Silicon Valley Real Estate Investor

Although we are seeing some improvement in the economy, the county’s assessment roll is not in a healthy state, according to Santa Clara County’s assessor, Larry Stone…
Good news is we are seeing a resurgence in the stock market; the median home price has increased 15 percent to $500,000 and above – though still a far cry from $800,000 in 2007; the status of banks appears to be improving and some are paying back the TARP money they received from the government; the auto industry has stopped its free fall; and in December, there was a 44 percent jump in the sale of homes – the most Stone’s seen since 2006.

via California’s Home Inventory Shrinks to a 5-Year Low, by Jim Carlton, on Wall Street Journal Website, published 1/23/10.
SAN FRANCISCO—California’s inventory of unsold, previously owned homes shrank to a five-year low in December, in another sign that the state may be coming out of its worst housing slump in decades.
The supply of unsold single-family homes [...]