More on foreclosures: Leading the national decline is California, where September filings...

|By:, SA News Editor

More on foreclosures: Leading the national decline is California, where September filings dropped to the lowest since 2006. House prices in the areas surrounding L.A. and San Franciso are up 11% Y/Y, and the heat is starting to spread inland, according to one major beneficiary, KB Home (KBH). Inventory of a 3.2 month supply is about half of what's considered "balanced."