VOICED: Tech spurs growth in Silicon Valley housin

The video discusses the booming real estate market in Palo Alto, driven by the tech industry's resurgence and Facebook's IPO. With limited housing supply and increasing demand from new millionaires, home prices are soaring. The trend is expected to continue as tech companies expand, further boosting the local economy and real estate market.

What factors are contributing to the rise in real estate prices in Palo Alto?

How many homes are currently for sale in Palo Alto out of the total number of homes?

What impact is Facebook's IPO expected to have on the local housing market?

What is the average house sale price in Palo Alto?

What does the influx of newly wealthy individuals in Palo Alto suggest about future housing demand?