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Author: Kaleido181 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 12880  
Subject: Re: Housing prices in the Valley Date: 6/11/2001 1:16 PM
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Have they come down at all since the .com meltdown??

Not just the .COM meltdown, the overall slowing of the economy is affecting the entire Silicon Valley. Housing prices may be down 10% or so from the peak. Since there was a 40-50% increase over the last 2-3 years, this doesn't seem like much.

This may slow further as there are other signs of slowing. Last weeks BrassRing recruiting faire had about 170 companies with booths. This is down from 340 companies 3 months ago and over 500 companies last year.

The downturn has not hit housing as it lags the economy somewhat. Have to wait to see about what evolves this fall.

Kaleido
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