American Premium Water Corp. (HIPH)

[fanglemeister]

According to the South Florida Business Journal, the housing market is stronger than its been in a long time.
Link to full story:
http://southflorida.bizjournals.com/southflorida/stories/2010/03/22/daily19.html

Highlights:

Statewide, existing home sales increased 21 percent, with 11,890 homes sold in February, up from 9,867 a year ago.

Month-over-month, existing home sales statewide increased 13.6 percent.

More condos than homes sold in February, with West Palm Beach taking the lead in South Florida. In February, 698 condos sold there, up 45 percent from 483 a year ago.

Fort Lauderdale followed, with condo sales up 41 percent to 819 from 581.

Condo sales in Miami rose 35 percent, to 545 from 403.

Statewide, existing condo sales rose 59 percent, to 5,085 from 3,190.

“Although sales have been higher than year-ago levels for eight straight months and home prices are much more stable compared to the past few years, the housing recovery is fragile at the moment,” NAR Chief Economist Lawrence Yun said in a news release.

Still, NAR is predicting a surge in home sales this spring.

"Activity should be picking up strongly in late spring as buyers take advantage of the tax credit, which is critical to absorb distressed properties reaching the market and to continually chip away at inventory levels," Yun said. "If there is sufficient job creation, housing can become self-sustaining with stable to modestly rising home prices."