The Cupertino real estate market, a high end portion of the Silicon Valley housing sector, saw a slightly elevated rate of default filings and a substantial decline in the number of notices of sale in the most recent available figures. The overall trends of the market seem to suggest that the worst has passed for the area, and that the long-term trend will hopefully be positive. An October 12, 2010 article from the San Jose Mercury News stated that “As the uproar grows over the slipshod way some of the nation's largest lenders have handled foreclosures, a survey released Tuesday shows that foreclosure rates flat-lined in September in Silicon Valley. And while California has sidestepped much of the national drama, experts were divided over the possible future impact on homeowners now that Bank of America has temporarily put the brakes on all foreclosures nationwide. Mirroring the statewide trend, Santa Clara County saw notices of default filings, the first step in the foreclosure process, bump up 1.75 percent, while notices of sale, the final step, were down 17.81 percent. San Mateo County showed default filings drop 9.86 percent and sale notices dip nearly 16 percent from a month earlier. All four figures showed sizable drops from September a year ago…For the time being, though, there are indications that the entire foreclosure machine is stuck in low gear. For example, according to the survey, for the past three months the number of foreclosures canceled by lenders in Santa Clara County has declined, including a 15.6 drop in September.”

A senior economist seemed to indicate that Cupertino homes for sale and other properties in the Silicon Valley should see a positive trend in upcoming months, according to an October 18, 2010 report by Rose Meily. The article, found in the San Jose Mercury News, noted that “In an upbeat message at last week's annual membership meeting of the Silicon Valley Association of Realtors, Lawrence Yun said he believes "the worst in [home] sales is clearly over."…Yun supported his claim with data that shows, particularly in the San Francisco-San Jose area, the bottom has already occurred and prices are beginning to firm up. He stressed all real estate is local, and the Silicon Valley region is fortunate because many people want to live here, so demand for housing is high. California's housing market recovery started even before the homebuyer tax credit, according to the national economist.”