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Nevada rank: 8 90+ Day Delinquency Rate Foreclosure Rate May 2013 5.1% Unemployment Rate 4.8% 9.5% year ago 7.1% 5.8% 11.5% year-over-year change -29.0% -16.8% -17.4% Top County Nye CouNTy 90+ Day Delinquency Rate Foreclosure Rate May 2013 4.2% 7.5% year ago 5.9% 6.9% year-over-year change -29.3% 8.9% Top Core-Based Statistical Area PAhrumP, NV 90+ Day Delinquency Rate Foreclosure Rate May 2013 4.2% 7.5% year ago 5.9% 6.9% year-over-year change -29.3% 8.9% 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 May 2013 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary May 2013 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Applied Analytics. Summit Mitigation Services Adopts RIO Genesis Platform Nevada Larry DeCoursey RE/MAX Advantage - Aliante U.S. Dept of HUD Local Listing Broker Phone: 702-304-9800 Cell: 702-278-7778 Larry@team702.com www.TEAM702.com IN THE NEWS Solidifi Unveils Program Recognizing Top Appraisers Solidifi, an independent residential real estate appraisal provider, announced the launch of its EXTRAordinary Appraiser Program, which is designed to recognize the industry's top appraisers—local experts from across the nation who have proven 86 time and again their willingness to go above and beyond for Solidifi's lender clients and borrowers. Each appraiser is benchmarked against their peers using dozens of metrics to ensure strong performance, quality, expertise, and customer service, the company explained. "Our core strength is the elite network of Solidifi PerforMAX appraisers we have built up across the country," said Andrew Bough, chief valuations officer at Solidifi. "But so often these top appraisers are the unsung heroes of the valuation process. We decided to change that by creating the EXTRAordinary Appraiser program to recognize their efforts and turn the spotlight on the great work they're doing on behalf of lenders, homeowners, and the mortgage industry." Solidifi celebrated the program's launch with an inaugural recognition event at the Valuation Expo in Las Vegas. There, 30 appraisers were celebrated at a private reception. Paul Lewis, an independent appraiser from Orono, Minnesota, was one of the individuals spotlighted at the Solidifi event. "It was an honor to be recognized for something I often take for granted," Lewis said. "In a profession full of deadlines and stress, it's nice to know that my efforts are appreciated." Summit Mitigation Services, a national short sale and debt negotiation company, will use the RIO Genesis platform to manage all of its transactions, Nevada-based RIO Software Solutions announced. RIO Software Solutions also announced the release of its "Easy" button. With just one mouse click, agents and brokers on the RIO Genesis platform can engage Summit Mitigation Services to process short sale transactions on their behalf. By allowing Summit Mitigation Services to process short sales, agents can use their time to obtain more listings and focus on making more sales, the company explained. "The 'Easy' button is something that many RIO Genesis users have been asking for, and we are excited to now have this service available to them," said Charis Wayman, RIO Genesis president. "Summit Mitigation Services has one of the highest approval rates and fastest turnaround times in the country, and we could not have asked for a better partner on this." Wayman added, "Agents working with RIO Genesis and Summit Mitigation Services may receive new listings from other institutional clients using the software. It is really a win-win with the opportunity for agents to receive additional listing assignments." The two companies will also work together to provide free training webinars to help agents learn skills to increase short sale listings while managing them more effectively. "We're excited to be on the RIO Genesis platform. Not only does it make our entire operation that much more efficient and cost effective, but it provides agents with an easy and simple interface for managing their short sale business, and the new 'easy button' makes it very easy to work with us from anywhere in the nation," said Karl Falk, Summit Mitigation Services CEO. Home Sales in Las Vegas Area Increase for 2nd Straight Month Home sales in the Las Vegas-area rose year-over-year for the second straight month in May following 10 months of declines, while the median price made its 14th consecutive annual gain, DataQuick reported. In May, a total of 5,005 new and resale homes and condos were sold in Clark County, according to DataQuick. The monthly total put home sales 3.6 percent higher than year-ago levels and 2.8 percent higher than the month before. DataQuick also noted that activity for lower-priced homes is decreasing while sales for mid- to high-end homes are increasing. For example, sales of homes priced below $100,000 fell 44.8 percent in May compared to a year earlier, and homes priced below $200,000 were down 17.8 percent for the same time period. At the same time, sales for homes priced from $200,000 to $500,000 shot up 76.9 percent, and home sales of more than $500,000 nearly doubled, rising 92.6 percent, according to DataQuick. Overall, the median price for a new or existing-home in the Las Vegas area rose to $162,000 in May, up 32.8 percent year-overyear and 1.3 percent month-over-month. According to DataQuick, the annual doubledigit price gains have continued for the past 11 consecutive months.