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ChatGPT boom fuels a luxury housing frenzy in Bay Area
The artificial intelligence (AI) boom has caused a surge in luxury real estate prices in the Bay Area, although more affordable areas in Silicon Valley haven't seen the same gains since the launch of ChatGPT kickstarted the tech sector's AI race.An analysis by Redfin compared the median home sale prices across price segments in 2020-2022 to 2023 to 2025, accounting for the launch of ChatGPT 3.5 in November 2022, which was a watershed moment in the public's awareness of AI. Redfin's report includes all ZIP codes in San Francisco, Oakland, San Jose and San Rafael that had sufficient data for the...1 week ago
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