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Signs of Life in 2008's Worst-Off City

Mountain House, Calif., in which over 90 percent of owners owed more than their house was worth in 2008, is feeling less glum these days— you can tell by the Little League participation, which has gone from 178 to 220 kids in a year. More importantly, the bidding war has returned to the real estate scene, with one family jostling with 12 others for a $299,000 5-bedroom home. (They lost, and the house eventually went for 30 percent above asking.) The exurb: it's not dead yet! [WSJ]