Santa Ana leads a bittersweet real estate boomlet (Los Angeles Times)

The Orange County city is flooded with cheap foreclosures, giving people previously priced out of the market the opportunity to buy homes that others have been forced to leave. Angelica Maciel used to drive through the oak-shaded streets of Santa Ana wondering if she'd ever be able to buy one of the charming little bungalows she so admired. ¶ But the real estate frenzy had overtaken even this ...