Seeking Alpha

David Sims'  Instablog

David Sims
Send Message
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
My company:
RidgeHaven Capital LLC
My blog:
  • 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 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
    Stocks: RDN, MTG, XHB, TOL
Back To David Sims' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Today's drop in $IMH is an entry point for long-term holders. Just about a P/E ratio of 6 here.
    May 6, 2015
  • Still accumulating $IMPHO preferred shares ( $IMH )
    May 4, 2015
  • Closed $IMH long today w/ stock at 8x forward eps. No further catalysts until quarterly earnings seen in near term. Could pull back.
    May 4, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.