200

205 (

$000

)Directional changes in home price trends appear in the the RPX before the S&P/Case-Shiller index.

185

190

195

Med

ian

Hom

e Pr

ice

180

Jan-09 Jul-09 Jan-10

M

Transaction DateRPX Composite S&P/Case-ShilIer 20-City Composite

Source: Radar Logic Inc.

$195

$200

$205

$210

quar

e Fo

otRPX prices are calculated using transaction records collected over no more than 28 days, while repeat-sales indices, like the S&P/Case-Shiller index, use data collected over 90 days. Moving averages of RPX prices can be used to predict other indices.

$180

$185

$190

$195

Pric

e Pe

r Sq

Publication Date

28-Day RPX Composite (90-Day Moving Average)

S&P/Case-ShilIer 20-City Composite

Source: Radar Logic Inc.

$192

$193

$194

$195

$196ua

re F

oot

Since April, an 11-week moving average of the RPX Composite has reliably predicted the S&P/Case-Shiller 20-City Composite.

$186

$187

$188

$189

$190

$191

Pric

e Pe

r Sq

$186

3/1/10 4/1/10 5/1/10 6/1/10 7/1/10

Publication Date

28-Day RPX Composite (11-Week Moving Average), published as of 7/22/2010S&P/Case-Shiller 20-City Composite, published as of 7/22/2010Forecast of May 2010 CSI 20-City Composite, to be released 7/27/2010

Source: Radar Logic Inc.