SAN GABRIEL, Calif. - (February 15, 2000) - The Meyers Group (TMG), a leading provider of new home real estate information, has released its Fourth Quarter 1999 results for the San Gabriel Valley market area. In the Fourth Quarter of 1999 (mid-October through mid-January), new home sales decreased 75.1% in comparison to the Fourth Quarter of 1998. Overall, reported new home sales totaled 61units. Year-to-date overall sales for 1999 totaled 591units a decrease of 34.4% from 1998 when units sold equaled 901 units.

According to Lorry Lynn, Principal with The Meyers Group, "The number of active projects selling in the market has dropped 42% from last year from 26 to 15 projects. Inventory still remains low and price appreciation is still evident."

» New home sales decreased 75.1% in comparison to the Fourth Quarter of 1998,
and decreased 29.9% from the previous quarter.

» Inventory decreased 56.2% in comparison to the Fourth Quarter of 1998
and was down 10.5% from the previous quarter.

» Median detached new home prices increased 8.6% over last year's Fourth
Quarter and remained nearly static in the Fourth Quarter of 1999.

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 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