The worst-selling housing markets in America | msnbc.com

Link: The worst-selling housing markets in America | msnbc.com

    But things are far worse further west in California, which has three cities on our list: Los Angeles, San Francisco and San Diego. New California homes were built in spades during the housing boom. In San Diego subprime lending soared; in Los Angeles speculative buying was a big part of the problem. With cheap and free-flowing financing everywhere, buyers jumped to occupy those homes.