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David Sims is the managing member of RidgeHaven Capital LLC. We prefer distressed equities and value investing. David is Certified Public Accountant and previously worked as a licensed stock broker, auditor at a Big 4 accounting firm, general ledger accountant and systems administrator at a... More
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  • Housing Reports Continue To Improve 0 comments
    Jul 9, 2012 10:24 AM | about stocks: RDN, MTG, XHB, TOL

    A number of government and private housing reports were released in the past few days. They show a lot of positive news for the housing market.

    The U.S. Department of Housing and Urban Development reports that home equity increased $457.1 billion during the 1st Q of 2012, increasing 7.4%.

    (click to enlarge)

    Real Estate website Trulia.com is reporting that asking prices have risen 3.3% in the 2nd Quarter of 2012 and that 84 out of 100 metro areas saw gains.

    (click to enlarge)

     

     

    Metros with Largest Price Increases
    #U.S. MetroY-o-Y % Change in Asking Prices, June 2012Homes in Foreclosure, per 1,000 Housing Units
    1Phoenix, AZ18.9%25.5
    2Miami, FL16.1%33.7
    3Cape Coral-Fort Myers, FL14.9%30.5
    4West Palm Beach, FL9.6%26.1
    5Denver, CO7.2%11.9
    6Orlando, FL6.8%29.3
    7Warren-Troy-Farmington Hills, MI6.5%17.5
    8San Jose, CA6.2%10.0
    9Detroit, MI5.2%21.2
    10Pittsburgh, PA5.1%4.4
     Source: Trulia.com  
    Stocks: RDN, MTG, XHB, TOL
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