Single Family Market
The market seems to be reacting predictably compared to last month. Coming from increased listing activities and flat sales activities through the past summer and winter months, we are entering the upswing into the spring and summer season. There is no appreciable difference between March 06 and 07 in the area of homes going into contract (pending). That is quite surprising, considering all of the brouhaha about the collapse of the sub-prime lending market we all have heard so much about in the past few months. I suppose that is a testament to Silicon Valley's belief in its robust economy and the shortage of housing.
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Steve Mun, Silicon Valley Realtor
www.stevemun.com
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