‘Absolutely bananas’: San Francisco homes sell for $1m above asking price amid AI boom

Source: www.theguardian.com · Section: business-tech · Bias: Center-Left · Published: Tue, 07 Jul 2026 22:33:58 GMT

Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarceSan 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. Continue reading...

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