The highly anticipated IPO of the social media giant Facebook takes place today, and many people expect the public offering to rank as one of the biggest ever.
But others have been waiting for the IPO, as well – people hoping to make a fortune from newly minted Facebook millionaires.
Miles McCormick, a real estate agent in Palo Alto, joins the show to discuss what's ahead for real estate in the Silicon Valley.
He cautions the culture of Facebook, set by the hoodie-wearing Mark Zuckerberg - who lives in a modest ranch-style home and drives an Acura - is less about conspicuous consumption and more about practicality.
Miles McCormick is a real estate agent with Keller Williams in Palo Alto, Calif.