I was sitting around today and talking with a few colleagues about the market condition in Silicon Valley. Eventually, the talk turned into an "oh, yeah...." contest. The topic was: what we actually participated in, or knew of someone in the office having participated in a multiple offer situation with the highest number of participants within the past few months. We were lamenting that the market was changing faster than people realized, because they still rely on newspapers and other media for their inaccurate information. People were not getting the true picture out on the street. These are all matters of public record now, so I can post the stories behind the stories.
As I have mentioned previously, real estate industry is a locally driven business.
Click below for the full article.
http://activerain.com/blogsview/51658/Heard-on-the-street
Steve Mun, Silicon Valley Realtor
www.stevemun.com
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