In response to my May 6th post below:
No wonder since the last 30 days we are seeing the foreclosed properties (e.g. REO= Real estate owned by bank) in Silicon Valley and the starter properties have received multiple and multiple offers. I have witnessed the record of 75 offers in Milpitas! I believe the bottom of the Silicon Valley housing market has been well supported and we might see a momentous increase in the property values soon.