Since then, Sears has held managerial
positions at several Hyatt properties including Hyatt Regency West Houston,
Park Hyatt Los Angeles, Hyatt Newporter, Hyatt Regency Long Beach, Hyatt
Regency San Diego.

position supports

"At $100,000, the household incomes of repeat homebuyers are much
greater than the population as a whole," Hamilton said.

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9
percent during the first quarter of 2005 compared to the first quarter
of 2004, when the gap stood at $41,660, the median household income
was $52,320 , and qualifying income needed to purchase a median-priced
home at $407,710 was $93,980. In his new role,
Mr.

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A.R.

seccesion efforts

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R. is headquartered in Los Angeles.

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(R) in California real estate for 100 years, the
California Association of REALTORS(R) (www.

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The HIGI
is calculated with the same assumptions used to generate C..

Homebuyer Income Gap Index(TM)

Median Median
Home Household PITI Qualifying Income
Area Price Income Payment Income Gap
---------------------------------------------------- -------- ---------
Q1 2005
----------------------------------------------------------- - ---------
California $488,600 $53,540 $2,850 $113,920 ($60,380)
----------- ------------------------------------------------- ---------
California - Condos $388,290 $53 ,540 $2,260 $90,530 ($36,990)
------------------------------------------------------------ -- -------
Central Valley $316,100 $41,040 $1,840 $73,700 ($32,660)
--------------- --------------------------------------------- ---------
San Francisco Bay Area $689,240 $67,770 $4,020 $160,700 ($92,930)
------------------------------------------------------------ ------ ---
Southern California $477,660 $52,050 $2,780 $111,370 ($59,320)
------------------- ----------------------------------------- ---------

seccesion particular

R.
(Click here for details)





Hyatt.
Prior to that, he was general manager of Hyatt Regency Lake Tahoe Resort &
Spa, overseeing a $60 million renovation and revitalization of the
property.

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He resides in Chicago.

particular republic

C.A.R. Survey Reveals California Households Fall $60 380 Short in Income Needed to Purchase Home; Income Gap in San Francisco Bay Area at $92 930

President Jim
Hamilton.
The San Francisco Bay Area had the highest gap in the state at
$92 ,930, where potential homebuyers had a median household income of
$67,770 but needed qualifying income of $160,700 to purchase a
median-priced home at $689,240. Sears will be based in Chicago at Hyatt 's corporate
headquarters.

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For those repeat buyers, the
Housing Income Gap can fall as low as $23,320.

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Personal Finance Writers/Business Editors/Real Estate Writers

LOS ANGELES----California households,
with a median household income of $53,540, are $60,380 short of the
$113,920 qualifying income needed to purchase a median-priced home at
$488,600 in California, according to the California Association of
REALTORS(R) (C. Sears is responsible for owner relations, financial performance and
standardization of product and services in Hyatt's 22 hotels in the Midwest
region.

Sites advocating either the secession of California from the United States, secession of a particular region from California to form a new state or secession from a city or county.

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car.

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"While home sales statewide continue to surge, the
California real estate market is being dominated by repeat homebuyers,
who account for three out of four home purchases in the state.. C. Mr. He reports to Chuck Floyd, executive vice president and chief
operating officer of Hyatt Hotels Corporation.

fernando position

's
monthly Housing Affordability Index (HAI): a 20 percent downpayment
and a monthly payment for principal, interest, taxes and insurance
that is no more than 30 percent of a household's income."
The Homebuyer Income Gap Index(TM) for California increased 44.A.

papers restore

"Repeat buyers
also are able to take advantage of equity gains in their current
homes, with many making a downpayment on their new home that's
frequently greater than 20 percent. Even though repeat
buyers fare better than first-timers, that's little consolation to
Californians spending a significant portion of their income servicing
their monthly mortgage.

"
According to the report, potential homebuyers in the Central
Valley, with a median household income of $41,040, had the smallest
income gap at $32,660, and needed a qualifying income of $73 ,700 to
purchase a median-priced home at $316,100.
Pete Sears has been promoted to senior vice
president, field operations for Hyatt Hotels Corporation.com


Most recently, Sears was general manager of Hyatt Regency San Francisco.

either position

Leading the Way.org) is one of the
largest state trade organizations in the United States, with more than
165,000 members dedicated to the advancement of professionalism in
real estate.

advocating howard

The association's Homebuyer Income Gap Index(TM) is a quarterly
analysis of the difference between the median household income and the
qualifying income needed to purchase a median-priced, single-family
home for the state and for select regions within the state .

valley dialogue

) Homebuyer Income Gap Index(TM) (HIGI) report for
the first quarter of 2005, released today.R.

PRESS RELEASE Pete Sears Named Senior Vice President Field Operations Hyatt Hotels Corporation

A 19-year Hyatt veteran, Sears started his career as a corporate management
trainee in San Antonio , TX.

supports either

secessionist independence

He has been general manager at Hyatt Regency
Fisherman's Wharf, Park Hyatt San Francisco and Hyatt Regency Orange
County.

california bear

A.

fernando california

"These numbers are particularly troubling for would-be first-time
homebuyers, who often are locked out of homeownership because of the
lack of affordable homes for sale," said C.A.

In 2002, Sears was nominated for the prestigious Pritzker Award, which
honors the most outstanding General Manager in Hyatt Corporation.

Sears graduated from Purdue University with a Bachelor's of Science degree
in Restaurant, Hotel and Institutional Management.

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- - kjjkjk

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