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Valarie Littles                                                        Median For Sale vs. Median Sold                                                                         Ultima Real Estate
              May-09 vs. May-10: The median price of for sale properties is up 0% and the median price of sold properties is up 6%




                        May-09 vs. May-10                                                                                                                           May-09 vs. May-10
     May-09            May-10                Change                    %                     +0%                        +6%                   May-09              May-10           Change              %
     159,900           159,950                 50                     +0%                                                                     140,000             149,000           9,000             +6%


MLS: NTREIS                         Time Period: 1 year (monthly)                  Price: All                             Construction Type: All                   Bedrooms: All            Bathrooms: All
Property Types:   Residential: (Single Family)
Cities:           The Colony



Clarus MarketMetrics®                                                                                     1 of 2                                                                                        06/11/2010
                                                 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).




                                                                                                                                                 1 of 6
Valarie Littles                                              Median For Sale vs. Median Sold                                                                         Ultima Real Estate
              May-09 vs. May-10: The median price of for sale properties is up 0% and the median price of sold properties is up 6%



                             # Units                   For Sale                                                     Sold
Time Period                 For Sale              Average DOM                    # Sold Units               Average DOM
May-10                          185                             84                           55                          57
Apr-10                          257                             86                           49                          65
Mar-10                          246                            102                           57                          66
Feb-10                          223                            118                           26                          71
Jan-10                          217                            131                           16                          58
Dec-09                          194                            151                           31                          59
Nov-09                          202                            146                           58                          61
Oct-09                          241                            129                           44                          41
Sep-09                          243                            127                           49                          64
Aug-09                          243                            137                           42                          64
Jul-09                          248                            146                           49                          47
Jun-09                          219                            160                           47                          51
May-09                          221                            165                           53                          89




Clarus MarketMetrics®                                                                             2 of 2                                                                                  06/11/2010
                                       Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).




                                                                                                                                       2 of 6
Valarie Littles                                                              Supply & Demand by Month                                                                          Ultima Real Estate
                  May-09 vs. May-10: The number of for sale properties is down 16% and the number of sold properties is up 4%




                        May-09 vs. May-10                                                                                                                           May-09 vs. May-10
     May-09             May-10               Change                    %                     -16%                       +4%                   May-09               May-10          Change              %
      221                185                   -36                   -16%                                                                       53                   55              2                +4%


MLS: NTREIS                         Time Period: 1 year (monthly)                  Price: All                             Construction Type: All                   Bedrooms: All            Bathrooms: All
Property Types:   Residential: (Single Family)
Cities:           The Colony



Clarus MarketMetrics®                                                                                     1 of 2                                                                                        06/11/2010
                                                 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).




                                                                                                                                                 3 of 6
Valarie Littles                                                   Supply & Demand by Month                                                                          Ultima Real Estate
                May-09 vs. May-10: The number of for sale properties is down 16% and the number of sold properties is up 4%



                            # Units                   For Sale                                                     Sold
Time Period                For Sale              Average DOM                    # Sold Units               Average DOM
May-10                         185                             84                           55                          57
Apr-10                         257                             86                           49                          65
Mar-10                         246                            102                           57                          66
Feb-10                         223                            118                           26                          71
Jan-10                         217                            131                           16                          58
Dec-09                         194                            151                           31                          59
Nov-09                         202                            146                           58                          61
Oct-09                         241                            129                           44                          41
Sep-09                         243                            127                           49                          64
Aug-09                         243                            137                           42                          64
Jul-09                         248                            146                           49                          47
Jun-09                         219                            160                           47                          51
May-09                         221                            165                           53                          89




Clarus MarketMetrics®                                                                            2 of 2                                                                                  06/11/2010
                                      Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).




                                                                                                                                      4 of 6
Valarie Littles                                                                Months Supply of Inventory                                                                        Ultima Real Estate
                                                      May-09 vs. May-10: The average months supply of inventory is up 93%




                                                                                    May-09 vs. May-10
                    May-09                                           May-10                                          Change                                             %                         +93%
                     3.7                                              7.1                                              3.4                                             +93%


MLS: NTREIS                           Time Period: 1 year (monthly)                  Price: All                             Construction Type: All                   Bedrooms: All          Bathrooms: All
Property Types:     Residential: (Single Family)
Cities:             The Colony
Statistics are based on closed MLS transactions. Each closing generates one transaction side only.

Clarus MarketMetrics®                                                                                       1 of 2                                                                                       06/11/2010
                                                   Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).




                                                                                                                                                   5 of 6
Valarie Littles                                                          Months Supply of Inventory                                                                        Ultima Real Estate
                                                May-09 vs. May-10: The average months supply of inventory is up 93%



                          # Units For Sale          # UC Units                                   UC Average
Time Period             Last Day of Month         During Month                      MSI                DOM
May-10                      149                                 21                      7                      54
Apr-10                      143                                 84                      2                      54
Mar-10                      170                                 59                      3                      70
Feb-10                      149                                 46                      3                      59
Jan-10                      160                                 26                      6                      60
Dec-09                      152                                 20                      8                      72
Nov-09                      153                                 34                      4                      56
Oct-09                      149                                 64                      2                      55
Sep-09                      168                                 50                      3                      54
Aug-09                      174                                 42                      4                      72
Jul-09                      174                                 47                      4                      49
Jun-09                      163                                 40                      4                      53
May-09                      158                                 43                      4                      91




Clarus MarketMetrics®                                                                                 2 of 2                                                                                    06/11/2010
                                             Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).




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The Colony - May 2010 Market Report

  • 1. Valarie Littles Median For Sale vs. Median Sold Ultima Real Estate May-09 vs. May-10: The median price of for sale properties is up 0% and the median price of sold properties is up 6% May-09 vs. May-10 May-09 vs. May-10 May-09 May-10 Change % +0% +6% May-09 May-10 Change % 159,900 159,950 50 +0% 140,000 149,000 9,000 +6% MLS: NTREIS Time Period: 1 year (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Property Types: Residential: (Single Family) Cities: The Colony Clarus MarketMetrics® 1 of 2 06/11/2010 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 1 of 6
  • 2. Valarie Littles Median For Sale vs. Median Sold Ultima Real Estate May-09 vs. May-10: The median price of for sale properties is up 0% and the median price of sold properties is up 6% # Units For Sale Sold Time Period For Sale Average DOM # Sold Units Average DOM May-10 185 84 55 57 Apr-10 257 86 49 65 Mar-10 246 102 57 66 Feb-10 223 118 26 71 Jan-10 217 131 16 58 Dec-09 194 151 31 59 Nov-09 202 146 58 61 Oct-09 241 129 44 41 Sep-09 243 127 49 64 Aug-09 243 137 42 64 Jul-09 248 146 49 47 Jun-09 219 160 47 51 May-09 221 165 53 89 Clarus MarketMetrics® 2 of 2 06/11/2010 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 2 of 6
  • 3. Valarie Littles Supply & Demand by Month Ultima Real Estate May-09 vs. May-10: The number of for sale properties is down 16% and the number of sold properties is up 4% May-09 vs. May-10 May-09 vs. May-10 May-09 May-10 Change % -16% +4% May-09 May-10 Change % 221 185 -36 -16% 53 55 2 +4% MLS: NTREIS Time Period: 1 year (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Property Types: Residential: (Single Family) Cities: The Colony Clarus MarketMetrics® 1 of 2 06/11/2010 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 3 of 6
  • 4. Valarie Littles Supply & Demand by Month Ultima Real Estate May-09 vs. May-10: The number of for sale properties is down 16% and the number of sold properties is up 4% # Units For Sale Sold Time Period For Sale Average DOM # Sold Units Average DOM May-10 185 84 55 57 Apr-10 257 86 49 65 Mar-10 246 102 57 66 Feb-10 223 118 26 71 Jan-10 217 131 16 58 Dec-09 194 151 31 59 Nov-09 202 146 58 61 Oct-09 241 129 44 41 Sep-09 243 127 49 64 Aug-09 243 137 42 64 Jul-09 248 146 49 47 Jun-09 219 160 47 51 May-09 221 165 53 89 Clarus MarketMetrics® 2 of 2 06/11/2010 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 4 of 6
  • 5. Valarie Littles Months Supply of Inventory Ultima Real Estate May-09 vs. May-10: The average months supply of inventory is up 93% May-09 vs. May-10 May-09 May-10 Change % +93% 3.7 7.1 3.4 +93% MLS: NTREIS Time Period: 1 year (monthly) Price: All Construction Type: All Bedrooms: All Bathrooms: All Property Types: Residential: (Single Family) Cities: The Colony Statistics are based on closed MLS transactions. Each closing generates one transaction side only. Clarus MarketMetrics® 1 of 2 06/11/2010 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 5 of 6
  • 6. Valarie Littles Months Supply of Inventory Ultima Real Estate May-09 vs. May-10: The average months supply of inventory is up 93% # Units For Sale # UC Units UC Average Time Period Last Day of Month During Month MSI DOM May-10 149 21 7 54 Apr-10 143 84 2 54 Mar-10 170 59 3 70 Feb-10 149 46 3 59 Jan-10 160 26 6 60 Dec-09 152 20 8 72 Nov-09 153 34 4 56 Oct-09 149 64 2 55 Sep-09 168 50 3 54 Aug-09 174 42 4 72 Jul-09 174 47 4 49 Jun-09 163 40 4 53 May-09 158 43 4 91 Clarus MarketMetrics® 2 of 2 06/11/2010 Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td). 6 of 6