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Volatile/well-shorted Trulia (TRLA +7%) and Zillow (Z +4.3%) jump following the release of...

Volatile/well-shorted Trulia (TRLA +7%) and Zillow (Z +4.3%) jump following the release of encouraging MBA Mortgage Applications data, which included a 15% Y/Y increase in the Purchase Index. Zillow is making new post-IPO highs, whereas Trulia remains 25% below its Feb. peak.
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