Despite being burdened with the majority of the short sales and bank-owned properties throughout 2008, the sub-million market has shown signs of an upward blip just after Labor Day. Attribute some down-ticking in interest rates from the Fannie/Freddie nationalization. The San Mateo Village neighborhood, for example, posted 4 Sales between Sept. 2 and Sept. 12. And this included 2 sales at the higher end of that neighborhood's bracket (list prices of $928,000 and $899,000) as well as a sale on Almaden Way (list $748,000) that lasted just 6 days on the market. Good data points for the market!