Is the California Housing Market Bouncing Back?

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It looks like the housing market is back -- or at least well on its way. Standard and Poor's Case-Shiller Index this week revealed that March housing prices were nearly 11% higher than last year's. Several cities, including Los Angeles, had their highest gains in more than seven years. There are bidding wars and all-cash offers. Who are these buyers? What's driving this? Are we at risk for another bubble?

Credits

Guests:
Richard Green - USC Lusk Center for Real Estate - @keynesianr, Brad Keyes - Brad Keyes Realty - @BradKeyesRealty, Paul Leonard - Center for Responsible Lending - @CRLONLINE

Hosts:
Madeleine Brand, Warren Olney

Producers:
Anna Scott, Christian Bordal, Katie Cooper