Slight chill in Silicon Valley housing market

The San Jose Mercury reports a little cooling in the housing market in the valley:

Now, with interest rates rising, some prices falling and for-sale signs sprouting up across Santa Clara County, that may be finally happening -- at least a little.

It could be just a seasonal blip, but buyers say they're able to take a bit more time with their decisions. And when they bid on houses, they're not competing against as many other buyers as they would have been a few months ago.

``There's been more selection lately,'' said Mike Nelson of Campbell, who's looking for a house in the $700,000 to $800,000 price range -- and who was outbid on two homes this summer. ``We're seeing more inventory on the market much longer.''

A key measure of the strength of the market, called days of unsold inventory, has climbed in recent months