San Fernando Valley median home price soars to $955,000, topping another record in June

Great news for homeowners, but tough news for those looking to buy: The median home price in the San Fernando Valley topped $955,000 in June.

The surge in prices is nearly 30% higher compared to last year.

It's also the fourth straight month that prices have been above $900,000.

Experts say home prices have been on the rise with people working remotely and looking for more room.

Low mortgage rates have also been fueling demand for home buying.