Helping home prices rise is a drop in home foreclosure activity. That trend continued throughout the Los Angeles area in November, new data show.
The rate at which lenders have foreclosed on mortgages in the Los Angeles area fell to 1.67% of all home loans, data firm CoreLogic said. That compares to 2.67% the same month a year prior. That rate was lower than the national average, which was 2.97% in November.