8/9/09: San Jose Mercury News: "Silicon Valley real estate market: The bidding war is back"

"The affordable end of the Silicon Valley's housing market has taken off, with homes often attracting dozens of bids in a repeat of the overheated days of the dot-com boom and the housing bubble...."

"...But despite prices that are in some cases half what they were at the peak of the market, first-time buyers are being shut out, outbid by investors willing to pay cash for houses they think will bring a good return on their money as rentals and eventually appreciate in value..."