ICS

• New Yorkers Sense Improving Real Estate Market • Weak Market Making Slow Progress • Faith in Long Term Solid; Downstate Predicts Recovery Sooner than Upstate 1Q11NYSARReleaseFinal

• NYC and Long Island Pull Away from Pack; Downstate Gaining Strength, Upstate Stagnant • Current Outlook Drops across Upstate; Increases Downstate; Future Brightens for NYC, Remains Gloomy Upstate •…

• NY Confidence Weak but Steady; NY Equal to Nation Overall, Tops U.S. on Future, Trails Nation on Current • Concern Over Gas and Food Up Again; 65% Worried about…

• Volatile February Torpedoes Confidence; Overall, Current & Future All Sink • Gas Price Concern Highest Since Fall of 2008; Up for 5th Consecutive Month as Prices Soar • Pent…

• NY Confidence Soars: Consumer Sentiment Highest Since Summer ’07 • NY’ers Far More Optimistic about Future than National Rate; Every Demographic Group Up; NYC Leads the Way, Upstate Rebounds…

• Consumers Remain Bearish on Current Market; Recovery Expected Sooner Downstate • Great Time to Buy Today; Won’t Last Forever, NY’ers Say • Underlying Confidence in Real Estate Strong; All…

• Confidence Rallies Across 4th Quarter; Big Gains in Western NY, Albany Stagnant • Future Brightest in NYC & Long Island; Current Confidence Jumps in Syracuse, Buffalo and Rochester •…

• 2010: Year of Steady Consumer Worry Ends with Flat NY Trailing National Confidence • Cautious, Concerned Consumers Willing to Spend Carefully • Rising Prices Lead to Two Year High…

• Third Month in a Row; Consumer Confidence Up, Another Baby Step • NY Trails Nation on Overall and Current; NY Tops Nation on Future Outlook • Rising Gas Prices…

57% Plan Same Spending This Year; Only 4% Increasing Holiday Budget Two-thirds to Spend Under $600; 23% Budget $1000 or More 3/4’s Have Christmas Tree; Artificials Top Real; 30% Believe…