An analysis conducted by Zillow found that the typical individual who works in and around Cupertino, Calif., lives in a home that is worth five times more than the typical American home.
“Despite the perception that Silicon Valley was immune to the effects of the recession, home values did drop during the housing bust,” the report says. “But they have recovered very quickly. While the median home value nationwide remains about 8 percent below its pre-recession peak, Silicon Valley home values are exceeding all-time highs.”
PB Topical Ref
