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Total sales volume to international clients is estimated at $82.5 billion for the 12 months ending March 2012, up from an estimated $66.4 billion for the 12 months ending March 2011, according to a study from the National Association of Realtors (NAR). The trade group says 27 percent of its members report having worked with international clients this year. While international buyers purchased all throughout the country, a majority of sales were distributed across four states. Florida, California, Texas, and Arizona accounted for 51 percent of international home purchases. Florida has been the fastest, growing destination of choice, accounting for 26 percent of foreign purchases. California was home to 11 percent, and Texas and Arizona accounted for 7 percent. NAR's study found the average price paid by foreign buyers was $400,000 compared to the overall U.S. average of $212,000. Forty-five percent of international purchases laid down less than $250,000 for their new U.S. home. In addition, NAR says there appears to be a gradual increasing trend toward purchases in the $250,000 to $500,000 price range. In Miami, even though home sales in April fell slightly, the multimillion-dollar luxury home market experienced a 36.5 percent increase from both the month before and previous year, according to DataQuick. Georgia rank: 27 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 4.36%2.87% 8.9% year ago 4.75%3.09% 9.8% percent point change -8.3%-7.2% -9.2% Top County HEARD COUNTY 90+ Day Delinquency Rate 4.07%5.66% year ago 6.23%3.51% percent point change -34.6%61.0% Top Core-Based Statistical Area GAINESVILLE, GA 90+ Day Delinquency Rate may 2012 86 Foreclosure Rate 3.90%3.86% year ago 4.38%3.49% percent point change -11.1%10.7% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the May 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. Georgia Hawaii Nationwide Appraisal & Settlement Network Launches Mobile Website Nationwide Appraisal & Settlement Network announced last month the immediate release of its mobile website for clients and vendors on the move. The new mobile site allows clients and appraisers to instantly communicate with a Nationwide team and update files by logging on or sending messages directly through the site. "We understand that our appraisers are busy and on the road more often than not," said Joni Pilgrim, director of sales and marketing for Nationwide. "This mobile site gives them the opportunity to access their files and update them while out in the field going from appointment to appointment." According to a statement from the company, the goal behind the creation and launch of the mobile site is to keep the lines of communication open between clients, appraisers, and the appraisal management company without having to worry about time delays and work pile-up. Foreclosure Rate may 2012 certified appraisers to offer commercial evaluations to lenders. Real estate evaluations are valuations of properties that are prepared in connection with typically low-risk transactions and that qualify for one of three specific appraisal exemptions provided in the federal bank regulators' appraisal regulations. MountainSeed's new program educates appraisers on how to perform an evaluation in an appraisal format. The company will also educate commercial lenders on the product. "Because we work so closely with the appraisal community, we always scratched our head at why appraisers, who were most qualified to do an evaluation, were not getting these assignments," said MountainSeed CEO Carl Streck. "Over the past few months, we have worked with the lending and appraisal communities to resolve the communication breakdown and develop a program to offer evaluation assignments to appraisers." MountainSeed Appraisal Management is a full-service appraisal management firm serving banks nationwide. It is headquartered in Atlanta, Georgia. Nancie Lyons Realty rank: 6 90+ Day Foreclosure Unemployment Delinquency Rate RateRate may 2012 2.50%5.93% 6.3% year ago 3.28%4.56% 6.6% percent point change NANCIE LYONS c: 828.361.0003 www.nancielyons.com nancie@nancielyons.com -23.8%29.8% -4.5% Top County HAWAII COUNTY 90+ Day Delinquency Rate may 2012 MEMBER Foreclosure Rate 3.24%10.78% year ago 4.78%8.20% percent point change -32.3%31.3% IN THE NEWS Top Core-Based Statistical Area HONOLULU, HI MountainSeed Launches Commercial Evaluation Program for Appraisers MountainSeed Appraisal Management, LLC, launched a new program last month designed to make it easier for licensed and 90+ Day Delinquency Rate Foreclosure Rate may 2012 2.17%3.82% year ago 2.61%2.92% percent point change -16.6%31.1% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the May 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services.