Artificial intelligence companies' explosive growth is boosting San Francisco's luxury real estate market.
Compass data shows that San Francisco median home prices grew by double digits from 1997 to 2000, reaching nearly a 30% annual gain and“I think the Bay Area in San Francisco in particular is more susceptible to booms and busts because of how high tech has become such a dominant industry over the last 30 to 40 years,” Carlisle said. “Because of the dot-com boom, which was very localized … in San Francisco and Silicon Valley was very, very dramatic. When that crashed, we saw a decline in prices.
Available homes for sale are rare; high-end buyers have "maybe 25 to 50 choices at most," Walsh said. But that could change as the industry continues to expand. As AI becomes increasingly intertwined with daily life, employment opportunities could grow significantly.Click here for the latest personal finance news to help you with investing, paying off debt, buying a home, retirement, and more
This woman bought a four-bedroom, two-bathroom house for $135,000. In the Midwest, it's still possible.
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