PMI First Quarter 2009 U.S. Market Risk Index

    First Quarter 2009 PMI U.S. Market Risk Index (4th Quarter 2008 data)
    10 Riskiest and 10 Most Stable MSAs out of 50 Largest MSAs

                         10 Riskiest of the 50 Largest MSAs

    Risk                                               Risk  Affordability
    Rank                   MSA                         Index    Index

    High     Miami-Miami Beach-Kendall; FL             99.9    100.79

    High     Riverside-San Bernardino-Ontario; CA      99.9    100.20

    High     Ft. Lauderdale-Pompano Beach-             99.9    103.77
             Deerfield Beach; FL

    High     Los Angeles-Long Beach-Glendale; CA       99.9     98.62

    High     Las Vegas-Paradise; NV                    99.8    138.02

    High     Tampa-St. Petersburg-Clearwater; FL       99.7    108.91

    High     Orlando-Kissimmee; FL                     99.6    111.05

    High     Santa Ana-Anaheim-Irvine; CA              99.0     98.59

    High     Jacksonville; FL                          98.9    105.56

    High     Phoenix-Mesa-Scottsdale; AZ               98.8    116.85

                     10 Most Stable of the 50 Largest MSAs

    Risk                                               Risk  Affordability
    Rank                   MSA                         Index    Index

    Minimal          Pittsburgh; PA                    1.7     139.96

    Minimal          Cleveland-Elyria-Mentor; OH       2.3     175.93

    Minimal          Columbus; OH                      2.4     155.65

    Minimal          Dallas-Plano-Irving; TX           2.5     131.27

    Minimal          Fort Worth-Arlington; TX          2.5     135.09

    Minimal          Houston-Sugar Land-Baytown; TX    2.7     133.63

    Minimal          Memphis: TN-MS-AR                 2.8     159.96

    Minimal          San Antonio; TX                   3.8     122.68

    Minimal          Charlotte-Gastonia-Concord;       5.7     133.47
                     NC-SC

    Minimal          Indianapolis-Carmel; IN           9.6     135.85