The Federal Reserve Bank of San Francisco
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DATE: September 11, 2000
TO: California Business and Real Estate Writers/Editors
WHAT:

Tech Stocks and House Prices in California

FRBSF Economic Letter #2000-27 dated September 15, 2000

In a just-released Economic Letter, San Francisco Federal Reserve Bank Economists Fred Furlong and John Krainer examine the comovement between house prices and stock prices of high-tech firms headquartered in the San Francisco Bay Area.

WHO:

Fred Furlong, Vice President, Economist
John Krainer, Economist
Federal Reserve Bank of San Francisco
WHEN: Now available on the Internet at: http://www.frbsf.org/econrsrch/wklyltr/index.html
WHY: Real Estate and Business reporters who are researching Bay Area home prices may want to consider how the wealth effect stemming from stock price appreciation of high-tech firms in the region has affected housing prices. Reporters who are seeking neutral, third-party input to bring perspective to their stories may wish to contact Krainer directly at (415) 977-3884 or John Krainer.
Contact: Lily Ruiz, Media Relations Specialist
Lily Ruiz
(415) 974-3240