Home prices during the AI boom have surged far faster in the Bay Area’s luxury zip codes than its non luxury zip codes—a split not seen before the launch of GPT-3.5 or in other major U.S. metros. Luxury zip codes in the San Francisco Bay Area saw a 13.4% average jump in home prices in […]
Bay Area Luxury Home Prices Have Jumped 13% Since Launch of ChatGPT Read More »
Luxury home sales are surging in San Francisco, the epicenter of the AI boom, pushing the median sale price to the highest March level on record. Tight supply is another factor pushing up San Francisco’s luxury prices; active listings are down roughly 15% year over year. San Francisco’s luxury housing market is greatly outperforming the
San Francisco’s Luxury Home Sales Jump 22% As Median Price Nears $7M Read More »
Pending home sales jumped 17% year over year in San Francisco last month—more than any other major metro. The typical home also sold in roughly 20 days—over twice as fast as the typical U.S. home. The housing market in the San Francisco Bay Area is picking up steam thanks to rising incomes, an AI boom
Bay Area Housing Market Heats Up Amid AI Boom, Return to Office Read More »
57% of homes in San Francisco sold above their list price in February, up from 50% a year earlier—the biggest jump among the top 50 metros. Homebuyer competition slowed fastest in Southern California; over half of homes in San Diego sold for below their list price, compared with just 42% a year earlier. Eight of
Big City Comeback: Homebuyer Competition Is Rising Fastest in the Bay Area, New York Read More »
Home sales are up 28% year over year in Portland, OR—the biggest gain of any major U.S. metro. Next come San Jose, Seattle and San Francisco, which also saw double-digit increases. In Portland, OR, home sales jumped 27.6% year over year in November—the biggest increase among the 50 most populous U.S. metropolitan areas. It was
Home Sales Surge by Double Digits in Pricey West Coast Markets Read More »
Mortgage rates have fallen to 6.1% from over 7% in the spring, pushing housing payments down by thousands of dollars in the Bay Area and hundreds of dollars in most other major metros. Redfin economists recommend house hunters who have been waiting for costs to decline jump in now, as mortgage rates are unlikely to