Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Housing Reports Continue To Improve

|Includes:MTG, Radian Group, Inc. (RDN), TOL, XHB

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%.

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.

 

 

Metros with Largest Price Increases
# U.S. Metro Y-o-Y % Change in Asking Prices, June 2012 Homes in Foreclosure, per 1,000 Housing Units
1 Phoenix, AZ 18.9% 25.5
2 Miami, FL 16.1% 33.7
3 Cape Coral-Fort Myers, FL 14.9% 30.5
4 West Palm Beach, FL 9.6% 26.1
5 Denver, CO 7.2% 11.9
6 Orlando, FL 6.8% 29.3
7 Warren-Troy-Farmington Hills, MI 6.5% 17.5
8 San Jose, CA 6.2% 10.0
9 Detroit, MI 5.2% 21.2
10 Pittsburgh, PA 5.1% 4.4
  Source: Trulia.com    
Stocks: RDN, MTG, XHB, TOL