It’s been an emotional week, so let’s end on an upbeat, high note!
By AMIR EFRATI
As housing prices nationwide start to recover from their depths, home prices in Silicon Valley are close to an all-time high.
Many Silicon Valley cities have come nearly all the way back from the real-estate bust of just a few years ago, in terms of how much buyers are willing to pay per square foot for existing single-family homes.
Driven by technology employees looking to buy and a constrained housing supply, Los Altos, Palo Alto and Burlingame have registered the strongest comebacks. During the third quarter of this year, home prices in those cities were just several percentage points away from peak levels in 2008, according to new data from research firm DataQuick
Congratulations Bay Area. We are officially back and on track.
This weekend, go out and put a bid on every house. I predict that 2013 will be the year that the starting price of every home will be $1,000,888!
If we all pull together, I know we can do it.
Nothing can stop us now!