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David Sims is a Certified Public Accountant residing in Richmond, Virginia.
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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. 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
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