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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%4:00 PM EST

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To: THE ANT who wrote (35127)5/26/2008 12:55:35 AM
From: energyplay  Read Replies (2) of 217764
 
While housing in the rest of California declines, there are a very few bright spots -

Here in Mountain View, an open house was just canceled as bidders bought the house before opening. Another house in the neighborhood sold within 4 days of the first open house.

The prices where as high or higher than the prices of 2 years ago . Both houses were in move in condition.

Most of this is the Google campus and Google spin off effect.

Palo Alto is also holding up well.

Everywhere else in the state is headed down, with 1 in 79 California homes in foreclosure. (That may be homes with mortgages - about 1/3 of Ca houses have no mortgage)
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