Florida Real Estate Market Reached Bottom in 2007

A new report released today by Attorneys' Title Insurance Fund
Inc. (The Fund) and posted on www.MyRealEstateStory.com finds that
Florida's housing market slowed in 2007 in nearly every county
analyzed. The report also shows that real estate markets flattened out
in spring 2007, before the subprime mortgage crisis in August knocked
markets down another 10 percent across the state. Since then the
housing market has flattened and is expected to begin to recover
during the next several years.

The 2008 Fund Real Estate Forecast, commissioned by Florida-based
Attorneys' Title Insurance Fund's Consumer Education Campaign, was
created by economist Hank Fishkind, Ph.D. of Fishkind & Associates,
Inc., using The Fund's extensive online system of deed data for more
than 30 Florida counties. The report provides a snapshot of the
national economic outlook and 33 county-specific forecasts for 2008
through 2010, as well as a section detailing how actual 2007 data
compared to projections that were made in last year's Fund 2007 Real
Estate Forecast report.

"Florida is one of the leading states for job creation and
outperformed the rest of the country despite the housing market
meltdown," stated Fishkind. "The state's population growth also
slowed, but is still nearly greater than all of the other Southeastern
states put together. Florida has a very large and powerful economy
that has gone through a cyclical downshift, but it is still
outperforming compared to the rest of the nation."

The Fund's 2008 Real Estate Forecast shows that Orlando continues
to be the strongest residential real estate market in the state
because of its large share of fast-growing industries, such as
tourism, healthcare, education and defense manufacturing. Not all
markets in Florida mirror Orlando's resiliency, however. Miami-Dade is
currently going through the worst condominium bust cycle that Florida
has seen since 1975. Additionally, significant excess supply of
single-family homes in the Fort Myers and Cape Coral markets will not
begin to be absorbed until 2010.

"With Florida's real estate market, it is important to maintain
some perspective as recent reductions in home prices come after a very
lofty and unsustainable peak, and prices are still up considerably
compared to 30 years ago," explained Fishkind. "Florida has created a
tremendous amount of wealth and - despite many of the problems that
loose lending practices and subprime mortgages have caused - the state
now has the highest level of homeownership ever. The market has some
indigestion now, but housing markets will return to normal during the
next few years; the damage for some is significant, but in the
aggregate, Florida still had some significant economic gains."