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Portfolio Advisors represents the best of both worlds. Our company provides an important new dimension to Wingspan, already known for its award-winning capabilities." The acquisition is Wingspan's second in 2013. In February, the company acquired the JPMorgan Chase servicing facility in Melbourne, Florida, retaining existing staff to service loans for Chase and Wingspan's other clients. STAT INSIGHT 436,354 Total home sales in Texas for the 12-month period ending in April. Source: CoreLogic Utah rank: 33 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.4% Unemployment Rate 1.6% 4.7% year ago 2.7% 2.3% 5.7% year-over-year change -10.9% -29.9% -17.5% Top County 90+ Day Delinquency Rate Beaver CoUnTy Foreclosure Rate April 2013 1.2% 3.0% year ago 1.7% 3.8% year-over-year change -27.4% -22.7% Top Core-Based Statistical area Cedar CiTy, UT 90+ Day Delinquency Rate Foreclosure Rate April 2013 3.2% 2.7% year ago 3.7% 4.2% year-over-year change -14.8% -36.6% 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 April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. 92 IN THE NEWS Real Property Management Doubles in Size over Two Years Vermont rank: 10 90+ Day Delinquency Rate Foreclosure Rate April 2013 1.6% Unemployment Rate 3.8% 4.0% year ago 1.5% 3.8% 4.9% year-over-year change The property management industry is poised for growth thanks to the booming rental sector, according to Utah-based Real Property Management. Citing Census Bureau data, the company notes the number of households that rent instead of own has jumped to 38 million and should rise to 41 million in the next two years. Furthermore, renter-occupied housing accounts for about one-third of households. In addition, many homeowners who were forced to relocate but unable to sell their home have become an "accidental landlord," which also adds to the need for property management services. Real Property Management says it has doubled in size over the past two years. Currently, the company has 230 offices across 47 states and opens an average of eight new franchises per month. "Profound changes in the housing market have created significant demand for property management companies like ours," said Kirk McGary, CEO of Real Property Management. "Our franchise continues to grow along with the number of renters, and it doesn't look like that's changing anytime soon." Current plans call for the addition of 60 to 80 offices in 2013, and more than 100 offices annually moving forward. Currently, the company manages assets worth more than $5 billion. "Today's investors have a property portfolio that spans the nation," McGary said. "Our national footprint, focus on best practices, and extensive experience allows us to appropriately provide services for such a portfolio." Real Property Management's services include marketing, sourcing tenants, completing lease agreements, collecting rents, maintaining properties and grounds, and arranging for property repairs. KNOW THIS Salt Lake City saw employment rise 1.4% during the three months ended in April and experienced a 4.1% increase in employment from April 2012, according to Auction.com research. 3.7% -0.5% -18.4% Top County Grand Isle CounTy 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.2% 5.9% year ago 1.5% 4.4% year-over-year change 48.7% 33.6% Top Core-Based statistical area BennInGTon, VT 90+ Day Delinquency Rate Foreclosure Rate April 2013 2.2% 5.5% year ago 2.2% 5.4% year-over-year change -1.5% 1.5% 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 April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Virginia rank: 48 90+ Day Delinquency Rate 2.2% Foreclosure Rate April 2013 Unemployment Rate 0.9% 5.2% year ago 2.2% 1.7% 5.9% year-over-year change 0.3% -47.3% -11.9% Top County Cumberland CounTy 90+ Day Foreclosure Delinquency Rate Rate April 2013 3.3% 3.1% year ago 3.5% 2.3% year-over-year change -5.1% 32.9% Top Core-based Statistical area WaShingTon-arlingTon-alexandria, dC-Va-md-WV 90+ Day Foreclosure Delinquency Rate Rate April 2013 2.8% 2.1% year ago 1.6% 1.5% year-over-year change 77.6% 39.6% 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 April 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary April 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics.