http://nyti.ms/MKcvNo
In the past few months, the housing market in desirable areas or school districts of Silicon Valley - Cupertino, Palo Alto, Saratoga, Los Gatos, West San Jose, Mountain View and Sunnyvale - have been nearly as competitive as San Francisco is described in this article.
I have seen properties purchased in cash for 30% over the asking price or more. I wonder how long it will continue, but there are a lot more buyers and renters than space in Silicon Valley.
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