Home market: 'It's really bad'

In the first two months of this year, losing a home to foreclosure was almost as common for families as buying a home in the San Fernando Valley area. Gregory J. Wilcox in the Daily News.

During January and February, there were 1,084 foreclosures and 1,335 sales of houses and condos in Valley communities from Glendale to Calabasas, according to the San Fernando Valley Economic Research Center at California State University, Northridge.

By comparison, during the first two months of 2007 - also in a slumping market - there were just 235 foreclosures and 2,481 sales.