High-end homes are staying on the market longer. One seller cuts his asking price from $45 million to $38 million, but he can afford to wait. Reporting from Los Angeles and Los Altos Hills, Calif. -- The housing slump has reached even the wrought-iron gates of Silicon Valley's great estates, where the rich and sometimes not-so-famous are having to adjust their thinking and their asking prices.

Topics:  reporting   los angeles   los altos hills   calif    the   silicon valley   housing   million   

 

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