Santa Clara County home values hit bottom? - San Jose Mercury News
market, high rates for mortgages of more than $730,000, and the reluctance of many homeowners to sell their homes with prices down to move into something larger all resulted in a soft market for million-dollar-plus real estate throughout 2009.

Expensive homes are falling prey to foreclosure - USA Today
In some suburban areas, in the Northeast and California, for instance, million-dollar homes are fairly common, but nationwide, they represent 1.1% of overall housing stock. "We have seen an increase, in the million-plus range, of the number of