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Strategies & Market Trends : Currents of Currency

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To: The Wharf who wrote (198)	9/20/2012 3:42:10 PM
From: The Wharf	Read Replies (1) of 594

Trulia Inc. (TRLA), the first initial public offering in over a month, is making quite a debut after opening higher by 30% on the New York Stock Exchange this morning. Shares of the online real estate listing company opened at $22.10 after pricing at $17 a piece last night; above the targeted range of $14 - $16. In IPO filings the company reported a loss of $7.6 million on revenue of $29 million in the first half of the year. Though they're not turning a profit yet, user growth and the number of visitors and subscribers remain promising and today's over 40% rise underscores that sentiment. Not only is this an upbeat sign for the IPO market, it could mark improved confidence in the real estate market examiner.com •The increase in the number of home sales, •The confidence level in builders (which is now at its highest level since the housing market bust six years ago). •The national median home price, which is currently $187,400 (an increase of 9.5 percent over last year) Old standard three times income was considered a very payable mortgage. So if the median income is $50,502 150K would be considered a very safe mortgage However what the heck if FED if the buyer and the quantitative easer that allows the IPO to stretch and the Mortgage to extend way above income what was considered safe income level.

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