"As this tech workforce moved near the beach and the tech companies followed, the growth of the tech industry in L.A. 'put legs under the city’s housing market,' said Paul Habibi, a professor in the Ziman Center for Real Estate at UCLA. 'If real estate was strong before the tech sector, I think it’s made it increasingly so.'
"Specifically, he continued, tech has helped the $1 million-to-$3 million segment of the market. 'All the communities around Silicon Beach have undoubtedly succeeded due to the success of the tech sector,' he said."
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