NEW HOME SALES IN THE SACRAMENTO METROPOLITAN AREA FINISH SLIGHTLY AHEAD OF 1998 TOTALS

- The 4th Quarter Detached Median Price Reaches a New High for the
Sacramento Region at $204,450 -

SACRAMENTO - (February 17, 2000) - The Meyers Group (TMG), a leading provider of new home real estate information, has released its Fourth Quarter 1999 results for the Sacramento market area. In the Fourth Quarter of 1999 (mid-October through mid-January), new home sales increased 3.1% in comparison to the Fourth Quarter of 1998. Overall, reported new home sales totaled 2,057 units. Year-end overall sales for 1999 totaled 9,046 units, an increase of 0.4% from 1998 when units sold equaled 9,010 units.

According to Steve Dutra, real estate consultant with The Meyers Group, "1999 was an all-around solid year for new home sales. We anticipate 2000 to increase unit sales by 4%-5%, and prices may start to level later in the year. New product lines and communities should add to the excitement and energy."

» New home sales increased 3.1% in comparison to the Fourth Quarter of 1998,
and increased 1.0% from the previous quarter.

» Inventory decreased 19.9% in comparison to the Fourth Quarter of 1998
and decreased 20.5% from the previous quarter.

» Median detached new home prices increased 13.6% over last year's Fourth
Quarter and increase 1.2% over the previous quarter.

About The Meyers Group
Founded in 1985, Irvine-based The Meyers Group has quickly become the largest provider of new home real estate information in the United States. The company's mission is to deliver the most accurate, timely and technologically advanced information possible via a wide range of products. The Meyers Group has 40+ offices around the county covering 23 major markets in the United States.

The Meyers Group also has a Consulting Services Division that conducts more than 600 feasibility studies in 14 states for the top builders, developers, investors and lenders in the real estate industry. The key management team has over 120 years of combined real estate experience and holds advanced degrees in economics, business, marketing and psychology.

Clients of The Meyers Group range from homebuilders and land developers to real estate investors, financial institutions, and investment banking firms. The company is regarded as a premier source for new home statistics by major media publications and news organizations around the country. Information about The Meyers Group can be accessed through its Web site at www.meyersgroup.com.

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*Complete Executive Summary Reports are available from The Meyers Group upon request.

Contact:
Hunter Robbins
The Meyers Group
(310) 656-0084 ext. 225
hrobbins@meyersgroup.com