The document summarizes the Alabama Real Estate Confidence Index (ARECI) survey. Some key points: - The ARECI survey is a quarterly online survey of real estate professionals in Alabama that measures expectations for real estate market conditions. - The most recent Q3 2010 survey found somewhat unfavorable outlooks compared to the prior quarter, with commercial real estate having a more favorable outlook than residential. - The survey calculates indices for various indicators like sales, inventory, and credit availability across different regions and property types. - Over 600 real estate professionals have participated in the voluntary ARECI survey to provide their forward-looking views. The results are compiled and shared with participants and the public.

1. Alabama Center for Real Estate Alabama Real Estate Confidence Index® 2nd Annual Summer Roundtable ACRE Leadership Council Tom Brander, ACRE Council Member Rudulph/Brander Real Estate Reports & Grayson Glaze, Executive Director, ACRE Thursday, July 29, 2010 Bradley Arant Boult Cummings, LLP

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12. Next Survey