Home sales, foreclosures, rise in August

Home sales in the San Fernando Valley inched up in August for the first time in more than a year, while foreclosure activity also spiked, a research center said Tuesday.Gregory J. Wilcox in the Daily News,

Sales of houses and condominiums increased 2 percent last month to 1,350 properties from 1,318 a year earlier, said the San Fernando Valley Economic Research Center at CSUN. It was the first year-over-year increase in 13 months.

And sales popped up 11.5 percent from 1,211 in July.