Lately I’ve been talking about the high level of activity in the local housing market, and a pair of recent articles in the LA Times help explain at least some of what’s driving it. Check out this reporting by Alejandro Lazo about how the drop in foreclosures is boosting prices. And E. Scott Reckard tells us that there’s a new record low in the mortgage lending rate, per Freddie Mac. This is valuable info for anyone who’s shopping for a home — or thinking of selling.

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