32.6% -7.6% -9.9% -3.4% -4.0% -0.8% 4.2% 3.9% 2006:Q1 -34.2%

AK Anchorage, AK Metropolitan Statistical Area 387,516 139,156 6.1% 83,300 1.8% 0.4% 0.2% 0.1% 0.3% 2.1% 2.8% 4.3% 2007:Q2 -0.6%

AK Fairbanks, AK Metropolitan Statistical Area 99,192 36,441 6.4% 74,500 3.8% 0.8% 1.3% 0.4% 0.8% -2.1% 0.2% 1.9% 2008:Q1 -1.4%

AL Anniston-Oxford, AL Metropolitan Statistical Area 117,797 47,331 7.8% 51,700 -3.1% -0.6% -6.6% -2.3% -2.4% -1.4% 0.6% 4.2% 2009:Q4 -10.8%

AL Auburn-Opelika, AL Metropolitan Statistical Area 143,468 55,682 6.1% 61,400 -7.7% -1.6% -8.6% -2.9% -3.0% -4.0% 1.9% 3.4% 2008:Q1 -9.8%

AL Birmingham-Hoover, AL Metropolitan Statistical Area 1,132,264 441,924 6.6% 55,600 131,000 2.3 12% 2.4 11% -5.4% -1.1% -7.5% -2.6% -2.0% -0.8% 1.2% 3.9% 2009:Q1 -8.7%

AL Decatur, AL Metropolitan Statistical Area 154,070 60,684 7.1% 54,000 4.1% 0.8% -3.3% -1.1% -3.6% -2.0% 0.7% 3.2% 2009:Q2 -4.4%

AL Dothan, AL Metropolitan Statistical Area 146,562 58,883 6.7% 48,800 -4.5% -0.9% -8.7% -3.0% -5.8% -0.8% 1.0% 3.5% 2009:Q1 -10.3%

AL Florence-Muscle Shoals, AL Metropolitan Statistical Area 147,293 61,453 6.9% 50,100 5.9% 1.2% -1.2% -0.4% -1.1% 0.2% 1.6% 3.4% 2009:Q1 -5.1%

AL Gadsden, AL Metropolitan Statistical Area 104,303 42,036 7.0% 41,000 1.4% 0.3% -3.8% -1.3% 0.6% -0.2% -0.4% 1.1% 2009:Q1 -4.1%

AL Huntsville, AL Metropolitan Statistical Area 425,480 166,146 6.4% 69,900 5.0% 1.0% -2.5% -0.8% -1.5% -0.6% 0.3% 2.9% 2009:Q3 -3.0%

AL Mobile, AL Metropolitan Statistical Area 412,577 158,435 8.4% 51,300 139,000 2.9 16% 2.7 12% -15.8% -3.4% -19.7% -7.0% 3.0% -4.3% 3.6% 5.3% 2008:Q1 -20.7%

AL Montgomery, AL Metropolitan Statistical Area 378,608 142,855 7.5% 60,000 128,000 2.2 13% 2.1 10% -5.3% -1.1% -7.9% -2.7% -2.4% -1.6% 0.2% 4.3% 2008:Q1 -9.2%

AL Tuscaloosa, AL Metropolitan Statistical Area 221,553 86,178 7.0% 54,500 0.5% 0.1% -4.9% -1.7% -2.1% -0.3% 2.4% 4.6% 2009:Q1 -5.9%

AR Fayetteville-Springdale-Rogers, AR-MO Metropolitan Statistical Area 473,830 173,054 5.7% 55,400 -16.7% -3.6% -12.0% -4.2% -2.4% -3.8% 1.1% 2.4% 2007:Q2 -16.9%

AR Fort Smith, AR-OK Metropolitan Statistical Area 300,087 115,169 8.4% 45,900 2.4% 0.5% -1.9% -0.6% -1.2% -0.9% -0.2% 1.6% 2009:Q1 -4.1%

AR Hot Springs, AR Metropolitan Statistical Area 97,124 40,994 7.7% 45,700 0.6% 0.1% -7.3% -2.5% -2.1% 1.7% 0.5% 2.7% 2008:Q4 -7.0%

AR Jonesboro, AR Metropolitan Statistical Area 122,829 47,045 7.3% 44,800 4.2% 0.8% 2.2% 0.7% 1.3% -0.5% 0.5% 1.7% 2009:Q3 -0.6%

AR Little Rock-North Little Rock-Conway, AR Metropolitan Statistical Area 709,901 279,225 6.9% 60,500 132,000 2.1 11% 2.2 10% 2.2% 0.4% -0.6% -0.2% 0.2% -0.7% 0.3% 2.0% 2009:Q1 -2.0%

AR Pine Bluff, AR Metropolitan Statistical Area 98,924 36,496 9.6% 40,500 -0.3% -0.1% -4.0% -1.3% -3.8% -1.1% 0.0% 2.8% 2009:Q2 -6.6%

AZ Flagstaff, AZ Metropolitan Statistical Area 134,511 46,711 8.3% 53,600 239,000 6.3 39% 4.5 20% -35.9% -8.5% -26.0% -9.6% -2.0% -7.7% 1.0% 6.1% 2006:Q2 -37.9%

AZ Lake Havasu City-Kingman, AZ Metropolitan Statistical Area 202,351 82,539 10.1% 43,200 -42.6% -10.5% -22.8% -8.3% -3.0% -1.8% 3.5% 4.0% 2006:Q3 -43.6%

AZ Phoenix-Mesa-Glendale, AZ Metropolitan Statistical Area 4,263,236 1,537,173 7.7% 59,300 136,000 4.6 28% 2.3 10% -54.3% -14.5% -18.2% -6.5% -1.2% -11.1% 0.4% 1.7% 2006:Q2 -56.0%

AZ Prescott, AZ Metropolitan Statistical Area 211,888 90,903 9.0% 48,100 160,000 5.5 34% 3.3 15% -45.8% -11.5% -24.2% -8.8% -3.2% -6.8% -0.9% 4.9% 2006:Q2 -46.8%

AZ Tucson, AZ Metropolitan Statistical Area 989,569 388,660 7.8% 57,200 142,000 4.5 27% 2.5 11% -44.3% -11.1% -26.0% -9.6% -10.7% -4.1% 4.1% 8.2% 2006:Q1 -45.8%

AZ Yuma, AZ Metropolitan Statistical Area 200,870 64,767 28.3% 45,200 -37.7% -9.0% -26.3% -9.7% -8.7% 0.8% 15.8% 6.6% 2006:Q4 -37.4%

CA Bakersfield-Delano, CA Metropolitan Statistical Area 851,710 254,610 14.1% 51,100 126,000 6.0 37% 2.5 11% -56.5% -15.4% -16.4% -5.8% -2.4% -6.1% 3.9% 6.6% 2006:Q2 -58.3%

CA Chico, CA Metropolitan Statistical Area 220,266 87,618 12.8% 54,200 175,000 5.8 34% 3.2 15% -41.0% -10.0% -19.3% -6.9% -7.4% -5.3% -1.0% 5.0% 2005:Q4 -43.8%

CA El Centro, CA Metropolitan Statistical Area 177,057 49,126 29.0% 46,400 132,000 6.2 38% 2.8 13% -52.5% -13.8% -13.6% -4.7% -1.2% -6.0% -0.7% 3.4% 2006:Q2 -54.0%

CA Fresno, CA Metropolitan Statistical Area 942,904 289,391 15.5% 52,900 158,000 6.3 38% 3.0 14% -52.2% -13.7% -16.8% -6.0% -7.0% -3.5% 3.2% 5.8% 2006:Q1 -54.7%

CA Hanford-Corcoran, CA Metropolitan Statistical Area 153,765 41,233 14.9% 48,700 140,000 5.4 33% 2.9 13% -45.5% -11.4% -22.2% -8.0% -9.9% -1.5% 0.3% 3.0% 2006:Q2 -47.8%

CA Los Angeles-Long Beach-Glendale, CA Metropolitan Division 9,889,056 3,241,204 11.8% 60,300 325,000 9.7 60% 5.4 25% -42.1% -10.3% -6.3% -2.2% -5.1% -1.8% 0.2% 2.9% 2006:Q2 -42.5%

CA Madera-Chowchilla, CA Metropolitan Statistical Area 152,925 43,317 14.4% 52,500 -52.6% -13.9% -27.7% -10.3% -10.0% 4.3% 16.5% 10.3% 2006:Q3 -53.1%

CA Merced, CA Metropolitan Statistical Area 259,898 75,642 17.5% 48,600 118,000 8.6 51% 2.4 11% -66.4% -19.6% -10.0% -3.5% -1.9% -7.9% 3.8% 6.2% 2006:Q1 -69.1%

CA Modesto, CA Metropolitan Statistical Area 518,522 165,180 15.7% 54,800 141,000 7.5 45% 2.6 12% -62.1% -17.6% -16.5% -5.8% -4.4% -5.7% 0.1% 7.5% 2006:Q1 -64.4%

CA Napa, CA Metropolitan Statistical Area 138,088 48,876 8.2% 77,400 330,000 8.2 49% 4.3 19% -49.4% -12.7% -17.4% -6.2% -7.8% -1.9% 10.8% 9.7% 2006:Q1 -51.7%

CA Oakland-Fremont-Hayward, CA Metropolitan Division 2,595,971 920,502 9.6% 86,500 340,000 7.6 45% 3.9 18% -43.9% -10.9% -1.7% -0.6% -5.5% -3.3% 0.1% 4.3% 2006:Q1 -45.9%

CA Oxnard-Thousand Oaks-Ventura, CA Metropolitan Statistical Area 831,771 266,920 9.5% 83,600 369,000 7.8 47% 4.4 20% -41.1% -10.1% -7.1% -2.4% -9.5% -2.3% 5.2% 5.2% 2006:Q1 -43.6%

CA Redding, CA Metropolitan Statistical Area 177,774 70,346 13.0% 52,800 170,000 5.6 34% 3.2 15% -45.9% -11.6% -25.0% -9.2% -6.7% -4.3% 2.0% 6.2% 2006:Q1 -49.0%

CA Riverside-San Bernardino-Ontario, CA Metropolitan Statistical Area 4,304,997 1,297,878 12.5% 60,200 180,000 6.5 40% 3.0 14% -55.9% -15.1% -10.8% -3.7% -4.1% -8.6% -1.4% 4.3% 2006:Q2 -56.6%

CA Sacramento-Arden-Arcade-Roseville, CA Metropolitan Statistical Area 2,176,235 787,667 11.1% 68,800 190,000 6.7 40% 2.8 13% -51.0% -13.3% -14.7% -5.2% -6.6% -3.7% 4.8% 6.3% 2005:Q4 -54.7%

CA Salinas, CA Metropolitan Statistical Area 421,898 125,946 10.9% 60,800 250,000 10.3 62% 4.1 19% -58.8% -16.2% -6.9% -2.4% -1.1% -4.6% -0.5% 5.7% 2006:Q1 -61.7%

CA San Diego-Carlsbad-San Marcos, CA Metropolitan Statistical Area 3,140,069 1,086,865 9.3% 70,100 360,000 8.8 52% 5.1 23% -36.7% -8.7% -1.3% -0.4% -5.5% -1.8% 2.4% 4.2% 2006:Q1 -40.0%

CA San Francisco-San Mateo-Redwood City, CA Metropolitan Division 1,795,066 706,858 7.5% 98,500 630,000 8.6 51% 6.4 29% -24.2% -5.4% -5.3% -1.8% -1.6% -1.3% 8.9% 6.2% 2007:Q1 -27.0%

CA San Jose-Sunnyvale-Santa Clara, CA Metropolitan Statistical Area 1,865,450 621,009 8.9% 99,500 514,000 7.9 46% 5.2 24% -32.0% -7.4% 1.7% 0.6% -2.6% -1.2% 1.2% 5.0% 2007:Q1 -32.9%

CA San Luis Obispo-Paso Robles, CA Metropolitan Statistical Area 271,969 102,016 8.5% 68,700 345,000 8.5 51% 5.0 23% -38.8% -9.4% -17.1% -6.1% -5.4% -2.5% 5.8% 7.4% 2006:Q1 -42.3%

CA Santa Ana-Anaheim-Irvine, CA Metropolitan Division 3,055,745 992,781 8.1% 81,300 470,000 8.7 52% 5.8 26% -35.9% -8.5% -4.6% -1.5% -5.4% -2.7% 0.4% 2.7% 2006:Q1 -37.5%

CA Santa Barbara-Santa Maria-Goleta, CA Metropolitan Statistical Area 426,878 142,104 8.3% 68,800 266,000 7.6 43% 3.9 18% -46.6% -11.8% -9.4% -3.2% -7.7% -4.7% 4.7% 7.4% 2005:Q3 -51.0%

CA Santa Cruz-Watsonville, CA Metropolitan Statistical Area 264,298 94,355 11.3% 71,500 433,000 10.5 62% 6.1 28% -39.4% -9.5% -4.4% -1.5% -5.6% -3.9% 7.3% 6.0% 2005:Q4 -43.4%

CA Santa Rosa-Petaluma, CA Metropolitan Statistical Area 488,116 185,825 9.0% 72,300 310,000 7.8 46% 4.3 20% -44.0% -11.0% -9.1% -3.2% -7.1% -4.0% 8.7% 6.6% 2006:Q1 -48.0%

CA Stockton, CA Metropolitan Statistical Area 696,214 215,007 15.5% 56,700 168,000 8.4 50% 3.0 14% -61.2% -17.3% -14.0% -4.9% -6.3% -4.0% 1.0% 6.5% 2006:Q1 -63.4%

CA Vallejo-Fairfield, CA Metropolitan Statistical Area 416,471 141,758 10.5% 75,800 209,000 6.5 39% 2.8 13% -59.2% -16.4% -18.5% -6.6% -8.1% -2.4% 1.5% 7.1% 2006:Q1 -60.9%

CA Visalia-Porterville, CA Metropolitan Statistical Area 449,253 130,352 15.8% 46,900 141,000 6.0 36% 3.0 14% -50.8% -13.2% -18.2% -6.5% -4.5% -5.0% 3.0% 6.2% 2006:Q1 -53.4%

CA Yuba City, CA Metropolitan Statistical Area 167,497 55,744 17.5% 54,800 -49.4% -12.7% -18.5% -6.6% -10.8% -3.6% 8.9% 4.0% 2005:Q4 -51.9%

CO Boulder, CO Metropolitan Statistical Area 299,378 119,300 5.7% 88,800 350,000 4.0 24% 3.9 18% -3.2% -0.7% -2.4% -0.8% -0.5% -2.1% 3.0% 4.4% 2007:Q1 -4.0%

CO Colorado Springs, CO Metropolitan Statistical Area 660,319 245,764 8.7% 66,300 204,000 3.5 22% 3.1 14% -13.8% -2.9% -4.2% -1.4% -1.9% -1.4% 8.0% 5.0% 2007:Q2 -14.6%

CO Denver-Aurora-Broomfield, CO Metropolitan Statistical Area 2,599,504 1,004,696 7.5% 75,000 251,000 3.7 22% 3.4 15% -10.2% -2.1% -1.6% -0.5% -0.6% -3.4% 0.6% 1.6% 2006:Q1 -11.1%

CO Fort Collins-Loveland, CO Metropolitan Statistical Area 305,525 120,295 5.9% 73,300 230,000 3.3 20% 3.1 14% -2.9% -0.6% 0.7% 0.2% 1.8% -2.8% 6.6% 4.9% 2007:Q2 -4.0%

CO Grand Junction, CO Metropolitan Statistical Area 147,083 58,095 8.3% 59,100 172,000 3.8 23% 2.9 13% -24.8% -5.5% -27.8% -10.3% -6.4% -2.5% 6.3% 5.6% 2008:Q2 -31.0%

CO Greeley, CO Metropolitan Statistical Area 258,638 89,349 8.2% 64,000 184,000 3.9 23% 2.9 13% -12.9% -2.7% 2.3% 0.8% 3.8% -4.7% 0.4% 3.0% 2006:Q1 -15.1%

CO Pueblo, CO Metropolitan Statistical Area 160,545 62,972 10.1% 49,700 -6.5% -1.3% -3.4% -1.2% -2.6% -1.8% 10.0% 5.0% 2007:Q1 -8.5%

CT Bridgeport-Stamford-Norwalk, CT Metropolitan Statistical Area 925,899 335,545 7.1% 98,500 440,000 5.9 35% 4.5 20% -18.1% -3.9% -10.3% -3.6% -2.7% -1.8% 0.6% 2.9% 2006:Q1 -19.8%

CT Hartford-West Hartford-East Hartford, CT Metropolitan Statistical Area 1,213,255 472,533 7.4% 83,600 214,000 3.1 18% 2.6 12% -13.9% -2.9% -10.2% -3.5% -4.2% -1.4% 4.0% 4.0% 2007:Q1 -16.9%

CT New Haven-Milford, CT Metropolitan Statistical Area 861,113 334,502 8.3% 75,900 215,000 3.7 23% 2.8 13% -20.7% -4.5% -12.0% -4.2% -4.0% -0.8% 6.8% 5.4% 2006:Q2 -22.2%

CT Norwich-New London, CT Metropolitan Statistical Area 273,502 107,057 7.5% 80,000 202,000 3.5 21% 2.5 12% -21.1% -4.6% -15.4% -5.4% -6.7% -1.3% 3.8% 6.5% 2006:Q2 -22.5%

DC Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division 4,477,409 1,632,844 5.7% 103,000 349,000 4.6 27% 3.4 15% -24.2% -5.4% 7.4% 2.4% -0.7% -1.8% 2.5% 2.9% 2006:Q1 -28.6%

DE Dover, DE Metropolitan Statistical Area 164,834 60,278 6.9% 67,100 170,000 3.4 20% 2.5 12% -20.1% -4.4% -15.8% -5.6% -5.6% -1.0% 3.7% 3.6% 2007:Q1 -21.0%

DE Wilmington, DE-MD-NJ Metropolitan Division 709,567 264,808 7.3% 77,900 225,000 3.4 21% 2.9 13% -20.4% -4.5% -13.0% -4.5% -4.0% -3.1% 2.9% 4.4% 2007:Q2 -21.2%

FL Cape Coral-Fort Myers, FL Metropolitan Statistical Area 631,330 259,818 9.6% 54,500 114,000 4.1 24% 2.1 10% -56.4% -15.3% -11.9% -4.2% 3.5% -8.0% -1.3% 5.5% 2006:Q1 -59.8%

FL Crestview-Fort Walton Beach-Destin, FL Metropolitan Statistical Area 183,482 72,379 6.0% 62,300 188,000 3.8 23% 3.0 14% -32.2% -7.5% -14.1% -5.0% -2.8% -4.0% -2.9% 1.8% 2005:Q4 -40.6%

FL Deltona-Daytona Beach-Ormond Beach, FL Metropolitan Statistical Area 494,804 208,236 9.5% 55,100 108,000 3.8 22% 2.0 9% -52.5% -13.9% -27.5% -10.2% -4.7% -2.7% 6.3% 8.8% 2006:Q1 -53.5%

FL Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Division 1,780,172 686,047 7.9% 60,000 191,000 5.5 34% 3.2 15% -48.1% -12.3% -14.5% -5.1% -3.6% -6.7% -6.1% 1.2% 2006:Q2 -50.0%

FL Gainesville, FL Metropolitan Statistical Area 266,369 106,637 7.1% 62,600 155,000 3.5 20% 2.5 11% -32.8% -7.6% -21.2% -7.6% -7.0% -4.1% 3.4% 4.7% 2007:Q1 -32.9%

FL Jacksonville, FL Metropolitan Statistical Area 1,360,251 524,146 8.7% 61,600 164,000 3.7 23% 2.7 12% -39.8% -9.7% -21.2% -7.7% -3.8% -6.2% -0.3% 5.8% 2006:Q2 -40.3%

FL Lakeland-Winter Haven, FL Metropolitan Statistical Area 609,492 227,485 10.2% 49,700 105,000 3.9 24% 2.1 10% -54.4% -14.5% -24.8% -9.1% -1.8% -4.8% 4.1% 9.2% 2006:Q2 -55.8%

FL Miami-Miami Beach-Kendall, FL Metropolitan Division 2,554,766 867,352 10.3% 47,600 182,000 7.2 42% 3.8 17% -53.2% -14.1% -18.9% -6.7% -1.4% -6.4% -3.8% -0.1% 2007:Q1 -54.2%

FL Naples-Marco Island, FL Metropolitan Statistical Area 328,134 133,179 8.8% 63,800 235,000 6.8 41% 3.7 17% -52.6% -13.9% -11.9% -4.1% -0.6% -9.5% -4.5% 1.3% 2006:Q1 -54.7%

FL North Port-Bradenton-Sarasota, FL Metropolitan Statistical Area 709,355 311,475 9.0% 58,200 159,000 4.8 29% 2.7 12% -47.7% -12.2% -14.7% -5.2% -3.5% -2.5% -1.7% 2.7% 2006:Q1 -53.0%

FL Ocala, FL Metropolitan Statistical Area 332,529 137,726 10.4% 44,500 95,000 4.0 24% 2.1 10% -52.0% -13.7% -29.3% -10.9% -6.1% -3.5% 4.1% 9.1% 2006:Q3 -52.1%

Demographics Housing Affordability Home Price Changes

Page 2: Fiserv Home Price Forecasts Apr 2012 (2)

Single-Family Homes

State Metro Area

Population

(2011)

Households

(2010)

Unemploy-

ment Rate

(Feb 2012)

Median

Family

Income

(2011:Q4)

Median Home

Price

(2011:Q4)

Median Home

Price/

Median

Family

Income

(at Price Peak)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(at Price Peak)

Median Home

Price/

Median

Family

Income

(2011:Q4)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(2011:Q4)

Change in

Home Prices

(2006:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2006:Q4-

2011:Q4)

Change in

Home Prices

(2008:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2008:Q4-

2011:Q4)

Change in

Home Prices

(2010:Q4-

2011:Q4)

Forecast

Change in

Home Prices

(2011:Q4 to

2012:Q4)

Forecast

Change in

Home Prices

(2012:Q4 to

2013:Q4)

Annualized

Change in

Home Prices

(2011:Q4-

2016:Q4)

Prices

Reached

Peak in

Change in

Home Prices

(Peak to

2011:Q4)

United States 311,591,917 116,716,290 8.3% 63,000 163,000 3.9 23% 2.6 12% -32.6% -7.6% -9.9% -3.4% -4.0% -0.8% 4.2% 3.9% 2006:Q1 -34.2%

Demographics Housing Affordability Home Price Changes

FL Orlando-Kissimmee-Sanford, FL Metropolitan Statistical Area 2,171,360 798,445 8.9% 56,900 144,000 4.8 30% 2.5 12% -53.1% -14.1% -25.6% -9.4% -3.7% -6.9% -1.0% 5.0% 2006:Q2 -54.2%

FL Palm Bay-Melbourne-Titusville, FL Metropolitan Statistical Area 543,566 229,692 9.8% 60,200 125,000 4.0 24% 2.1 9% -48.8% -12.5% -22.6% -8.2% -4.6% -3.7% 7.3% 7.2% 2006:Q1 -53.8%

FL Palm Coast, FL Metropolitan Statistical Area 97,376 39,186 12.6% 51,500 127,000 4.7 29% 2.5 11% -52.6% -13.9% -24.1% -8.8% -4.0% -4.6% 6.4% 7.0% 2006:Q2 -55.2%

FL Panama City-Lynn Haven-Panama City Beach, FL Metropolitan Statistical Area 169,856 68,438 8.3% 56,200 138,000 3.9 23% 2.5 11% -37.9% -9.1% -21.3% -7.7% -6.8% -7.7% 1.0% 7.6% 2006:Q1 -42.0%

FL Pensacola-Ferry Pass-Brent, FL Metropolitan Statistical Area 453,218 173,148 8.6% 56,300 139,000 3.2 20% 2.5 11% -28.8% -6.6% -13.2% -4.6% -0.7% -4.8% -0.6% 3.7% 2006:Q2 -31.9%

FL Port St. Lucie, FL Metropolitan Statistical Area 427,874 172,422 11.0% 51,700 130,000 5.1 30% 2.5 11% -52.8% -14.0% -15.2% -5.4% 1.1% -7.0% -0.8% 7.5% 2006:Q1 -55.8%

FL Punta Gorda, FL Metropolitan Statistical Area 160,511 73,370 9.2% 51,700 120,000 3.7 22% 2.3 11% -56.2% -15.2% -20.4% -7.3% -2.0% -7.4% 1.5% 6.6% 2006:Q1 -59.9%

FL Sebastian-Vero Beach, FL Metropolitan Statistical Area 138,894 60,176 10.8% 58,500 135,000 3.7 22% 2.3 11% -49.0% -12.6% -19.0% -6.8% -4.6% -3.6% 4.7% 8.1% 2005:Q4 -52.0%

FL Tallahassee, FL Metropolitan Statistical Area 369,758 144,033 7.4% 58,500 150,000 3.1 18% 2.6 12% -29.3% -6.7% -18.4% -6.6% -4.1% -0.9% 8.2% 5.6% 2007:Q1 -30.3%

FL Tampa-St. Petersburg-Clearwater, FL Metropolitan Statistical Area 2,824,724 1,151,263 9.3% 55,200 137,000 4.2 26% 2.5 11% -46.3% -11.7% -19.9% -7.1% -4.8% -3.4% 3.9% 5.7% 2006:Q2 -48.0%

FL West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 1,335,187 544,227 9.3% 62,600 190,000 5.7 34% 3.0 14% -48.7% -12.5% -17.8% -6.3% -4.8% -5.9% -0.3% 6.0% 2006:Q1 -51.9%

GA Albany, GA Metropolitan Statistical Area 157,688 59,319 9.8% 47,800 -5.0% -1.0% -8.2% -2.8% -4.5% 0.3% 1.2% 2.9% 2008:Q1 -10.2%

GA Athens-Clarke County, GA Metropolitan Statistical Area 193,317 73,191 6.8% 57,000 -13.8% -2.9% -16.3% -5.8% -8.4% -3.8% -0.2% 2.6% 2008:Q4 -16.3%

GA Atlanta-Sandy Springs-Marietta, GA Metropolitan Statistical Area 5,359,205 1,937,225 8.9% 64,300 110,000 2.9 17% 1.7 8% -34.8% -8.2% -22.6% -8.2% -12.8% -4.0% 3.1% 6.6% 2007:Q1 -35.0%

GA Augusta-Richmond County, GA-SC Metropolitan Statistical Area 561,858 212,245 8.9% 55,000 -3.7% -0.8% -7.9% -2.7% -4.1% -1.1% -1.7% 2.5% 2009:Q1 -9.3%

GA Brunswick, GA Metropolitan Statistical Area 112,923 44,630 10.1% 50,000 -21.0% -4.6% -22.9% -8.3% -9.7% 0.8% 3.2% 6.4% 2007:Q4 -25.6%

GA Columbus, GA-AL Metropolitan Statistical Area 301,439 113,239 8.6% 46,800 -9.1% -1.9% -8.8% -3.0% -5.2% -2.0% 5.1% 5.5% 2009:Q1 -10.6%

GA Dalton, GA Metropolitan Statistical Area 142,741 49,260 11.7% 49,100 -17.5% -3.8% -11.6% -4.0% -6.7% -1.0% 2.1% 3.8% 2007:Q2 -20.3%

GA Gainesville, GA Metropolitan Statistical Area 183,052 60,691 7.1% 54,500 110,000 3.1 19% 2.0 9% -37.8% -9.1% -29.0% -10.8% -14.9% 0.1% 5.6% 6.3% 2007:Q2 -39.0%

GA Hinesville-Fort Stewart, GA Metropolitan Statistical Area 80,587 27,178 9.1% 41,500 -7.9% -1.6% -11.8% -4.1% -6.0% -0.7% 1.7% 3.7% 2008:Q2 -17.6%

GA Macon, GA Metropolitan Statistical Area 232,920 88,999 9.7% 53,000 -11.3% -2.4% -10.9% -3.8% -6.5% -0.4% 1.8% 5.1% 2009:Q2 -14.2%

GA Rome, GA Metropolitan Statistical Area 95,989 35,930 10.8% 49,000 -12.1% -2.5% -13.7% -4.8% -8.0% -2.7% 1.0% 4.1% 2009:Q1 -14.9%

GA Savannah, GA Metropolitan Statistical Area 355,576 131,868 8.4% 57,900 -16.0% -3.4% -15.0% -5.3% -4.0% -0.7% 0.7% 3.3% 2007:Q3 -17.8%

GA Valdosta, GA Metropolitan Statistical Area 142,307 51,141 8.3% 43,700 -9.0% -1.9% -10.8% -3.7% -9.8% -0.9% 2.2% 4.0% 2009:Q1 -15.3%

GA Warner Robins, GA Metropolitan Statistical Area 143,925 53,051 7.4% 66,500 -5.3% -1.1% -6.8% -2.3% -4.4% -0.7% 1.8% 3.7% 2007:Q4 -9.6%

HI Honolulu, HI Metropolitan Statistical Area 963,607 311,047 5.5% 84,100 597,000 7.8 45% 7.1 32% -5.0% -1.0% -3.2% -1.1% 0.3% -1.1% 1.5% 3.5% 2007:Q4 -8.0%

IA Ames, IA Metropolitan Statistical Area 89,663 34,736 3.8% 73,600 2.7% 0.5% 0.7% 0.2% -0.8% -2.9% -0.4% 2.1% 2008:Q1 -1.8%

IA Cedar Rapids, IA Metropolitan Statistical Area 260,575 104,617 5.6% 70,500 139,000 2.2 11% 2.0 9% 1.7% 0.3% -0.4% -0.1% -0.5% -2.1% 0.8% 3.3% 2010:Q2 -1.0%

IA Davenport-Moline-Rock Island, IA-IL Metropolitan Statistical Area 381,342 155,175 7.3% 61,600 109,000 1.6 8% 1.8 8% 3.3% 0.6% 0.8% 0.3% -0.5% -3.0% 0.7% 2.3% 2009:Q1 -0.4%

IA Des Moines-West Des Moines, IA Metropolitan Statistical Area 580,255 223,268 5.5% 71,400 149,000 2.1 12% 2.1 10% -2.3% -0.5% -2.4% -0.8% -0.7% -2.0% 0.8% 2.4% 2008:Q1 -4.5%

IA Dubuque, IA Metropolitan Statistical Area 94,648 36,815 5.1% 64,900 7.8% 1.5% 4.8% 1.6% 1.9% -3.8% 0.0% 2.1%

IA Iowa City, IA Metropolitan Statistical Area 154,893 61,456 3.9% 72,900 3.0% 0.6% 0.9% 0.3% 0.7% -4.2% -0.7% 1.3% 2009:Q2 -0.2%

IA Sioux City, IA-NE-SD Metropolitan Statistical Area 144,062 54,396 5.6% 58,400 8.1% 1.6% 2.1% 0.7% -1.5% -2.6% -0.4% 2.5% 2010:Q4 -1.5%

IA Waterloo-Cedar Falls, IA Metropolitan Statistical Area 168,289 66,986 5.1% 62,800 118,000 1.8 9% 1.9 9% 4.6% 0.9% 2.5% 0.8% 0.0% -1.5% -0.3% 0.7%

ID Boise City-Nampa, ID Metropolitan Statistical Area 627,664 225,594 8.0% 58,200 118,000 3.6 22% 2.0 9% -35.7% -8.4% -28.9% -10.7% -8.4% 1.6% 9.3% 5.6% 2007:Q2 -36.9%

ID Coeur d'Alene, ID Metropolitan Statistical Area 141,132 54,200 8.9% 50,800 -26.2% -5.9% -22.4% -8.1% -4.5% 3.8% 2.8% 4.5% 2007:Q3 -27.1%

ID Idaho Falls, ID Metropolitan Statistical Area 132,073 44,775 7.0% 56,600 -6.2% -1.3% -12.4% -4.3% -3.5% 0.3% 6.4% 5.3% 2008:Q1 -14.2%

ID Lewiston, ID-WA Metropolitan Statistical Area 61,476 25,477 6.6% 55,600 0.9% 0.2% -4.0% -1.4% -1.8% 3.6% 6.2% 3.7% 2009:Q1 -7.5%

ID Pocatello, ID Metropolitan Statistical Area 91,457 33,323 8.0% 55,100 -3.8% -0.8% -8.8% -3.0% -3.9% -1.6% 7.2% 3.8% 2008:Q2 -10.1%

IL Bloomington-Normal, IL Metropolitan Statistical Area 170,556 65,104 6.8% 85,100 151,000 1.9 11% 1.8 8% -1.0% -0.2% -1.8% -0.6% -1.6% -1.5% 0.5% 2.6% 2008:Q1 -2.2%

IL Champaign-Urbana, IL Metropolitan Statistical Area 232,336 93,123 7.7% 70,500 137,000 2.1 12% 1.9 9% -1.0% -0.2% -1.3% -0.4% -1.2% -3.1% -0.5% 2.1% 2008:Q2 -2.1%

IL Chicago-Joliet-Naperville, IL Metropolitan Division 7,922,566 2,903,474 8.9% 71,600 190,000 3.9 23% 2.7 12% -34.9% -8.2% -19.6% -7.0% -6.9% -3.4% 6.4% 6.3% 2007:Q1 -36.8%

IL Danville, IL Metropolitan Statistical Area 81,509 32,655 10.1% 47,100 3.0% 0.6% -0.5% -0.2% 1.4% -3.1% 0.1% 2.0% 2007:Q3 -5.8%

IL Decatur, IL Metropolitan Statistical Area 110,730 45,855 10.3% 54,400 88,000 1.4 7% 1.6 7% 2.1% 0.4% -0.3% -0.1% -1.8% 0.1% 1.7% 4.7% 2009:Q1 -1.2%

IL Kankakee-Bradley, IL Metropolitan Statistical Area 113,698 41,511 11.2% 59,700 117,000 2.2 13% 2.0 9% -7.1% -1.5% -7.6% -2.6% -3.1% -0.4% 0.5% 3.7% 2007:Q4 -9.3%

IL Lake County-Kenosha County, IL-WI Metropolitan Division 873,515 304,362 8.8% 83,900 -21.9% -4.8% -16.6% -5.9% -5.6% -1.0% 0.9% 4.3% 2007:Q2 -22.2%

IL Peoria, IL Metropolitan Statistical Area 379,556 151,801 7.8% 65,400 116,000 1.7 9% 1.8 8% 2.4% 0.5% 0.2% 0.1% -1.3% -1.5% 1.8% 3.3% 2009:Q1 -1.7%

IL Rockford, IL Metropolitan Statistical Area 348,360 134,006 11.7% 59,900 87,000 2.1 13% 1.5 7% -12.4% -2.6% -11.6% -4.0% -5.5% -1.0% -0.3% 3.3% 2007:Q2 -14.5%

IL Springfield, IL Metropolitan Statistical Area 211,547 88,126 7.4% 65,700 111,000 1.8 10% 1.7 8% 4.6% 0.9% 2.8% 0.9% 1.0% -0.6% 0.7% 3.3%

IN Anderson, IN Metropolitan Statistical Area 131,235 51,927 9.3% 54,900 -4.1% -0.8% -3.7% -1.2% -1.1% -3.4% 4.0% 5.0% 2005:Q3 -11.0%

IN Bloomington, IN Metropolitan Statistical Area 194,193 76,837 7.3% 54,500 5.6% 1.1% 1.8% 0.6% -1.3% -4.3% 0.2% 2.8% 2010:Q2 -0.1%

IN Columbus, IN Metropolitan Statistical Area 77,870 29,860 5.9% 61,400 4.9% 1.0% 1.3% 0.4% 1.2% -2.4% -1.0% 1.5% 2009:Q1 -0.2%

IN Elkhart-Goshen, IN Metropolitan Statistical Area 198,941 70,244 9.0% 50,700 -7.6% -1.6% -7.2% -2.5% -2.7% -3.0% 1.1% 2.3% 2007:Q2 -8.8%

IN Evansville, IN-KY Metropolitan Statistical Area 359,879 144,362 7.0% 58,900 1.3% 0.3% 2.9% 1.0% 1.9% -2.1% 0.5% 2.5%

IN Fort Wayne, IN Metropolitan Statistical Area 419,453 161,632 7.5% 60,600 97,000 1.6 9% 1.6 7% -3.0% -0.6% -1.2% -0.4% -0.9% -3.3% 0.2% 2.8% 2007:Q1 -3.8%

IN Gary, IN Metropolitan Division 708,672 267,890 8.3% 60,900 122,000 2.0 12% 2.0 9% -5.3% -1.1% -5.1% -1.7% -2.7% -1.8% 0.7% 3.0% 2008:Q1 -8.1%

IN Indianapolis-Carmel, IN Metropolitan Statistical Area 1,778,568 680,257 7.5% 63,500 121,000 1.6 9% 1.9 9% -2.4% -0.5% -1.5% -0.5% -0.7% -1.5% 1.2% 3.4% 2008:Q1 -3.9%

IN Kokomo, IN Metropolitan Statistical Area 98,588 40,677 9.0% 58,800 -12.6% -2.7% -9.9% -3.4% -3.5% -0.8% 1.3% 4.1% 2005:Q4 -16.6%

IN Lafayette, IN Metropolitan Statistical Area 203,608 76,911 7.3% 61,500 -0.4% -0.1% -0.8% -0.3% -1.9% -0.7% 0.9% 3.8% 2009:Q2 -3.2%

IN Michigan City-La Porte, IN Metropolitan Statistical Area 111,374 42,331 9.4% 58,000 -7.1% -1.5% -6.9% -2.3% -4.5% -1.4% 2.0% 4.2% 2008:Q1 -8.7%

IN Muncie, IN Metropolitan Statistical Area 117,660 46,516 8.9% 52,700 -8.3% -1.7% -3.9% -1.3% -4.1% -3.3% 0.0% 3.4% 2005:Q3 -12.1%

IN South Bend-Mishawaka, IN-MI Metropolitan Statistical Area 318,688 123,673 8.7% 57,000 80,000 1.5 9% 1.4 6% -4.3% -0.9% -4.6% -1.6% -2.5% -0.9% 1.2% 4.6% 2008:Q2 -7.1%

IN Terre Haute, IN Metropolitan Statistical Area 172,663 66,250 9.5% 52,500 -3.5% -0.7% 0.8% 0.3% -1.3% -3.3% 0.8% 3.2% 2007:Q3 -3.8%

KS Lawrence, KS Metropolitan Statistical Area 112,211 43,576 5.8% 69,600 -3.2% -0.7% -3.0% -1.0% -0.8% -4.8% -0.3% 1.7% 2008:Q1 -4.7%

KS Manhattan, KS Metropolitan Statistical Area 130,240 46,364 5.7% 60,000 -0.6% -0.1% -0.6% -0.2% -1.8% -1.6% 1.2% 3.5% 2008:Q1 -4.1%

KS Topeka, KS Metropolitan Statistical Area 234,647 94,483 6.9% 60,700 103,000 1.9 10% 1.7 8% 1.3% 0.3% -0.1% 0.0% -0.7% -0.9% 0.7% 2.9% 2009:Q2 -1.4%

KS Wichita, KS Metropolitan Statistical Area 625,526 240,359 7.9% 61,900 112,000 1.8 9% 1.8 8% 5.8% 1.1% 0.5% 0.2% -0.8% -0.7% 1.4% 2.7% 2009:Q1 -1.1%

KY Bowling Green, KY Metropolitan Statistical Area 127,607 48,531 7.5% 57,400 2.9% 0.6% 0.2% 0.1% -0.2% -1.5% 1.9% 2.9% 2008:Q2 -1.0%

KY Elizabethtown, KY Metropolitan Statistical Area 121,771 45,468 8.0% 54,800 6.4% 1.3% 4.0% 1.3% 1.2% -4.1% 1.0% 0.5%

KY Lexington-Fayette, KY Metropolitan Statistical Area 479,244 190,142 6.7% 62,800 136,000 2.3 14% 2.2 10% 0.3% 0.1% -1.8% -0.6% -1.4% -2.0% -0.1% 1.1% 2008:Q2 -2.8%

KY Louisville-Jefferson County, KY-IN Metropolitan Statistical Area 1,294,849 514,214 8.4% 59,300 129,000 2.2 13% 2.2 10% -0.7% -0.1% -2.3% -0.8% -1.1% -1.5% -0.6% 1.0% 2008:Q2 -3.4%

KY Owensboro, KY Metropolitan Statistical Area 115,333 45,737 6.8% 53,000 4.3% 0.9% 2.7% 0.9% 0.5% -0.7% 0.2% 1.6%

LA Alexandria, LA Metropolitan Statistical Area 154,505 57,897 7.4% 51,400 5.4% 1.1% 0.1% 0.0% -0.3% -2.2% 0.3% 2.3% 2009:Q2 -2.2%

LA Baton Rouge, LA Metropolitan Statistical Area 808,242 300,022 7.5% 63,200 155,000 2.6 13% 2.5 11% 4.6% 0.9% -0.4% -0.1% -0.3% -2.4% 0.3% 1.1% 2009:Q4 -1.9%

LA Houma-Bayou Cane-Thibodaux, LA Metropolitan Statistical Area 208,583 75,577 5.2% 63,400 12.1% 2.3% 0.8% 0.3% -0.6% -3.1% 0.5% 1.1% 2010:Q2 -1.6%

LA Lafayette, LA Metropolitan Statistical Area 277,307 106,243 5.6% 60,900 6.2% 1.2% 0.2% 0.1% -0.5% -1.1% 0.1% 1.4% 2009:Q1 -2.9%

LA Lake Charles, LA Metropolitan Statistical Area 200,822 76,571 6.8% 52,400 6.1% 1.2% 1.8% 0.6% 0.9% -2.6% 0.3% 2.4% 2009:Q2 -0.8%

LA Monroe, LA Metropolitan Statistical Area 177,651 67,835 8.0% 50,500 8.0% 1.6% 4.0% 1.3% 0.7% -1.3% -1.4% 0.7%

Page 3: Fiserv Home Price Forecasts Apr 2012 (2)

Single-Family Homes

State Metro Area

Population

(2011)

Households

(2010)

Unemploy-

ment Rate

(Feb 2012)

Median

Family

Income

(2011:Q4)

Median Home

Price

(2011:Q4)

Median Home

Price/

Median

Family

Income

(at Price Peak)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(at Price Peak)

Median Home

Price/

Median

Family

Income

(2011:Q4)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(2011:Q4)

Change in

Home Prices

(2006:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2006:Q4-

2011:Q4)

Change in

Home Prices

(2008:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2008:Q4-

2011:Q4)

Change in

Home Prices

(2010:Q4-

2011:Q4)

Forecast

Change in

Home Prices

(2011:Q4 to

2012:Q4)

Forecast

Change in

Home Prices

(2012:Q4 to

2013:Q4)

Annualized

Change in

Home Prices

(2011:Q4-

2016:Q4)

Prices

Reached

Peak in

Change in

Home Prices

(Peak to

2011:Q4)

United States 311,591,917 116,716,290 8.3% 63,000 163,000 3.9 23% 2.6 12% -32.6% -7.6% -9.9% -3.4% -4.0% -0.8% 4.2% 3.9% 2006:Q1 -34.2%

Demographics Housing Affordability Home Price Changes

LA New Orleans-Metairie-Kenner, LA Metropolitan Statistical Area 1,191,089 455,146 7.4% 59,000 148,000 2.9 17% 2.5 11% -7.2% -1.5% -4.5% -1.5% -0.4% 0.2% 0.5% 3.3% 2007:Q1 -7.6%

LA Shreveport-Bossier City, LA Metropolitan Statistical Area 403,595 157,916 6.8% 54,500 149,000 3.2 15% 2.7 12% 7.9% 1.5% 3.4% 1.1% 0.9% -2.0% 0.4% 0.9% 2010:Q3 -0.5%

MA Barnstable Town, MA Metropolitan Statistical Area 215,769 95,755 7.3% 72,900 316,000 6.0 36% 4.3 20% -17.2% -3.7% -8.5% -2.9% -2.2% -2.6% -0.1% 3.6% 2005:Q4 -21.4%

MA Boston-Quincy, MA Metropolitan Division 1,903,947 731,807 6.6% 85,500 305,000 5.0 30% 3.6 16% -12.0% -2.5% -2.7% -0.9% -1.4% -2.6% 2.6% 2.3% 2005:Q4 -16.8%

MA Cambridge-Newton-Framingham, MA Metropolitan Division 1,518,171 580,688 5.5% 98,200 362,000 5.1 28% 3.7 17% -9.5% -2.0% -3.4% -1.2% -3.6% -1.4% 4.1% 3.2% 2005:Q2 -14.3%

MA Peabody, MA Metropolitan Division 748,930 285,956 7.4% 81,200 299,000 5.5 31% 3.7 17% -16.8% -3.6% -5.9% -2.0% -3.1% -2.1% 2.0% 3.9% 2005:Q3 -20.8%

MA Pittsfield, MA Metropolitan Statistical Area 130,458 56,091 6.8% 54,400 160,000 3.3 20% 2.9 13% -15.4% -3.3% -11.4% -4.0% -3.5% 0.5% 7.6% 5.6% 2006:Q2 -17.0%

MA Springfield, MA Metropolitan Statistical Area 693,204 269,091 7.7% 64,200 169,000 3.2 18% 2.6 12% -13.4% -2.8% -5.8% -2.0% -3.1% -1.9% 1.5% 5.1% 2007:Q1 -14.0%

MA Worcester, MA Metropolitan Statistical Area 801,227 303,080 7.7% 79,400 195,000 3.9 23% 2.5 11% -20.1% -4.4% -6.5% -2.2% -3.4% -1.8% 1.4% 4.1% 2005:Q4 -24.5%

MD Baltimore-Towson, MD Metropolitan Statistical Area 2,729,110 1,038,765 7.0% 82,300 265,000 3.6 22% 3.2 15% -23.8% -5.3% -12.9% -4.5% -4.6% -0.7% 5.7% 4.6% 2006:Q2 -24.2%

MD Bethesda-Rockville-Frederick, MD Metropolitan Division 1,226,539 441,886 5.2% 107,600 340,000 4.5 28% 3.2 14% -25.6% -5.7% -7.6% -2.6% -4.3% -2.6% 0.5% 2.2% 2006:Q2 -27.6%

MD Cumberland, MD-WV Metropolitan Statistical Area 102,884 40,727 7.3% 51,800 87,000 2.3 12% 1.7 8% -2.1% -0.4% -8.9% -3.1% -2.2% -0.3% 4.1% 3.4% 2009:Q1 -9.4%

MD Hagerstown-Martinsburg, MD-WV Metropolitan Statistical Area 271,488 102,845 7.8% 65,600 136,000 3.5 21% 2.1 9% -31.3% -7.2% -20.3% -7.3% -6.7% 3.8% 3.9% 4.7% 2007:Q1 -32.1%

MD Salisbury, MD Metropolitan Statistical Area 125,529 46,008 8.9% 57,000 136,000 3.2 20% 2.4 11% -26.3% -5.9% -17.7% -6.3% -4.4% -2.5% 2.0% 2.8% 2007:Q2 -28.8%

ME Bangor, ME Metropolitan Statistical Area 153,786 62,966 7.4% 60,700 -6.6% -1.4% -2.8% -1.0% -2.8% 1.1% 5.3% 4.2% 2008:Q1 -9.2%

ME Lewiston-Auburn, ME Metropolitan Statistical Area 107,398 44,315 7.1% 51,300 -10.5% -2.2% -6.3% -2.1% -0.5% -2.0% 8.9% 4.8% 2007:Q4 -11.8%

ME Portland-South Portland-Biddeford, ME Metropolitan Statistical Area 515,807 213,436 5.9% 70,900 209,000 3.6 21% 3.0 13% -8.9% -1.9% -6.0% -2.0% -1.5% -0.7% 7.5% 4.7% 2007:Q4 -9.6%

MI Ann Arbor, MI Metropolitan Statistical Area 347,962 137,193 5.8% 82,600 169,000 2.8 16% 2.1 9% -22.2% -4.9% -1.4% -0.5% 3.0% -2.0% 1.0% 1.6% 2005:Q4 -26.6%

MI Battle Creek, MI Metropolitan Statistical Area 135,490 54,016 7.4% 51,800 68,000 2.2 13% 1.3 6% -14.3% -3.0% -6.4% -2.2% -1.3% -1.2% 2.3% 4.0% 2005:Q4 -15.3%

MI Bay City, MI Metropolitan Statistical Area 107,110 44,603 8.4% 55,300 -17.8% -3.8% -5.6% -1.9% -2.7% -0.4% 0.8% 3.1% 2005:Q3 -18.6%

MI Detroit-Livonia-Dearborn, MI Metropolitan Division 1,802,096 702,749 11.2% 51,500 49,000 2.1 13% 1.0 4% -53.0% -14.0% -23.8% -8.7% 9.6% -12.2% -2.5% 3.0% 2006:Q1 -55.2%

MI Flint, MI Metropolitan Statistical Area 422,080 169,202 9.3% 51,400 -33.1% -7.7% -18.6% -6.6% -5.7% -0.4% 2.8% 4.5% 2005:Q3 -36.5%

MI Grand Rapids-Wyoming, MI Metropolitan Statistical Area 779,604 290,340 6.9% 58,400 102,000 2.4 14% 1.7 8% -17.1% -3.7% -7.9% -2.7% -2.3% 0.3% 3.6% 5.2% 2005:Q3 -18.3%

MI Holland-Grand Haven, MI Metropolitan Statistical Area 266,300 93,775 6.6% 64,300 -13.6% -2.9% -6.9% -2.3% -1.7% -3.6% 0.4% 2.2% 2005:Q3 -16.2%

MI Jackson, MI Metropolitan Statistical Area 159,748 60,771 8.4% 55,500 -25.2% -5.6% -14.9% -5.3% -5.2% -5.3% 2.1% 3.8% 2005:Q4 -27.4%

MI Kalamazoo-Portage, MI Metropolitan Statistical Area 328,205 129,538 7.5% 61,100 -10.9% -2.3% -6.0% -2.0% -2.4% -2.1% 1.6% 4.4% 2005:Q3 -11.2%

MI Lansing-East Lansing, MI Metropolitan Statistical Area 465,138 183,422 7.1% 64,800 90,000 2.1 13% 1.4 6% -30.7% -7.1% -12.4% -4.3% 0.4% -4.5% 6.8% 4.9% 2006:Q1 -33.7%

MI Monroe, MI Metropolitan Statistical Area 151,560 58,230 8.3% 62,400 89,000 1.4 7% -26.2% -5.9% -8.2% -2.8% -5.8% -1.0% 1.2% 5.9% 2005:Q3 -29.5%

MI Muskegon-Norton Shores, MI Metropolitan Statistical Area 171,302 65,616 8.5% 47,400 -16.7% -3.6% -8.2% -2.8% -1.6% -2.7% 1.0% 3.7% 2005:Q3 -19.1%

MI Niles-Benton Harbor, MI Metropolitan Statistical Area 156,941 63,054 9.1% 53,600 -9.5% -2.0% -9.0% -3.1% -4.0% -0.6% 0.4% 5.9% 2007:Q4 -11.9%

MI Saginaw-Saginaw Township North, MI Metropolitan Statistical Area 199,088 79,011 8.9% 55,000 2.4 14% -16.1% -3.5% -7.0% -2.4% -4.2% -0.8% 0.2% 3.6% 2005:Q3 -19.5%

MI Warren-Troy-Farmington Hills, MI Metropolitan Division 2,483,736 979,362 9.2% 71,000 125,000 2.6 14% 1.8 8% -35.0% -8.2% -9.2% -3.2% 3.5% -4.0% 2.2% 4.1% 2005:Q2 -40.0%

MN Duluth, MN-WI Metropolitan Statistical Area 279,815 116,876 6.8% 59,200 -3.2% -0.6% -3.5% -1.2% -1.2% -2.5% 1.9% 4.8% 2007:Q3 -4.7%

MN Mankato-North Mankato, MN Metropolitan Statistical Area 97,204 36,646 4.9% 67,400 -7.8% -1.6% -4.7% -1.6% -1.6% -7.4% 1.7% 3.2% 2007:Q1 -9.2%

MN Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area 3,318,486 1,272,677 5.7% 79,600 165,000 3.1 18% 2.1 9% -33.8% -7.9% -11.5% -4.0% -4.7% -2.3% 5.0% 3.5% 2006:Q1 -36.1%

MN Rochester, MN Metropolitan Statistical Area 187,612 73,362 4.9% 78,500 -6.1% -1.3% -4.9% -1.7% -0.4% -0.9% 0.4% 2.6% 2008:Q1 -7.6%

MN St. Cloud, MN Metropolitan Statistical Area 190,014 71,311 5.4% 63,600 -13.1% -2.8% -8.3% -2.8% -2.7% -4.8% 1.0% 2.4% 2007:Q2 -14.6%

MO Cape Girardeau-Jackson, MO-IL Metropolitan Statistical Area 97,024 38,024 6.8% 53,300 1.5% 0.3% -0.2% -0.1% 0.9% -3.4% 0.9% 2.7% 2009:Q1 -1.6%

MO Columbia, MO Metropolitan Statistical Area 175,831 68,058 5.0% 63,400 152,000 2.3 13% 2.4 11% -0.2% 0.0% 1.1% 0.4% 0.0% -2.1% -0.2% 0.9% 2008:Q1 -0.7%

MO Jefferson City, MO Metropolitan Statistical Area 150,480 56,915 6.2% 63,600 3.9% 0.8% 1.7% 0.6% -0.4% -1.3% 1.7% 3.4% 2010:Q2 -0.1%

MO Joplin, MO Metropolitan Statistical Area 176,849 67,660 6.5% 52,100 3.0% 0.6% 3.1% 1.0% 3.8% -6.4% -1.0% 1.5%

MO Kansas City, MO-KS Metropolitan Statistical Area 2,052,676 799,637 7.3% 69,300 131,000 2.4 15% 1.9 9% -8.2% -1.7% -5.0% -1.7% -2.8% -0.5% 0.4% 2.9% 2007:Q2 -8.7%

MO Springfield, MO Metropolitan Statistical Area 440,142 174,584 6.7% 51,500 99,000 2.3 13% 1.9 9% -5.9% -1.2% -5.9% -2.0% -2.6% -2.5% -0.1% 2.8% 2008:Q1 -7.7%

MO St. Joseph, MO-KS Metropolitan Statistical Area 127,574 48,184 5.9% 57,500 -1.8% -0.4% 0.1% 0.0% -0.7% -7.2% 0.6% 2.9% 2007:Q3 -3.1%

MO St. Louis, MO-IL Metropolitan Statistical Area 2,842,155 1,128,851 8.1% 66,900 112,000 2.1 12% 1.7 8% -18.0% -3.9% -10.8% -3.8% -4.5% -2.6% 0.1% 3.7% 2007:Q1 -17.4%

MS Gulfport-Biloxi, MS Metropolitan Statistical Area 253,511 95,021 8.5% 52,700 104,000 2.9 17% 2.0 9% -13.7% -2.9% -10.8% -3.7% -2.9% -4.7% 4.1% 7.1% 2007:Q4 -17.4%

MS Hattiesburg, MS Metropolitan Statistical Area 145,428 54,962 7.9% 51,500 -5.6% -1.1% -6.7% -2.3% -2.7% 0.7% 1.1% 2.8% 2008:Q1 -8.6%

MS Jackson, MS Metropolitan Statistical Area 545,394 201,054 7.2% 53,500 132,000 2.3 13% 2.5 11% -0.1% 0.0% -1.4% -0.5% 0.7% -1.0% 0.9% 3.0% 2008:Q1 -2.3%

MS Pascagoula, MS Metropolitan Statistical Area 162,790 60,187 9.5% 52,500 -13.0% -2.7% -15.4% -5.4% -5.3% -0.4% 3.4% 5.2% 2008:Q1 -17.2%

MT Billings, MT Metropolitan Statistical Area 160,097 65,243 4.3% 61,700 5.8% 1.1% -2.7% -0.9% -1.9% 3.0% 6.9% 4.5% 2009:Q1 -3.0%

MT Great Falls, MT Metropolitan Statistical Area 81,837 33,809 5.4% 57,700 5.2% 1.0% -1.6% -0.5% -1.1% 0.4% 3.3% 3.3% 2009:Q2 -3.6%

MT Missoula, MT Metropolitan Statistical Area 110,138 45,926 5.6% 62,100 -5.0% -1.0% -6.4% -2.2% -1.9% 2.0% 4.0% 3.2% 2008:Q1 -8.3%

NC Asheville, NC Metropolitan Statistical Area 429,017 179,917 7.4% 51,900 -4.8% -1.0% -10.1% -3.5% -2.9% -1.6% -0.4% 2.0% 2009:Q1 -10.5%

NC Burlington, NC Metropolitan Statistical Area 153,291 59,960 9.2% 49,800 141,000 2.9 18% 2.8 13% -6.8% -1.4% -3.6% -1.2% 2.7% -2.7% 2.0% 2.7% 2007:Q2 -7.5%

NC Charlotte-Gastonia-Rock Hill, NC-SC Metropolitan Statistical Area 1,795,472 671,229 9.5% 61,800 170,000 3.0 18% 2.8 13% -15.3% -3.3% -10.5% -3.6% -2.4% -1.9% 1.8% 3.9% 2007:Q3 -17.8%

NC Durham-Chapel Hill, NC Metropolitan Statistical Area 512,979 202,476 7.4% 65,100 2.6 13% -0.4% -0.1% -5.0% -1.7% -1.2% -0.1% 0.1% 2.5% 2009:Q1 -5.2%

NC Fayetteville, NC Metropolitan Statistical Area 374,157 138,963 9.6% 50,300 6.2% 1.2% 1.0% 0.4% 0.2% -0.4% 0.3% 1.8%

NC Goldsboro, NC Metropolitan Statistical Area 123,697 47,831 8.5% 51,900 2.2% 0.4% -1.9% -0.7% -1.8% -1.0% 0.3% 3.0% 2009:Q2 -3.7%

NC Greensboro-High Point, NC Metropolitan Statistical Area 730,966 290,694 9.5% 52,500 118,000 2.4 12% 2.3 10% -3.9% -0.8% -5.2% -1.8% -3.0% -1.1% 0.6% 2.9% 2009:Q1 -7.3%

NC Greenville, NC Metropolitan Statistical Area 192,690 74,890 9.6% 55,500 -0.6% -0.1% -3.4% -1.1% -1.8% -1.1% -0.9% 2.4% 2009:Q1 -5.2%

NC Hickory-Lenoir-Morganton, NC Metropolitan Statistical Area 364,567 144,504 10.7% 49,500 -2.1% -0.4% -5.4% -1.9% -4.1% -0.7% 0.8% 2.6% 2009:Q1 -7.3%

NC Jacksonville, NC Metropolitan Statistical Area 179,719 60,092 8.7% 47,200 -2.2% -0.4% -7.3% -2.5% -5.9% -1.2% 0.1% 2.8% 2009:Q1 -8.1%

NC Raleigh-Cary, NC Metropolitan Statistical Area 1,163,515 430,577 7.6% 72,500 2.9 17% -0.7% -0.1% -6.8% -2.3% -2.6% -1.1% -0.2% 2.4% 2008:Q3 -7.4%

NC Rocky Mount, NC Metropolitan Statistical Area 152,157 59,462 12.9% 53,600 -3.8% -0.8% -4.6% -1.6% -1.0% -1.0% 0.1% 3.4% 2009:Q1 -7.7%

NC Wilmington, NC Metropolitan Statistical Area 369,685 152,676 9.6% 60,400 -19.3% -4.2% -17.1% -6.1% -6.2% -1.1% 3.4% 5.4% 2007:Q4 -21.8%

NC Winston-Salem, NC Metropolitan Statistical Area 482,025 192,310 8.7% 57,500 -1.7% -0.3% -2.9% -1.0% -1.9% -1.7% 0.0% 1.7% 2009:Q1 -4.2%

ND Bismarck, ND Metropolitan Statistical Area 110,879 45,265 2.6% 76,900 172,000 2.4 13% 2.2 10% 16.0% 3.0% 6.7% 2.2% 4.6% -2.0% 0.0% 1.5%

ND Fargo, ND-MN Metropolitan Statistical Area 212,171 86,178 3.6% 74,400 154,000 2.1 11% 2.1 9% 5.3% 1.0% 2.2% 0.7% -0.1% -0.3% 0.5% 2.7%

ND Grand Forks, ND-MN Metropolitan Statistical Area 98,054 40,121 4.5% 68,200 10.1% 1.9% 4.4% 1.4% 4.1% -0.3% 0.3% 2.7%

NE Lincoln, NE Metropolitan Statistical Area 306,503 119,639 3.6% 65,900 135,000 2.1 12% 2.0 9% -0.4% -0.1% 0.2% 0.1% 0.5% -0.8% -0.4% 2.4% 2008:Q1 -1.1%

NE Omaha-Council Bluffs, NE-IA Metropolitan Statistical Area 877,110 334,379 4.6% 70,500 133,000 1.9 11% 1.9 9% -1.6% -0.3% -0.9% -0.3% -0.1% -1.6% 0.9% 3.5% 2008:Q1 -2.4%

NH Manchester-Nashua, NH Metropolitan Statistical Area 401,696 155,466 5.3% 83,300 206,000 3.7 22% 2.5 11% -24.5% -5.5% -11.4% -4.0% -7.7% -1.5% 2.7% 5.7% 2006:Q1 -27.8%

NH Rockingham County-Strafford County, NH Metropolitan Division 420,064 162,133 5.4% 85,600 227,000 3.8 23% 2.7 12% -20.0% -4.4% -8.2% -2.8% -3.3% -1.9% 5.2% 3.5% 2006:Q1 -22.8%

NJ Atlantic City-Hammonton, NJ Metropolitan Statistical Area 274,338 102,847 12.5% 63,800 215,000 4.6 28% 3.4 15% -33.3% -7.8% -18.2% -6.5% -8.0% -5.4% -4.1% 0.9% 2006:Q2 -35.1%

NJ Camden, NJ Metropolitan Division 1,251,921 461,569 9.5% 84,200 182,000 2.9 17% 2.2 10% -25.9% -5.8% -16.2% -5.7% -5.4% -1.2% 3.5% 5.0% 2007:Q1 -26.8%

NJ Edison-New Brunswick, NJ Metropolitan Division 2,349,499 854,039 8.5% 94,200 300,000 4.3 26% 3.2 15% -23.4% -5.2% -12.6% -4.4% -5.3% -3.0% -0.2% 2.4% 2006:Q2 -25.2%

NJ Newark-Union, NJ-PA Metropolitan Division 2,153,014 776,210 8.8% 87,600 345,000 4.6 27% 3.9 18% -26.1% -5.9% -11.7% -4.1% -2.1% -2.7% 1.8% 4.7% 2007:Q1 -26.1%

NJ Ocean City, NJ Metropolitan Statistical Area 96,601 40,812 11.6% 74,500 300,000 5.0 29% 4.0 18% -22.4% -4.9% -11.8% -4.1% -3.1% -7.5% -3.7% 1.6% 2005:Q4 -27.2%

Page 4: Fiserv Home Price Forecasts Apr 2012 (2)

Single-Family Homes

State Metro Area

Population

(2011)

Households

(2010)

Unemploy-

ment Rate

(Feb 2012)

Median

Family

Income

(2011:Q4)

Median Home

Price

(2011:Q4)

Median Home

Price/

Median

Family

Income

(at Price Peak)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(at Price Peak)

Median Home

Price/

Median

Family

Income

(2011:Q4)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(2011:Q4)

Change in

Home Prices

(2006:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2006:Q4-

2011:Q4)

Change in

Home Prices

(2008:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2008:Q4-

2011:Q4)

Change in

Home Prices

(2010:Q4-

2011:Q4)

Forecast

Change in

Home Prices

(2011:Q4 to

2012:Q4)

Forecast

Change in

Home Prices

(2012:Q4 to

2013:Q4)

Annualized

Change in

Home Prices

(2011:Q4-

2016:Q4)

Prices

Reached

Peak in

Change in

Home Prices

(Peak to

2011:Q4)

United States 311,591,917 116,716,290 8.3% 63,000 163,000 3.9 23% 2.6 12% -32.6% -7.6% -9.9% -3.4% -4.0% -0.8% 4.2% 3.9% 2006:Q1 -34.2%

Demographics Housing Affordability Home Price Changes

NJ Trenton-Ewing, NJ Metropolitan Statistical Area 367,063 133,155 7.7% 89,000 3.1 18% -14.8% -3.2% -5.0% -1.7% 2.9% -4.4% 3.1% 4.3% 2006:Q1 -17.6%

NJ Vineland-Millville-Bridgeton, NJ Metropolitan Statistical Area 157,095 51,931 12.5% 67,300 -14.9% -3.2% -10.5% -3.6% -3.6% 2.2% 7.4% 3.7% 2007:Q3 -19.3%

NM Albuquerque, NM Metropolitan Statistical Area 898,642 347,366 8.0% 60,800 129,000 2.0 11% 2.1 10% -11.4% -2.4% -10.7% -3.7% -3.9% 2.3% 3.7% 3.2% 2008:Q1 -14.2%

NM Farmington, NM Metropolitan Statistical Area 128,200 44,404 7.8% 53,500 179,000 3.7 21% 3.4 15% -6.6% -1.3% -7.7% -2.7% -3.4% -3.7% 6.4% 3.8% 2008:Q1 -10.2%

NM Las Cruces, NM Metropolitan Statistical Area 213,598 75,532 7.5% 43,100 -11.3% -2.4% -11.8% -4.1% -5.4% -2.3% 2.3% 3.1% 2007:Q3 -14.5%

NM Santa Fe, NM Metropolitan Statistical Area 145,648 61,963 5.8% 59,400 -13.9% -3.0% -11.7% -4.1% -2.5% -0.3% 10.3% 7.6% 2007:Q4 -17.1%

NV Carson City, NV Metropolitan Statistical Area 55,439 21,427 11.9% 67,100 -48.6% -12.5% -37.0% -14.3% -18.1% -5.1% 7.1% 6.5% 2006:Q2 -50.8%

NV Las Vegas-Paradise, NV Metropolitan Statistical Area 1,969,975 715,365 12.4% 61,000 136,000 5.3 32% 2.2 10% -61.1% -17.2% -30.8% -11.6% -9.2% -7.5% -3.3% 6.7% 2006:Q1 -61.8%

NV Reno-Sparks, NV Metropolitan Statistical Area 429,606 165,187 11.7% 63,100 155,000 5.8 34% 2.5 11% -50.4% -13.1% -32.4% -12.2% -10.8% -5.1% 8.0% 5.5% 2006:Q1 -52.2%

NY Albany-Schenectady-Troy, NY Metropolitan Statistical Area 871,478 355,301 7.3% 75,800 201,000 2.6 15% 2.7 12% -7.4% -1.5% -4.2% -1.4% -1.7% -0.7% 2.8% 2.5% 2007:Q1 -8.0%

NY Binghamton, NY Metropolitan Statistical Area 250,074 102,517 8.4% 56,900 115,000 2.0 11% 2.0 9% 1.9% 0.4% -4.5% -1.5% -0.4% -1.4% 2.8% 2.2% 2009:Q2 -5.4%

NY Buffalo-Niagara Falls, NY Metropolitan Statistical Area 1,134,039 473,720 8.2% 61,900 112,000 1.8 9% 1.8 8% 8.4% 1.6% 5.5% 1.8% 3.8% -1.7% 1.9% 2.5%

NY Elmira, NY Metropolitan Statistical Area 88,840 35,462 8.3% 57,400 89,000 1.3 7% 1.6 7% 10.0% 1.9% 2.5% 0.8% 2.6% -1.1% 0.8% 1.3%

NY Glens Falls, NY Metropolitan Statistical Area 128,996 52,132 7.5% 63,600 162,000 2.4 13% 2.5 12% -2.1% -0.4% -7.1% -2.4% -2.4% 4.2% 3.6% 7.1% 2008:Q4 -7.0%

NY Ithaca, NY Metropolitan Statistical Area 101,723 38,967 6.3% 80,000 179,000 2.2 11% 2.2 10% 2.8% 0.6% -1.8% -0.6% 1.2% -0.4% 1.5% 1.3% 2009:Q4 -3.8%

NY Kingston, NY Metropolitan Statistical Area 182,448 71,049 8.3% 67,900 192,000 3.9 24% 2.8 13% -17.6% -3.8% -8.3% -2.8% -1.1% -3.0% 2.0% 2.1% 2006:Q2 -23.0%

NY Nassau-Suffolk, NY Metropolitan Division 2,843,252 948,450 7.1% 102,800 380,000 4.7 29% 3.7 17% -21.0% -4.6% -8.6% -3.0% 0.4% -5.5% 0.9% 0.7% 2006:Q2 -22.8%

NY New York-White Plains-Wayne, NY-NJ Metropolitan Division 11,670,135 4,340,251 9.3% 64,200 395,000 7.7 48% 6.2 28% -23.3% -5.2% -9.1% -3.1% -1.9% -2.8% 0.5% 1.9% 2006:Q2 -23.4%

NY Poughkeepsie-Newburgh-Middletown, NY Metropolitan Statistical Area 672,871 233,890 7.7% 83,400 225,000 4.0 24% 2.7 12% -27.2% -6.1% -16.8% -6.0% -5.1% -1.2% 7.5% 5.8% 2006:Q1 -29.3%

NY Rochester, NY Metropolitan Statistical Area 1,055,278 420,554 7.8% 64,800 1.9 10% 1.8 8% -0.6% -0.1% -2.0% -0.7% -0.2% 0.1% 3.3% 5.0% 2009:Q3 -3.9%

NY Syracuse, NY Metropolitan Statistical Area 662,553 261,840 8.5% 64,100 118,000 1.8 10% 1.8 8% -0.3% -0.1% -2.1% -0.7% -2.0% 1.8% 3.8% 3.7% 2008:Q1 -4.6%

NY Utica-Rome, NY Metropolitan Statistical Area 298,447 119,352 8.2% 62,400 100,000 1.5 7% 1.6 7% 3.1% 0.6% -2.9% -1.0% -1.2% -1.5% 7.4% 4.8% 2010:Q2 -3.5%

OH Akron, OH Metropolitan Statistical Area 701,456 285,003 7.4% 62,300 133,000 2.4 14% 2.1 10% -13.1% -2.8% -5.4% -1.8% -1.7% -1.1% 3.8% 3.4% 2006:Q1 -14.8%

OH Canton-Massillon, OH Metropolitan Statistical Area 403,869 162,474 7.8% 52,400 109,000 2.4 14% 2.1 9% -12.9% -2.7% -5.7% -2.0% 2.2% -2.0% 3.2% 3.5% 2006:Q1 -15.2%

OH Cincinnati-Middletown, OH-KY-IN Metropolitan Statistical Area 2,138,038 830,608 7.7% 66,600 162,000 2.6 16% 2.4 11% -14.7% -3.1% -5.1% -1.7% -1.8% -3.4% -0.4% 2.2% 2006:Q1 -14.9%

OH Cleveland-Elyria-Mentor, OH Metropolitan Statistical Area 2,068,283 854,893 7.2% 61,400 131,000 2.5 15% 2.1 10% -18.8% -4.1% -7.3% -2.5% -3.0% -2.2% 0.7% 3.4% 2006:Q1 -20.3%

OH Columbus, OH Metropolitan Statistical Area 1,858,464 723,572 6.9% 65,700 146,000 2.7 16% 2.2 10% -12.9% -2.7% -3.5% -1.2% -1.9% -1.2% 2.5% 4.1% 2006:Q1 -13.8%

OH Dayton, OH Metropolitan Statistical Area 845,388 343,971 8.2% 55,900 118,000 2.0 12% 2.1 10% -12.3% -2.6% -7.3% -2.5% -1.5% -3.2% 2.3% 3.7% 2006:Q1 -13.7%

OH Lima, OH Metropolitan Statistical Area 106,094 40,619 8.3% 52,400 -4.6% -0.9% -2.8% -0.9% -1.5% -1.8% 0.2% 3.0% 2008:Q1 -4.9%

OH Mansfield, OH Metropolitan Statistical Area 123,510 48,921 9.0% 52,900 -17.2% -3.7% -10.5% -3.6% -4.2% -0.5% 1.9% 4.6% 2005:Q4 -19.7%

OH Sandusky, OH Metropolitan Statistical Area 76,751 31,860 7.1% 55,000 -8.1% -1.7% -3.3% -1.1% -0.6% -2.9% 0.7% 2.7% 2005:Q3 -9.6%

OH Springfield, OH Metropolitan Statistical Area 137,691 55,244 7.8% 51,800 90,000 2.2 13% 1.7 8% -11.3% -2.4% 5.9% 1.9% 4.1% -2.2% 2.9% 2.8% 2005:Q4 -10.5%

OH Steubenville-Weirton, OH-WV Metropolitan Statistical Area 123,243 52,426 11.0% 49,200 -1.7% -0.4% 1.9% 0.6% 1.2% -1.0% 0.6% 1.8% 2008:Q2 -5.7%

OH Toledo, OH Metropolitan Statistical Area 650,266 263,001 8.4% 55,300 115,000 2.3 14% 2.1 9% -17.1% -3.7% -6.1% -2.1% -0.7% -2.9% 0.8% 3.6% 2006:Q1 -18.6%

OH Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area 562,739 231,165 8.0% 52,500 85,000 1.7 10% 1.6 7% -14.1% -3.0% -3.9% -1.3% -0.4% -4.0% 2.6% 3.6% 2006:Q3 -15.0%

OK Lawton, OK Metropolitan Statistical Area 125,815 44,982 7.4% 54,200 2.4% 0.5% 0.3% 0.1% -3.1% -1.4% 0.4% 1.6% 2010:Q4 -3.2%

OK Oklahoma City, OK Metropolitan Statistical Area 1,278,053 489,654 5.3% 59,200 143,000 2.3 12% 2.4 11% 4.5% 0.9% 1.0% 0.3% -0.4% -0.5% -0.5% 1.4% 2009:Q1 -1.1%

OK Tulsa, OK Metropolitan Statistical Area 946,962 367,091 6.2% 58,800 129,000 2.4 12% 2.2 10% 5.2% 1.0% 0.1% 0.0% -2.0% -1.5% 1.1% 1.8% 2010:Q3 -2.4%

OR Bend, OR Metropolitan Statistical Area 160,338 64,090 11.3% 56,800 -43.3% -10.7% -26.7% -9.8% -0.8% -0.1% 5.9% 8.8% 2007:Q1 -43.6%

OR Corvallis, OR Metropolitan Statistical Area 85,928 34,317 5.9% 77,800 -6.0% -1.2% -9.1% -3.1% -3.3% 3.0% 9.9% 7.3% 2008:Q1 -11.4%

OR Eugene-Springfield, OR Metropolitan Statistical Area 353,416 145,966 8.3% 53,300 4.3 27% -18.5% -4.0% -16.6% -5.9% -6.1% 3.8% 8.3% 7.9% 2007:Q2 -21.2%

OR Medford, OR Metropolitan Statistical Area 204,822 83,076 10.8% 49,700 -36.8% -8.8% -23.6% -8.6% -6.6% 4.2% 15.3% 11.5% 2006:Q2 -37.1%

OR Portland-Vancouver-Hillsboro, OR-WA Metropolitan Statistical Area 2,262,605 867,794 7.8% 65,500 234,000 4.5 26% 3.6 16% -26.9% -6.1% -15.8% -5.6% -3.8% -1.3% 6.9% 3.9% 2007:Q1 -28.9%

OR Salem, OR Metropolitan Statistical Area 394,865 141,245 9.0% 52,400 148,000 3.9 22% 2.8 13% -18.6% -4.0% -18.9% -6.8% -7.0% -2.0% 2.3% 5.7% 2008:Q1 -22.7%

PA Allentown-Bethlehem-Easton, PA-NJ Metropolitan Statistical Area 824,916 315,712 8.0% 69,400 171,000 4.1 25% 2.5 11% -15.4% -3.3% -10.9% -3.8% -4.6% -1.8% 3.1% 2.7% 2007:Q2 -16.7%

PA Altoona, PA Metropolitan Statistical Area 127,099 52,159 6.5% 55,400 11.8% 2.3% 5.6% 1.8% 0.5% -5.8% 1.5% 1.7%

PA Erie, PA Metropolitan Statistical Area 280,985 110,413 7.4% 58,600 111,000 2.1 10% 1.9 9% 6.1% 1.2% 3.7% 1.2% 0.6% -4.6% 0.3% 2.3% 2010:Q3 -0.2%

PA Harrisburg-Carlisle, PA Metropolitan Statistical Area 552,911 222,281 6.9% 68,900 0.4% 0.1% -3.2% -1.1% -1.8% -0.9% 0.2% 2.2% 2008:Q2 -4.2%

PA Johnstown, PA Metropolitan Statistical Area 143,728 58,950 8.1% 54,900 12.0% 2.3% 4.3% 1.4% 0.1% -0.8% -0.2% 3.0%

PA Lancaster, PA Metropolitan Statistical Area 523,594 193,602 6.0% 63,600 170,000 -2.3% -0.5% -3.8% -1.3% -2.2% -2.4% 0.6% 1.7% 2008:Q1 -6.5%

PA Lebanon, PA Metropolitan Statistical Area 134,311 52,258 5.8% 62,800 3.1% 0.6% -0.4% -0.1% -0.4% -3.2% -0.9% 2.1% 2009:Q2 -1.6%

PA Philadelphia, PA Metropolitan Division 4,030,926 1,533,935 8.1% 74,000 275,000 2.8 17% -15.6% -3.3% -12.2% -4.2% -5.7% -0.6% 2.9% 4.9% 2007:Q1 -16.1%

PA Pittsburgh, PA Metropolitan Statistical Area 2,359,746 1,001,627 6.5% 63,400 132,000 2.4 14% 2.1 10% 2.9% 0.6% 2.9% 0.9% 1.9% 0.2% 3.7% 4.5%

PA Reading, PA Metropolitan Statistical Area 412,778 154,356 7.3% 64,600 139,000 2.3 13% 2.2 10% -9.4% -2.0% -8.5% -2.9% -5.2% -1.5% -0.4% 2.0% 2008:Q1 -11.5%

PA Scranton--Wilkes-Barre, PA Metropolitan Statistical Area 563,223 230,395 8.8% 57,500 1.6% 0.3% -3.6% -1.2% -1.6% -2.6% 1.4% 3.3% 2009:Q1 -4.3%

PA State College, PA Metropolitan Statistical Area 154,722 57,573 5.5% 64,900 8.0% 1.6% -0.6% -0.2% -0.8% -1.2% 0.1% 2.0% 2008:Q4 -0.9%

PA Williamsport, PA Metropolitan Statistical Area 116,747 46,700 6.8% 51,900 13.5% 2.6% 5.6% 1.8% 0.9% 0.3% 1.6% 2.7%

PA York-Hanover, PA Metropolitan Statistical Area 436,770 168,372 7.5% 69,400 -10.6% -2.2% -10.0% -3.5% -4.2% -2.8% -0.3% 2.1% 2007:Q4 -12.8%

RI Providence-New Bedford-Fall River, RI-MA Metropolitan Statistical Area 1,600,224 626,610 10.7% 68,900 199,000 4.4 26% 2.9 13% -24.3% -5.4% -10.8% -3.7% -5.7% -1.6% 2.8% 3.3% 2006:Q1 -27.2%

SC Anderson, SC Metropolitan Statistical Area 188,488 73,829 9.0% 53,800 -3.5% -0.7% -8.3% -2.9% -4.7% -1.9% 1.4% 3.3% 2008:Q1 -9.8%

SC Charleston-North Charleston-Summerville, SC Metropolitan Statistical Area 682,121 259,987 7.5% 59,000 199,000 3.4 20% 3.4 15% -20.9% -4.6% -12.4% -4.3% -2.7% -1.8% 5.2% 5.2% 2007:Q1 -23.4%

SC Columbia, SC Metropolitan Statistical Area 777,116 294,881 8.1% 58,300 141,000 2.4 13% 2.4 11% -3.4% -0.7% -7.1% -2.4% -3.6% -0.8% 0.3% 3.3% 2009:Q2 -7.8%

SC Florence, SC Metropolitan Statistical Area 206,161 79,184 10.2% 45,400 120,000 2.1 11% 2.6 12% -0.4% -0.1% -3.7% -1.2% -2.7% -3.4% 1.6% 2.0% 2009:Q1 -5.8%

SC Greenville-Mauldin-Easley, SC Metropolitan Statistical Area 647,401 247,284 7.5% 56,100 143,000 2.5 13% 2.5 12% 2.2% 0.4% -3.6% -1.2% -1.5% -1.9% 1.4% 2.5% 2009:Q1 -4.8%

SC Myrtle Beach-North Myrtle Beach-Conway, SC Metropolitan Statistical Area 276,340 112,225 10.0% 49,600 134,000 4.1 24% 2.7 12% -37.1% -8.9% -19.6% -7.0% -2.3% -1.8% 11.7% 7.2% 2006:Q3 -37.3%

SC Spartanburg, SC Metropolitan Statistical Area 286,868 109,246 9.2% 52,800 110,000 2.0 12% 2.1 9% -9.1% -1.9% -6.6% -2.3% -1.3% -0.8% 0.7% 3.6% 2008:Q1 -10.2%

SC Sumter, SC Metropolitan Statistical Area 107,460 40,398 10.4% 43,300 -1.6% -0.3% -2.1% -0.7% -3.2% 2.2% 1.9% 3.2% 2008:Q1 -6.3%

SD Rapid City, SD Metropolitan Statistical Area 128,361 51,154 4.3% 63,600 4.1% 0.8% 1.0% 0.3% -0.2% -1.3% -0.6% 3.1% 2009:Q1 -0.1%

SD Sioux Falls, SD Metropolitan Statistical Area 232,433 89,297 4.0% 69,500 139,000 1.5 8% 2.0 9% 4.5% 0.9% -0.5% -0.2% -0.6% -0.3% 0.9% 2.9% 2009:Q1 -1.8%

TN Chattanooga, TN-GA Metropolitan Statistical Area 533,372 210,867 7.0% 56,800 122,000 2.1 11% 2.1 10% -1.8% -0.4% -2.7% -0.9% -2.8% 0.4% 0.6% 2.1% 2009:Q1 -5.1%

TN Clarksville, TN-KY Metropolitan Statistical Area 277,701 101,086 8.3% 51,700 139,000 2.6 13% 2.7 12% 8.4% 1.6% 3.2% 1.1% 1.4% -1.6% 1.1% 1.3%

TN Cleveland, TN Metropolitan Statistical Area 116,834 44,600 8.1% 46,600 -4.2% -0.9% -4.4% -1.5% -1.2% -2.6% -0.3% 1.4% 2007:Q2 -5.8%

TN Jackson, TN Metropolitan Statistical Area 115,396 44,281 8.1% 49,800 -5.6% -1.2% -4.5% -1.5% -0.9% -0.8% 0.3% 2.4% 2007:Q2 -5.9%

TN Johnson City, TN Metropolitan Statistical Area 199,818 83,245 6.9% 47,700 130,000 2.5 13% 2.7 12% 2.5% 0.5% -2.5% -0.9% -1.3% -2.5% 5.2% 2.8% 2009:Q1 -3.2%

TN Kingsport-Bristol-Bristol, TN-VA Metropolitan Statistical Area 309,793 130,138 7.3% 47,900 3.5% 0.7% -2.7% -0.9% -1.2% 0.4% -0.2% 2.2% 2008:Q4 -2.8%

TN Knoxville, TN Metropolitan Statistical Area 704,500 284,984 6.0% 59,500 134,000 2.3 13% 2.3 10% -4.8% -1.0% -7.0% -2.4% 0.5% -1.8% 3.3% 2.5% 2008:Q1 -7.7%

TN Memphis, TN-MS-AR Metropolitan Statistical Area 1,325,605 491,198 8.7% 56,500 92,000 2.4 14% 1.6 7% -26.2% -5.9% -3.8% -1.3% -4.8% -2.2% 5.7% 5.8% 2006:Q1 -26.6%

TN Morristown, TN Metropolitan Statistical Area 137,494 53,453 9.3% 46,600 -5.4% -1.1% -8.3% -2.8% -3.2% 0.5% 1.1% 1.7% 2008:Q1 -10.6%

Page 5: Fiserv Home Price Forecasts Apr 2012 (2)

Single-Family Homes

State Metro Area

Population

(2011)

Households

(2010)

Unemploy-

ment Rate

(Feb 2012)

Median

Family

Income

(2011:Q4)

Median Home

Price

(2011:Q4)

Median Home

Price/

Median

Family

Income

(at Price Peak)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(at Price Peak)

Median Home

Price/

Median

Family

Income

(2011:Q4)

Median

Mortgage

Payment/

Median

Monthly

Family

Income

(2011:Q4)

Change in

Home Prices

(2006:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2006:Q4-

2011:Q4)

Change in

Home Prices

(2008:Q4-

2011:Q4)

Annualized

Change in

Home Prices

(2008:Q4-

2011:Q4)

Change in

Home Prices

(2010:Q4-

2011:Q4)

Forecast

Change in

Home Prices

(2011:Q4 to

2012:Q4)

Forecast

Change in

Home Prices

(2012:Q4 to

2013:Q4)

Annualized

Change in

Home Prices

(2011:Q4-

2016:Q4)

Prices

Reached

Peak in

Change in

Home Prices

(Peak to

2011:Q4)

United States 311,591,917 116,716,290 8.3% 63,000 163,000 3.9 23% 2.6 12% -32.6% -7.6% -9.9% -3.4% -4.0% -0.8% 4.2% 3.9% 2006:Q1 -34.2%

Demographics Housing Affordability Home Price Changes

TN Nashville-Davidson--Murfreesboro--Franklin, TN Metropolitan Statistical Area 1,617,142 615,374 6.6% 61,000 135,000 2.8 17% 2.2 10% -7.9% -1.6% -4.7% -1.6% -0.1% -1.0% 2.2% 2.1% 2007:Q2 -10.0%

TX Abilene, TX Metropolitan Statistical Area 166,416 62,206 5.7% 53,400 6.6% 1.3% -0.7% -0.3% -1.8% 0.1% 0.6% 1.5% 2010:Q3 -2.1%

TX Amarillo, TX Metropolitan Statistical Area 253,823 94,111 4.9% 61,000 128,000 2.2 10% 2.1 10% 6.4% 1.3% 0.7% 0.2% 0.3% -0.8% 0.7% 1.1% 2010:Q3 -0.7%

TX Austin-Round Rock-San Marcos, TX Metropolitan Statistical Area 1,783,519 650,459 5.9% 71,500 188,000 2.6 13% 2.6 12% 9.3% 1.8% -1.1% -0.4% 0.6% -0.7% 0.1% 0.7% 2009:Q1 -1.7%

TX Beaumont-Port Arthur, TX Metropolitan Statistical Area 390,535 144,934 10.2% 51,600 117,000 2.7 15% 2.3 10% 4.0% 0.8% -3.5% -1.2% -3.3% 1.1% 0.7% 2.5% 2009:Q2 -5.2%

TX Brownsville-Harlingen, TX Metropolitan Statistical Area 414,123 119,631 10.4% 36,400 3.1% 0.6% 1.0% 0.3% -1.4% -3.5% 0.5% 2.1% 2009:Q1 -3.4%

TX College Station-Bryan, TX Metropolitan Statistical Area 231,623 85,102 5.9% 53,400 11.3% 2.2% 3.2% 1.1% -2.7% -3.3% -0.9% 1.1% 2010:Q4 -2.8%

TX Corpus Christi, TX Metropolitan Statistical Area 431,381 157,019 6.6% 51,300 136,000 2.8 14% 2.7 12% 1.2% 0.2% -3.2% -1.1% -0.8% -0.3% 0.8% 3.7% 2009:Q3 -5.8%

TX Dallas-Plano-Irving, TX Metropolitan Division 4,345,790 1,526,087 6.9% 67,400 0.5% 0.1% -1.8% -0.6% 1.3% -0.9% -0.6% 1.6% 2009:Q4 -2.6%

TX El Paso, TX Metropolitan Statistical Area 820,790 256,557 9.4% 40,800 137,000 3.4 19% 3.4 15% -0.1% 0.0% -4.3% -1.4% -1.9% -1.4% 0.1% 1.9% 2008:Q1 -6.8%

TX Fort Worth-Arlington, TX Metropolitan Division 2,180,758 772,411 6.8% 63,800 0.7% 0.1% -2.3% -0.8% -1.0% -0.2% 0.8% 2.3% 2009:Q1 -4.0%

TX Houston-Sugar Land-Baytown, TX Metropolitan Statistical Area 6,086,538 2,072,625 7.1% 64,400 156,000 2.4 12% 2.4 11% 7.7% 1.5% 3.2% 1.1% 0.2% 0.4% 0.7% 1.5% 2010:Q1 -1.2%

TX Killeen-Temple-Fort Hood, TX Metropolitan Statistical Area 411,595 144,119 7.6% 58,700 7.1% 1.4% 2.5% 0.8% 1.9% 1.4% 0.8% 2.5%

TX Laredo, TX Metropolitan Statistical Area 256,496 67,106 7.0% 39,400 3.6% 0.7% -2.7% -0.9% 4.3% -0.5% -0.5% 0.8% 2009:Q1 -5.1%

TX Longview, TX Metropolitan Statistical Area 216,666 79,199 6.0% 52,800 8.3% 1.6% 1.0% 0.3% -0.9% -1.1% -0.7% 2.6% 2009:Q4 -2.5%

TX Lubbock, TX Metropolitan Statistical Area 290,002 108,018 5.5% 55,400 6.6% 1.3% 3.7% 1.2% 0.0% -0.4% 0.3% 1.4%

TX McAllen-Edinburg-Mission, TX Metropolitan Statistical Area 797,810 216,471 10.9% 37,400 -2.0% -0.4% -1.5% -0.5% -0.8% -0.1% 0.4% 3.3% 2009:Q1 -5.0%

TX Midland, TX Metropolitan Statistical Area 140,308 50,845 3.9% 63,600 22.6% 4.2% 3.8% 1.3% 4.7% -1.5% -1.2% 1.1%

TX Odessa, TX Metropolitan Statistical Area 140,111 48,688 4.8% 51,200 16.6% 3.1% -1.4% -0.5% 1.7% 0.1% -0.6% 2.3% 2008:Q3 -5.1%

TX San Angelo, TX Metropolitan Statistical Area 113,443 42,984 5.3% 54,000 10.2% 2.0% -1.4% -0.5% -2.4% -1.4% -0.2% 1.3% 2009:Q2 -3.3%

TX San Antonio-New Braunfels, TX Metropolitan Statistical Area 2,194,927 763,022 6.7% 59,900 150,000 2.5 13% 2.5 11% 4.5% 0.9% -0.2% -0.1% -1.2% -1.2% -0.3% 1.5% 2009:Q1 -3.0%

TX Sherman-Denison, TX Metropolitan Statistical Area 121,419 46,905 7.5% 60,700 -3.8% -0.8% -5.6% -1.9% -1.9% -0.7% 2.2% 3.5% 2009:Q3 -6.4%

TX Texarkana, TX-Texarkana, AR Metropolitan Statistical Area 136,552 51,888 6.8% 56,100 9.9% 1.9% 3.2% 1.1% 1.0% 1.7% -0.2% 2.5%

TX Tyler, TX Metropolitan Statistical Area 213,381 79,055 7.0% 62,700 3.9% 0.8% 0.3% 0.1% 0.5% -1.4% 1.0% 2.0% 2009:Q1 -1.3%

TX Victoria, TX Metropolitan Statistical Area 116,230 42,821 6.0% 55,200 11.5% 2.2% -4.0% -1.3% -4.8% 2.1% 1.4% 4.0% 2010:Q4 -4.9%

TX Waco, TX Metropolitan Statistical Area 238,564 86,892 6.8% 48,500 11.4% 2.2% 4.5% 1.5% 0.3% -2.8% -1.9% 1.4%

TX Wichita Falls, TX Metropolitan Statistical Area 150,261 56,873 6.3% 53,000 5.0% 1.0% 4.3% 1.4% -0.5% -1.4% 0.4% 1.9%

UT Logan, UT-ID Metropolitan Statistical Area 127,549 38,801 4.1% 54,000 0.9% 0.2% -8.3% -2.9% -4.6% -0.3% 2.6% 3.0% 2009:Q1 -8.7%

UT Ogden-Clearfield, UT Metropolitan Statistical Area 555,916 175,113 5.9% 68,600 -6.5% -1.3% -12.1% -4.2% -4.4% -0.9% 1.1% 3.3% 2008:Q1 -14.7%

UT Provo-Orem, UT Metropolitan Statistical Area 540,834 143,695 5.2% 60,000 -16.8% -3.6% -18.2% -6.5% -4.5% -0.5% 5.2% 2.5% 2008:Q1 -23.9%

UT Salt Lake City, UT Metropolitan Statistical Area 1,145,905 373,583 5.4% 68,000 3.3 19% -12.8% -2.7% -14.8% -5.2% -3.7% -0.3% 9.5% 4.6% 2007:Q4 -19.3%

UT St. George, UT Metropolitan Statistical Area 141,666 46,334 7.3% 55,200 -36.8% -8.8% -23.2% -8.4% -3.7% -5.7% 1.5% 0.9% 2006:Q4 -37.3%

VA Blacksburg-Christiansburg-Radford, VA Metropolitan Statistical Area 162,487 63,793 6.0% 58,700 -4.8% -1.0% -7.5% -2.6% -4.7% -1.7% 0.3% 2.2% 2009:Q1 -9.3%

VA Charlottesville, VA Metropolitan Statistical Area 203,882 78,560 5.0% 75,700 -9.0% -1.9% -7.9% -2.7% -0.8% 0.2% -0.8% 2.1% 2007:Q4 -12.0%

VA Danville, VA Metropolitan Statistical Area 105,696 45,014 8.5% 44,300 0.1% 0.0% -1.4% -0.5% 0.0% 3.3% 0.5% 4.5% 2009:Q1 -6.1%

VA Harrisonburg, VA Metropolitan Statistical Area 126,562 45,165 5.6% 57,800 -8.3% -1.7% -8.3% -2.8% -0.8% 0.4% 0.2% 3.0% 2008:Q2 -11.0%

VA Lynchburg, VA Metropolitan Statistical Area 254,171 99,602 6.3% 56,500 -0.3% -0.1% -4.5% -1.5% -1.7% -0.3% 0.0% 2.6% 2009:Q2 -5.8%

VA Richmond, VA Metropolitan Statistical Area 1,269,380 488,330 6.2% 71,800 3.4 21% -14.1% -3.0% -13.4% -4.7% -4.9% -1.7% 0.9% 2.6% 2007:Q2 -16.6%

VA Roanoke, VA Metropolitan Statistical Area 308,861 128,454 6.0% 61,800 -3.0% -0.6% -6.8% -2.3% -3.2% -0.1% 1.5% 3.6% 2009:Q1 -8.0%

VA Virginia Beach-Norfolk-Newport News, VA-NC Metropolitan Statistical Area 1,679,894 628,572 6.6% 71,300 177,000 3.7 23% 2.5 11% -14.6% -3.1% -12.2% -4.2% -4.8% -3.7% 5.6% 2.2% 2007:Q2 -16.0%

VA Winchester, VA-WV Metropolitan Statistical Area 130,065 49,066 5.5% 64,600 -32.2% -7.5% -12.8% -4.5% -0.3% -1.5% 5.6% 3.9% 2006:Q4 -31.8%

VT Burlington-South Burlington, VT Metropolitan Statistical Area 212,535 83,242 4.0% 75,700 3.6 21% 0.8% 0.2% -0.3% -0.1% 1.3% -2.2% 1.7% 1.7% 2007:Q4 -0.6%

WA Bellingham, WA Metropolitan Statistical Area 203,663 80,370 7.6% 67,400 248,000 4.6 27% 3.7 17% -17.4% -3.7% -11.5% -4.0% -3.8% -1.7% 8.3% 6.2% 2006:Q3 -18.1%

WA Bremerton-Silverdale, WA Metropolitan Statistical Area 254,633 97,220 7.6% 70,400 245,000 4.2 26% 3.5 16% -26.7% -6.0% -13.4% -4.7% -6.4% -1.0% 7.5% 7.0% 2007:Q2 -27.2%

WA Kennewick-Pasco-Richland, WA Metropolitan Statistical Area 264,133 88,549 8.7% 65,400 2.8 14% 5.5% 1.1% 2.3% 0.8% -0.3% 3.6% 3.8% 4.2% 2010:Q3 -1.8%

WA Longview, WA Metropolitan Statistical Area 102,478 40,244 10.7% 51,700 -18.4% -4.0% -17.0% -6.0% -4.8% -1.0% 4.0% 5.9% 2007:Q4 -22.9%

WA Mount Vernon-Anacortes, WA Metropolitan Statistical Area 118,109 45,557 9.8% 65,400 -20.3% -4.4% -18.5% -6.6% -8.8% 0.3% 3.8% 5.3% 2007:Q4 -23.7%

WA Olympia, WA Metropolitan Statistical Area 256,591 100,650 7.7% 74,800 225,000 3.6 21% 3.0 14% -25.8% -5.8% -18.2% -6.5% -7.5% -0.2% 11.3% 6.4% 2007:Q1 -26.3%

WA Seattle-Bellevue-Everett, WA Metropolitan Division 2,692,122 1,057,557 7.4% 84,100 325,000 5.6 34% 3.9 18% -27.6% -6.2% -17.9% -6.4% -4.7% -3.3% 5.1% 5.0% 2007:Q2 -30.0%

WA Spokane, WA Metropolitan Statistical Area 473,761 187,167 8.6% 60,800 162,000 3.1 18% 2.7 12% -19.6% -4.3% -15.1% -5.3% -7.1% 0.3% 9.4% 6.5% 2007:Q1 -21.4%

WA Tacoma, WA Metropolitan Division 807,904 299,918 8.9% 68,000 211,000 4.3 27% 3.1 14% -34.8% -8.2% -21.4% -7.7% -9.0% -1.7% 10.6% 7.3% 2007:Q2 -35.9%

WA Wenatchee-East Wenatchee, WA Metropolitan Statistical Area 112,448 41,721 7.9% 56,600 -7.4% -1.5% -16.6% -5.9% -6.3% -1.2% 2.2% 4.8% 2008:Q1 -17.9%

WA Yakima, WA Metropolitan Statistical Area 247,141 80,592 10.0% 47,600 175,000 2.9 15% 3.7 17% 0.8% 0.2% -6.9% -2.3% -3.2% -0.5% 8.7% 7.2% 2009:Q1 -7.5%

WI Appleton, WI Metropolitan Statistical Area 227,403 88,223 5.8% 70,300 114,000 1.8 11% 1.6 7% -3.9% -0.8% -3.7% -1.2% -2.1% -2.0% 2.6% 4.2% 2007:Q4 -5.1%

WI Eau Claire, WI Metropolitan Statistical Area 162,657 63,903 6.0% 64,100 -0.7% -0.1% -2.2% -0.7% -1.5% -0.3% -0.9% 2.8% 2008:Q1 -3.4%

WI Fond du Lac, WI Metropolitan Statistical Area 102,079 40,697 6.0% 64,000 -0.4% -0.1% -2.2% -0.7% -1.3% -1.4% -0.1% 2.5% 2007:Q3 -3.7%

WI Green Bay, WI Metropolitan Statistical Area 309,469 122,037 6.2% 63,800 138,000 2.1 12% 2.2 10% -7.6% -1.6% -5.8% -2.0% -2.0% -0.4% 1.6% 3.9% 2008:Q1 -8.1%

WI Janesville, WI Metropolitan Statistical Area 160,092 62,905 8.2% 59,100 -12.1% -2.6% -9.0% -3.1% -4.2% -2.8% -0.1% 2.8% 2007:Q4 -13.2%

WI La Crosse, WI-MN Metropolitan Statistical Area 134,488 53,986 5.2% 67,700 2.1% 0.4% 0.6% 0.2% -0.3% -1.7% 0.1% 1.4% 2008:Q2 -0.7%

WI Madison, WI Metropolitan Statistical Area 576,467 236,032 4.9% 79,000 209,000 2.7 16% 2.7 12% -4.2% -0.9% -3.7% -1.2% -1.2% -4.2% -0.5% 2.0% 2008:Q1 -5.6%

WI Milwaukee-Waukesha-West Allis, WI Metropolitan Statistical Area 1,562,216 622,087 7.2% 68,400 172,000 3.0 18% 2.5 11% -16.1% -3.4% -10.7% -3.7% -3.5% -1.9% 4.1% 3.3% 2007:Q2 -17.3%

WI Oshkosh-Neenah, WI Metropolitan Statistical Area 167,699 67,875 5.7% 64,300 -3.3% -0.7% -2.3% -0.8% -0.9% -3.5% 0.2% 3.0% 2008:Q1 -4.7%

WI Racine, WI Metropolitan Statistical Area 195,388 75,651 7.9% 64,600 -14.7% -3.1% -11.4% -4.0% -3.2% -3.2% 1.1% 4.2% 2007:Q1 -15.6%

WI Sheboygan, WI Metropolitan Statistical Area 115,149 46,390 6.5% 62,900 -9.1% -1.9% -8.0% -2.8% -3.2% -2.0% 2.1% 4.3% 2008:Q1 -10.5%

WI Wausau, WI Metropolitan Statistical Area 134,400 53,176 6.8% 63,300 -1.0% -0.2% -4.2% -1.4% -1.9% -1.7% 0.4% 3.3% 2008:Q1 -5.3%

WV Charleston, WV Metropolitan Statistical Area 303,674 128,621 6.3% 57,700 130,000 2.5 13% 2.3 10% 4.1% 0.8% 1.0% 0.3% -1.0% -1.4% 0.3% 3.0% 2009:Q2 -1.0%

WV Huntington-Ashland, WV-KY-OH Metropolitan Statistical Area 287,599 118,002 7.2% 50,200 10.5% 2.0% 4.1% 1.4% 1.9% -1.0% -0.5% 1.6%

WV Morgantown, WV Metropolitan Statistical Area 132,251 52,672 5.0% 64,600 6.2% 1.2% 2.9% 1.0% 0.2% -1.7% -0.7% 0.7%

WV Parkersburg-Marietta-Vienna, WV-OH Metropolitan Statistical Area 162,248 67,410 7.1% 56,600 3.4% 0.7% 1.4% 0.5% -1.0% -1.6% -0.1% 2.7% 2009:Q3 -1.8%