Investor Presentaiton

Wisconsin home prices were stable as interest rates doubled in 2022. . . . 145 140 135 3-year House Price Growth and Inflation 130 National 11.59% Wisconsin CPI 10.75% 125 5.20% 120 115 110 105 W WISCONSIN SCHOOL OF BUSINESS UNIVERSITY OF WISCONSIN-MADISON TOGETHER FORWARD® JAMES A. GRAASKAMP CENTER for REAL ESTATE 100 1/1/2020 3-year House Price Index for the U.S. and Wisconsin and Inflation 3/1/2020 5/1/2020 7/1/2020 9/1/2020 National House Price Index 11/1/2020 1/1/2021 3/1/2021 5/1/2021 7/1/2021 9/1/2021 11/1/2021 1/1/2022 3/1/2022 5/1/2022 7/1/2022 9/1/2022 CPI 11/1/2022 1/1/2023 -Wisconsin House Price Index Source: Federal Reserve Economic Data and Graaskamp Center.

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