AI Gold Rush Turns San Francisco Homes Into Million-Dollar Bidding Wars
San Francisco’s luxury housing market is heating up again — and this time, artificial intelligence appears to be helping fuel the fire. A wave of wealthy buyers connected to the Bay Area’s booming AI sector is driving fierce competition for high-end homes, with some properties selling for more than $1 million above their asking prices. According to MLS data cited by Compass chief economist Mike Simonsen, 44 San Francisco homes closed in June at least $1 million over their final asking price. Together, those sales topped $60 million, marking a sharp increase from earlier months. The trend has been building...