Is the California Housing Market Bouncing Back?

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Home prices are rising. Los Angeles is seeing some of the biggest gains in the country. Prices are still below their peak of seven years ago. So it is a good time to buy? Investors seem to think so. California is seeing more house-flipping than anywhere else, which raises the specter of another housing bubble. There are bidding wars and all-cash offers. Guest host Madeleine Brand asks, who are these buyers? Also, The Bling Ring, Hollywood imitating life imitating Hollywood.

Image-for-WWLA.jpgOn our rebroadcast of today's To the Point with Warren Olney, President Obama wants another stimulus plan to repair roads and bridges, but Congress is not enthusiastic. Plus, saying goodbye to a political lightning rod. Congresswoman Michele Bachmann calls it quits.

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