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‘Fire Sales’ Boost Southern California Home Sales 

Aug 18, 2008By

First, the good news: The number of Southern California homes sold last month edged up to its highest level in more than a year, as bargain hunters swept up foreclosure properties in affordable neighborhoods. A total of 20,329 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in California last month — up 16.7 percent from the previous month, and 13.8 percent one year ago, according to San Diego-based MDA DataQuick.