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|
|3||Cape Coral-Fort Myers, FL||14.9%||30.5|
|4||West Palm Beach, FL||9.6%||26.1|
|7||Warren-Troy-Farmington Hills, MI||6.5%||17.5|
|8||San Jose, CA||6.2%||10.0|