As witnessed in Silicon Valley over the last two decades, Tech industry growth impacts housing values and creates a profitable environment for real estate investment. But while Silicon Valley remains the premier Tech center in this country, California’s real estate scene is over saturated.
Last quarter, Coldwell Banker reported that Los Altos, CA, in the heart of Silicon Valley, had become the most expensive market in the U.S. with a median sale price of $2.3 million. This has also spiked rental costs, which commonly exceed $2,000 per month for a one-bedroom.
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