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David Sims is a full-time independent analyst and contributor on popular investment sites such as Seeking Alpha. David covers distressed equities and activist investing campaigns most recently. In the past, covered topics included covered call trading and the housing market. David is Certified... 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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