San Fernando Valley Home Sales Leap 25 Percent in May
By Emily Rose Newmark
(Keller Williams Realty)
Had to share this article from The Daily News with everyone. San Fernando Valley Home Sales Leap 25 Percent in May http://business-news.thestreet.com/daily-news/story/san-fernando-valley-home-sales-leap-25-percent-may/1 Home sales in the San Fernando Valley jumped 25 percent in May, the biggest increase in 30 months and a sign that the market may be on the mend, a research center said Thursday. And in another encouraging indicator, the number of properties foreclosed on in May plunged 52.5 percent from a year earlier, said the San Fernando Valley Economic Research Center at California State University, Northridge. "This is really good news. Foreclosures are no longer driving the market," said economist William W. Roberts, the center's director. Last month, sales of new and previously...
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