Facebook IPO: Will It Boost Silicon Valley Real Estate Prices?

Tax revenue from Facebook's $104 billion IPO may not fill California's $16 billion budget deficit, but it will likely give a boost to Silicon Valley's already inflated real estate prices. The median home value in Menlo Park, Calif., the home of Facebook's headquarters, is $1 million, up 4.5 percent year-over-year according to the Zillow Home Value Index. Old and new Facebook workers are buying up property in the Bay Area, adding to the demand from tech workers at nearby companies like Google,...Full Story
Commenting on this article is closed.