Money, Money Everywhere And Nary A House To Buy

Silicon Valley's millionaires are engaged in epic bidding wars for a small supply of homes

It's Tuesday morning in Silicon Valley. And today, as every Tuesday, dozens of attractive, no-nonsense, upbeat women carrying computer printouts are about to burst out of real estate offices, climb into their Mercedes and Lexus sedans, and spread out into the Valley's neighborhoods. It is tour day in the hottest real estate market in the nation. And there is no time to waste.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.