$DWAC $TOL The Silicon Valley Business Journal. “Housing prices in San Jose fell by an average of $75,300 from April to June, the biggest drop in prices over that time period among the top 50 U.S. markets, according to a new report. The price of the average house in the Capital of Silicon Valley fell from $1.56 million in April to $1.49 million two months later, market analysis firm Black Knight said. That was a 5.1% decline. Over that two-month period, eleven other top 50 markets also saw drops in home prices, with seven seeing prices fall by at least 1%. Four of those were in California — in San Francisco, average home prices dropped by 2.8%; in San Diego by 2%, Los Angeles by 1.3% and Sacramento by 1.1%.”
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