The biggest impact from imminent 2019 IPOs will be felt on the luxury end of the real estate market
Kahramaner projects that up to 2,400 of the new tech millionaires could potentially purchase properties priced at $1 million or under, while on the very high-end, just over 200 millionaires may purchase properties priced $10 million and over. These purchases will likely drive the local real estate market further.