IPOs stoke San Francisco housing market
SAN FRANCISCO (Reuters) – Adam Holm has been looking to sell his three-bedroom Victorian house in San Francisco’s Potrero Hill neighborhood all year, but he needs one thing to happen first: gaming-company Zynga’s initial public offering. “It seems foolish to put it on the market before when there are a thousand people down the street who are about to make a million dollars,” said Holm. His place is within walking distance of Zynga’s headquarters, and he expects prices in the neighborhood to rise significantly in the wake of the IPO. …