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San Fernando home prices rise as foreclosures fall

Foreclosure activity drops 54.6% from July last year

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The housing market in San Fernando Valley, Calif. continues to improve as homes prices increased and foreclosure activity trended down in July. Per the Los Angeles Daily News:

Last month the median price of a previously owned Valley house rose to $508,000 from $400,000 in July 2012, said the San Fernando Valley Economic Research Center at California State University, Northridge.

Foreclosures in July fell 54.6% to 103 properties from 227 a year earlier and were unchanged from June.

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