Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarce
San Francisco’s AI boom has buyers spending unprecedented amounts of money on homes – much more than sellers are asking for.
A new analysis from real-estate brokerage Compass, found that in the first half of 2026, more than 140 homes in the city sold for at least $1m above their asking price, 44 of them in June alone.
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This article was originally published by The Guardian and written by Sanya Mansoor.
Read original article on The Guardian