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Cloud hangs over US housing rebound

The market is better but the revival is deeply uneven, worsening divides and creating fissures

DOWN THIS ROAD: Roads in an incomplete subdivision lead to empty lots in Stockton. When the US housing bubble burst, the community was left with bad mortgages, few high-skilled jobs and public debt that would eventually push the city into bankruptcy.


EAST of San Francisco, beyond the Bay Area's rabid housing market and high-tech office parks, is a different California where the air is hotter, the land is cheaper and the homeowners are enduring a more precarious version of the American dream.

You get there on Interstate...

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