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