San Fernando home prices rise as foreclosures fall
Foreclosure activity drops 54.6% from July last year
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.