Home sales steady

Home sales in the San Fernando Valley and Los Angeles County are not likely to spike in October by the same impressive amount as the national average, a sign that the local housing market is in stronger shape, industry watchers said Monday. Bob Strauss in the Daily News.

Whereas home sales rose nationally by 36 percent for the month, California October home sales figures - due out on Wednesday - are expected to come in closer to 30 percent.

"We actually started seeing an increase in sales starting late last year," said Jim Link, CEO of the Southland Regional Association of Realtors, which covers multiple listings services for the San Fernando and Santa Clarita Valleys.