Is the Silicon Valley ready for a rebound?

Yesterday as I was out running, I thought about two reports I read last Friday in the San Jose Mercury.

The first was about Rosetta Stone's strong public debut on the New York Stock Exchange. Shares surged close to 40 percent on Thursday. It was the second IPO of the week. (Rosetta Stone provides language learning software in a multitude of languages.)

The other, an article entitled, "4th Month is a Row: Valley Home Sales Ahead of a Year Ago" by Sue McAllister ponders if the housing market in Silicon Valley has reach a bottom. REO's routinely generate multiple offers, with sales prices over list. These are usually the less expensive homes, but prices appear to be flattening out. The high end of the market remains soft, with scarcity of jumbo mortgages and job losses in the tech sector being two concerns. But, many Realtors are seeing increased sales in the last few weeks and strong interest from buyers.

Welcome change might be near. And it's starting with a positive headline in a major newspaper!

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®

Pacific Union International

CA DRE#10215160; 650-465-4547

Lottie@LottieKendall.com

www.LottieKendall.com

www.SFCondosForMe.com

 

 

Comment balloon 0 commentsLottie Kendall • April 20 2009 09:29PM
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