tech - hawg
Wednesday, September 13, 2006
  Good times for tech valley
USA Today has an article up detailing how life is going well for some tech heavyweights and a few upstarts in the Silicon Valley tech industry. The article is an interesting read if for nothing else, to see how well things are in the valley compared to everything else...

The largesse is starting to spill into the local economy. "We see a whole lot of money flowing out here right now," says Ginny Cain McMurtrie, a vice president at Saratoga, Calif.-based Alain Pinel Realtors.

In the first quarter of 2006, 82 homes were sold for more than $2.5 million in Santa Clara and San Mateo counties, the real estate firm says.

"I hear the agents talking about the Googlers and eBayers looking at $3 million houses," Cain McMurtrie says. A home in the tech-executive hamlet of Woodside recently sold for $10.3 million.

That's a striking contrast to the rest of the country, where a softening market has caused the median home price to nearly flatten at about $230,000, says the National Association of Realtors.

Dang, I am living in the wrong city.

[usa today]
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