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Fueled by Tech Industry Buyers, Rockridge Home Prices Go Through the Roof

By Ortrun Niesar

With mortgage rates still at historic lows and the presence of a large number of cash buyers, it would not be surprising if overbidding were the norm again this year. In 2013 the average increase over list price was about 10 percent, but a whopping 83 percent of the sold prices were up to as much as 30 percent over asking. More homes on the mar...