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National News

The Times of India

National / The Times of India

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Bay Area luxury home sales surge 39% as AI boom creates new wealth

High-income earners in the AI sector are driving luxury home sales nationwide. These affluent buyers are less sensitive to rising mortgage rates and property prices. The San Francisco Bay Area shows the sharpest gains in high-end property transactions. Potential initial public offerings for AI companies are adding urgency for buyers. This trend indicates a divergence between the luxury and middle-market housing segments.

2 Sep 2026 7:51 pm