Market still crazy, but no longer ‘insane’

How boring. Home prices in Santa Clara county set another record . But wait! What’s this? Prices increased less in the past year than expected. In fact, the yearly appreciation hasn’t been this low since October 2003.

Santa Clara County’s median home price hit a record $735,000 in March but the double-digit annual appreciation of years past is slowing, providing further evidence of a cooling real estate market.

The median price of a previously owned house was […] up nearly 11 percent from March 2005.

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