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Big name executives buy homes in Palo Alto - and what it means for the local market

Michael Dreyfus is interviewed on CBS about high profile purchases in the area, after Mark Zuckerberg bought a 5 bedroom, 5 bath home for $7 million in Palo Alto. Newly minted highly level executives are buying, a sign that Silicon Valley is hiring again. This younger crowd likes to be in the mix. Facebook founder Zuckerberg, for instance, opted to buy a home off University Avenue over a property in Woodside.

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