Deputy Seminar, Denver, CO

NCUA Data: 1Q 2018

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018

CS/S&P Home Price Index (Source: S&P Case Shiller)

-80% -60% -40% -20% 0% 20% 40% 60%

Bust Net

Miami

Dallas

Minneapolis Detroit

Washington Tampa

Seattle

National-US Atlanta

Denver

Boston

Phoenix

Chicago

Portland

Los Angeles Comp-20

Comp-10

Charlotte

New York

Cleveland

San Diego

Las Vegas

San Francisco

CSBS - 2018 DEPUTY SEMINAR Denver, CO– July 16, 2018