Based in

Fairfield County, CT

Tuesday, February 8, 2011

Housing Recovery Predicted to Start in 3rd Qtr. 2011

Many Markets Set to Improve Starting Around September of This Year

Local Prediction -

1. State: CT
2. City/Market: Bridgeport-Stamford-Norwalk, CT

Forecast change: third quarter, 2011 – third quarter, 2012 / +1.0%

Market fundamentals -

Median Family Income (2009) $104,000

Median Home Price (Third quarter 2010) $515,000

Change in Home Prices (From 3rd quarter 2009 thru 3rd quarter 2010) +1.2%

Worst 1-Year Home Price Change (1980-2010) -11.7% (2009:Q2)

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