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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 3:59 PM EST

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To: Jim McMannis who wrote (130405)	3/25/2001 9:32:32 AM
From: Tushar Patel	Read Replies (2) of 186894

Housing prices in the bay area soften. 2 stories in todays paper (San Francisco Chronicle): Prices of Silicon Valley Mansions Fall Back to Earth sfgate.com -- A Los Altos home that sold for over $4.3 million last spring went back on the market for $300,000 less. -- A home in desirable old Palo Alto, which was on the market at $5 million, has been dropped to $3.75 million. Still no takers. -- One Atherton home went on the market last June for almost $17 million. The price was then cut to $14 million, and slashed again in January to $7.95 million. It has yet to attract a single offer. Prices are beginning to soften for non-mansions as well according to this story: Home Buying Frenzy Fades Nasdaq plunge signals end of wild overbidding sfgate.com - Last Sunday he looked at a two-story house in Bernal Heights listed for $509,000. The price of the sunny home with bay windows was initially $539,000. - On Lafayette's Moraga Boulevard -- a quiet street of postage-stamp lawns and white picket fences -- agents Melanie Peterson and Sandi Costigane Mitchell held their third open house Sunday for the same property. They had just dropped the asking price for the three-bedroom creekside ranch home from $515,000 to $495,000. - In Berkeley -- historically a stable market -- an adorable two-bedroom bungalow sits with no offers three days after its open house. BerkeleyHome real estate broker Tim Cannon says if they don't get an offer this week they will reduce the $419,000 price tag -- possibly listing it for less than $400, 000.

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