How San Francisco's residential real estate scene became 'probably the hottest market in the U.S.'

San Francisco’s housing market is heating up and the AI boom is a major reason why. 

Arrian recently told the San Francisco Business Times, "I think what's happening under the hood is that people are starting to realize that a tsunami is coming. The tsunami is that some of the biggest IPOs in world history are going to be happening in San Francisco and the Bay Area over the next 12 to 36 months...As people realize this, they are trying to front-run the IPOs, which means they are all having the same idea at the same time, creating a frenzied atmosphere on the demand side."

New data shows San Francisco’s median house price jumped 23% year over year, while competition has intensified amid extremely limited inventory. Luxury home sales above $5M surged more than 200% as affluent buyers move quickly to secure homes.

Read the full article for a deeper look HERE.