Are Silicon Valley real estate prices realistic?

  • Thread starter totallyproperty
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Over the last 12 months we have seen an increase of 76% in the number of properties sold across Silicon Valley with a value in excess of $1 million. Indeed real estate prices across this area continue to rise despite the fact that the wider US economy is not growing as expected. Indeed, some experts believe that we are on the verge of a house price bubble across Silicon Valley although the fact that the technology sector is booming is certainly underpinning prices – at the moment.

Are real estate prices in Silicon Valley realistic or will they collapse as and when the technology sector comes under pressure?