Recent analysis from Zillow found most workers at Google, Facebook and Apple headquarters live in homes valued at more than $1.1 million, and these homes have appreciated in value faster than other properties in the same market. Higher-than-average home price appreciation coupled with increasing wages in the tech industry could mean some of these owners may consider a sale. For agents, most of these homes would rank as luxury listings, valued at more than $1 million each.
- The home value of a Silicon Valley tech employee is five times more than the average U.S. home
- Tech employees who have seen significant home price appreciation could consider a sale moving forward
- The wealth gap between tech employees and other workers could put stress on the SIlicon Valley housing market
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Inman Connect New York | January 29 - February 1, 2019