Market Dynamics

Prepared For

EBRP 10/2011 vs 10/2012, Louisiana ALL EBRP

William Cobb Accurate Valuations Group

Clarus MarketMetrics
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11/16/2012

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Oct-11 vs. Oct-12: The median sold price is up 2%

Oct-11 vs. Oct-12

Oct-11 207,950
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price:

Oct-12 212,937
All Construction Type:

Change 4,987
New Bedrooms: All

% +2%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Median Sold Price by Month

Oct-11 vs. Oct-12: The median sold price is up 2%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

Median Price 212,937 238,508 223,750 216,800 219,600 204,450 205,000 237,000 217,300 224,876 232,700 233,500 207,950

# Units 55 46 56 54 51 50 38 30 29 28 34 42 40

Average DOM 119 153 110 115 115 109 161 126 137 116 113 119 107

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Oct-11 vs. Oct-12: The median price of for sale properties is up 2% and the median price of sold properties is up 2%

Oct-11 vs. Oct-12

Oct-11 230,000
MLS: GBRAR Property Types: MLS Area:

Oct-11 vs. Oct-12

% +2%
All Construction Type: New Bedrooms:

Oct-12 235,000
Period: 1 year (monthly)

Change 5,000
Price:

Oct-11 207,950
All

Oct-12 212,937
Bathrooms: All

Change 4,987
Lot Size: All Sq Ft: All

% +2%

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

Median For Sale vs. Median Sold

Oct-11 vs. Oct-12: The median price of for sale properties is up 2% and the median price of sold properties is up 2%
For Sale Median 235,000 234,950 233,100 230,000 220,000 217,900 224,900 226,150 224,900 229,900 230,900 230,356 230,000 # Properties For Sale 390 352 386 428 432 415 408 421 424 413 397 400 408 Sold Median 212,937 238,508 223,750 216,800 219,600 204,450 205,000 237,000 217,300 224,876 232,700 233,500 207,950 # Properties Sold 55 46 56 54 51 50 38 30 29 28 34 42 40 Price Difference -22,063 3,558 -9,350 -13,200 -400 -13,450 -19,900 10,850 -7,600 -5,024 1,800 3,145 -22,050

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Sold Properties by Month

Oct-11 vs. Oct-12: The number of Sold properties is up 38%

Oct-11 vs. Oct-12

Oct-11 40
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 55
Construction Type:

Change 15
New Bedrooms: All

% +38%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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11/16/2012

6 of 21

William Cobb

Accurate Valuations Group

Sold Properties by Month

Oct-11 vs. Oct-12: The number of Sold properties is up 38%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

# Properties 55 46 56 54 51 50 38 30 29 28 34 42 40

Median Price 212,937 238,508 223,750 216,800 219,600 204,450 205,000 237,000 217,300 224,876 232,700 233,500 207,950

Average DOM 119 153 110 115 115 109 161 126 137 116 113 119 107

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Oct-11 vs. Oct-12: The number of Under Contract properties is up 47%

Oct-11 vs. Oct-12

Oct-11 38
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 56
Construction Type:

Change 18
New Bedrooms: All

% +47%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

1 of 2
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11/16/2012

8 of 21

William Cobb

Accurate Valuations Group

Under Contract Properties by Month

Oct-11 vs. Oct-12: The number of Under Contract properties is up 47%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

# Properties 56 41 51 75 54 61 64 56 46 38 30 29 38

Median Price 225,900 219,600 214,900 209,900 205,550 203,900 231,900 215,500 218,600 211,770 229,275 219,900 227,450

Average DOM 103 96 137 94 91 100 102 143 104 107 124 150 124

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

New Properties by Month

Oct-11 vs. Oct-12: The number of New properties is up 40%

Oct-11 vs. Oct-12

Oct-11 65
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 91
Construction Type:

Change 26
New Bedrooms: All

% +40%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

New Properties by Month

Oct-11 vs. Oct-12: The number of New properties is up 40%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

# Properties 91 38 58 83 84 79 57 57 68 80 33 55 65

Median Price 219,900 213,850 225,585 244,900 234,900 203,900 219,600 219,900 206,950 203,000 244,900 230,000 224,900

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

For Sale Properties by Month

Oct-11 vs. Oct-12: The number of For Sale properties is down 4%

Oct-11 vs. Oct-12

Oct-11 408
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 390
Construction Type:

Change -18
New Bedrooms: All

% -4%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

1 of 2
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11/16/2012

12 of 21

William Cobb

Accurate Valuations Group

For Sale Properties by Month

Oct-11 vs. Oct-12: The number of For Sale properties is down 4%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

# Properties 390 352 386 428 432 415 408 421 424 413 397 400 408

Median Price 235,000 234,950 233,100 230,000 220,000 217,900 224,900 226,150 224,900 229,900 230,900 230,356 230,000

Average DOM 231 247 237 233 245 245 242 237 228 228 274 258 251

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Oct-11 vs. Oct-12: The number of Expired properties is down 16%

Oct-11 vs. Oct-12

Oct-11 25
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 21
Construction Type:

Change -4
New Bedrooms: All

% -16%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

Expired Properties by Month

Oct-11 vs. Oct-12: The number of Expired properties is down 16%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

# Properties 21 12 21 24 34 5 9 14 14 19 34 7 25

Median Price 229,900 203,958 209,900 214,812 199,900 359,900 147,900 302,400 188,200 205,900 331,360 299,900 229,000

Average DOM 324 192 325 519 340 117 115 258 223 214 640 212 199

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Oct-11 vs. Oct-12: The number of for sale properties is down 4% and the number of sold properties is up 38%

Oct-11 vs. Oct-12

Oct-11 408
MLS: GBRAR Property Types: MLS Area:

Oct-11 vs. Oct-12

% -4%
All Construction Type: New Bedrooms:

Oct-12 390
Period: 1 year (monthly)

Change -18
Price:

Oct-11 40
All

Oct-12 55
Bathrooms: All

Change 15
Lot Size: All Sq Ft: All

% +38%

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

1 of 2
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11/16/2012

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William Cobb

Accurate Valuations Group

Supply & Demand by Month

Oct-11 vs. Oct-12: The number of for sale properties is down 4% and the number of sold properties is up 38%
# Properties For Sale 390 352 386 428 432 415 408 421 424 413 397 400 408 Average DOM For Sale 231 247 237 233 245 245 242 237 228 228 274 258 251 # Properties Sold 55 46 56 54 51 50 38 30 29 28 34 42 40 Average DOM Sold 119 153 110 115 115 109 161 126 137 116 113 119 107

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Oct-11 vs. Oct-12: The average days on market is down 17%

Oct-11 vs. Oct-12

Oct-11 124
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 103
Construction Type:

Change -21
New Bedrooms: All

% -17%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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11/16/2012

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William Cobb

Accurate Valuations Group

The Average Days on Market by Month

Oct-11 vs. Oct-12: The average days on market is down 17%

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

Average DOM 103 96 137 94 91 100 102 143 104 107 124 150 124

# UC Units 56 41 51 75 54 61 64 56 46 38 30 29 38

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Oct-11 vs. Oct-12: The average months supply of inventory is down 38%

Oct-11 vs. Oct-12

Oct-11 9.1
MLS: GBRAR Property Types: MLS Area: Period: 1 year (monthly) Price: All

Oct-12 5.6
Construction Type:

Change -3.5
New Bedrooms: All

% -38%
Bathrooms: All Lot Size: All Sq Ft: All

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Clarus MarketMetrics

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William Cobb

Accurate Valuations Group

Months Supply of Inventory

Oct-11 vs. Oct-12: The average months supply of inventory is down 38%
# Units For Sale Last Day of Month 313 299 314 329 345 349 336 351 364 356 333 364 345 # UC Units During Month 56 41 51 75 54 61 64 56 46 38 30 29 38 UC Average DOM 103 96 137 94 91 100 102 143 104 107 124 150 124

Time Period Oct-12 Sep-12 Aug-12 Jul-12 Jun-12 May-12 Apr-12 Mar-12 Feb-12 Jan-12 Dec-11 Nov-11 Oct-11

MSI 5.6 7.3 6.2 4.4 6.4 5.7 5.2 6.3 7.9 9.4 11.1 12.6 9.1

Clarus MarketMetrics

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