Population: 1.8 million
Average home price: $505,532
Year-over-year home price change: +2%
12-month home price forecast: +4%
The Silicon Valley is back, with a 13.6% increase in information-sector jobs in the past year. This home to many of the country's largest technology companies did suffer during California's dramatic fall. Prices here have dropped 21% from their peak in the third quarter of 2006, but they are expected to rise at an increasing clip over the next several years.
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