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The AI boom drives San Francisco home prices to $2.15 million, hitting a record high
According to data from real estate brokerage Compass Inc., the median home price in San Francisco jumped to a record $2.15 million in March, up 18% from the same period last year, driven by a large inflow of wealth created by artificial intelligence (AI) startups into the city. Data from real estate platform Zillow Group Inc. shows that San Francisco’s home prices have surged, in stark contrast to the modest increase of only 0.8% nationwide through March.