The AI boom has exploded the San Francisco housing market
- 4 hours ago
- 1 min read
At a Pacific Heights open house in January, a line of people made their way up the steps of a two-bedroom, one-bath cooperative. There were 85 of them—steps, not people. Eight flights, no elevator.
The property received 14 offers and sold for over $1.62 million, more than $400,000 over the asking price.
While much of the U.S. housing market has been stuck in a rut, slowed by elevated mortgage rates and home prices near record highs, pockets of San Francisco are rebounding in a big way.
The AI boom, a new mayor and other changes in municipal leadership have helped to bring the city back, reversing a yearslong slump.
Read the full story | WALL STREET JOURNAL
