What I see around silicon valley is that rent is down allot, condos and attached house are down a little. But asking prices for single family houses are still r

What I see around silicon valley is that rent is down allot, condos and attached house are down a little. But asking prices for single family houses are still rising. And the good ones are still getting multiple offers over the asking price. There is plenty of tear down and build a bigger house going on, too, which drives up prices even faster by reducing the supply of smaller houses.