Bryan Cave Real Estate Executives’ Forecast

2007 Results

6

3.	What effect will the change in control of Congress have on the domestic real estate market?

7

a) Very positive

0.29%

8

b) Somewhat positive

8.07%

9

c) Neutral

53.89%

10

d) Somewhat negative

27.09%

11

e) Very negative

2.59%

12

f) Don't know/Not sure

8.07%

13

Total Responses

100%

14

4.	How important will "green construction" be in real estate development plans in the next 12-18 months?

15

a) Very important

11.82%

16

b) Somewhat important

47.84%

17

c) Neutral

17.87%

18

d) Somewhat unimportant

12.97%

19

e) Very unimportant

7.2%

20

f) Don't know/Not sure

2.31%

21

Total Responses

100%

22

5.	Do you believe that real estate in the United States is currently overvalued, fairly valued or undervalued?

23

a) Overvalued

58.21%

24

b) Fairly valued

37.46%

25

c) Undervalued

0.86%

26

d) Don't know/Not sure

3.46%

27

Total Responses

100%

28

6.	Do you expect that real estate activity will strengthen, weaken or stay the same over the next 12 months?

29

a) Strengthen

16.72%

30

b) Weaken

31.99%

31

c) Stay the same

48.7%

32

d) Don't know

2.59%

33

Total Responses

100%

34

8.	If you were to invest in, or lend money secured by, real estate in the next 12 months, in which region of the country would you most likely invest?

35

a) Northeast

33.14%

36

b) Southeast

10.38%

37

c) Midwest

9.22%

38

d) Northwest

2.02%

39

e) Southwest

20.75%

40

f) Far west

2.88%

41

g) Pacific Coast

16.43%

42

h) Don't know

5.19%

43

Total Responses

100%

44

9.	If you were to invest in, or lend money secured by, real estate in the next 12 months, for which type of real estate would you invest in or lend money?

45

a) Metropolitan office building

21.04%

46

b) Metropolitan hotel

4.32%

47

c) Metropolitan retail

8.36%

48

d) Metropolitan multi-family high rise residential

12.68%

49

e) Neighborhood shopping center

7.78%

50

f) Suburban multi-family dwelling

11.24%

51

g) Suburban hotel