Home sales rise

Home sales in the San Fernando Valley jumped 27 percent in June from a year earlier - the 10th consecutive annual increase - and prices continued to tick upward, a research center said Wednesday.Gregory J. Wilcox in the Daily News.

The median price for a previously owned house hit $381,500, up 3 percent from $369,000 in May and the third consecutive monthly increase. While the median was 19 percent below the $470,000 recorded in June 2008, year-over-year price declines have been narrowing.