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an annual basis in March. However, both categories have been on the rise for many months. Single-family detached homes have risen in price for the past 14 months, while resale condo prices have risen for 18 months. Clarifire Launches Next-Gen Website Clarifire, a Florida-based provider of workflow automation technology, announced the launch of its next-generation website, eClarifire.com. As a provider of products and services to the financial services industry, Clarifire sought to differentiate itself from other solutions with a colorful new site that streamlines the user experience. The newly launched site channels the company's slogan—Brighter Automation—with vivid hues and vibrant graphics. "It's extremely interactive," CEO Jane Mason explained. "Visitors can test drive the dashboard, schedule a demo, or watch a short video about Clarifire, Clarifire Community, and Clarifire Cloud. The more you explore the more you see." Stacie Hawkins, industry relations director at Clarifire, said the company wanted the site to model Clarifire software's attributes of being easy to use and visually compelling. "And it does," according to Hawkins. "We think the design clearly communicates our fresh approach to problem solving through workflow automation." Georgia Georgia rank: 31 90+ Day Delinquency Rate Foreclosure Rate March 2013 3.7% Unemployment Rate 1.9% Average gross profit realized by property-flipping investors in the Orlando, Florida, metro in 2012. Source: RealtyTrac 86 Associate Broker, CDPE / BPOR Serving REO Since 1987 year ago 4.3% 2.7% 9.1% year-over-year change -13.4% -26.9% -7.7% Top County Heard CounTy 90+ Day Delinquency Rate Foreclosure Rate 1854 Independence Square, Suite D Atlanta, GA 30338 Phone: (770) 668-0063 Cell: (678) 296-6550 oppy@atlantareo.com www.atlantareo.com March 2013 3.3% 4.4% year ago 4.6% 4.2% year-over-year change -28.4% 4.3% Top Core-Based Statistical area THomaSTon, Ga 90+ Day Delinquency Rate Foreclosure Rate March 2013 5.5% 3.1% year ago 5.8% 3.6% year-over-year change -5.3% -13.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Georgia REO STAT INSIGHT 63% Marc Oppenheimer 8.4% Michele Calloway Acre Group 1942 Beaver Ruin Road, Suite B Norcross, GA 30071 678.310.3222 phone 404.424.3298 cell 404.806.5127 fax acregroupusa@gmail.com www.acregroupusa.com COUNTIES SERVED: Gwinnett, Dekalb, North Fulton SERVICES: Loss Mitigation Services, Preforeclosure Services/Analysis, Property Management, Valuation Services AFFILIATIONS: NAR, NAREB, AREAA, NAHREP, Short Sale Network, United Developers Council of Nareb IN THE NEWS Institutional Investors Impact Atlanta Housing Market Radar Logic closely examined purchase trends and patterns from institutional investors in the Atlanta area. Among its findings, the research firm found investors have been targeting a different cross section of homes compared to traditional buyers. According to Radar Logic's report, institutional investors are more likely to purchase homes that are cheaper, smaller, and located in lower-income areas compared to homes bought by non-investor buyers. In February 2013, the majority of institutional investor purchases fell in the range of $37 to $64 per square foot, as opposed to most other transactions, which tended to be priced between $52 and $109 per square foot. Overall, institutional investors were also more likely to buy homes that were one or two bedrooms. For example, institutional investors had a preference for homes that were between 1,100 and 2,000 square feet, with 59 percent of investors buying homes in that size range compared to 42 percent for other buyers. Investors shied away from bigger homes, with just 11 percent buying homes that were larger than 2,600 square feet versus 30 percent for other buyers. Institutional investors were also more active in counties around the Atlanta metropolitan area where per capita income was lower. Another common trait of investors is they tended to purchase properties from other investors or banks. Twenty percent of investor purchases in February were from banks or other institutions that sell REOs and foreclosures, compared to 13 percent for other buyers.