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In recent years, the flourishing development of the technology industry has not only been reflected in the stock market but has also had a profound impact on the real estate market in San Francisco. According to Yahoo Finance, local real estate agents and analysts widely attribute the current boom in the real estate market to the success of technology companies, with the most notable being the artificial intelligence (AI) industry.

Carl Lisso, Chief Market Analyst for the San Francisco Bay Area at Compass, pointed out that the soaring stock market is particularly important for the San Francisco Bay Area as it is home to numerous high-tech companies. With the significant increase in the market value of technology companies, especially the rise of the Nasdaq index, local residents have seen their wealth grow rapidly, boosting their confidence and stimulating their enthusiasm for home buying.

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For San Francisco, the prosperity of the technology industry is nothing new. As the home of Silicon Valley, the real estate market here has always been closely linked to the technology industry. Retired professor Rosen from the Haas School of Business at UC Berkeley emphasized the close relationship between housing prices and the development of the high-tech industry. The boom in the San Francisco real estate market originated from the "Dot-com Bubble" period from 1995 to 2000 and subsequently benefited from the rise of social media after the financial crisis, bringing immense wealth to the Bay Area. From 2010 to 2020, the Nasdaq index of tech giants such as Microsoft, Google, Meta, and Apple rose by about 260%, directly driving the rapid growth of San Francisco housing prices.

Today, the real estate market in San Francisco is experiencing another period of prosperity. According to local real estate agents and data, there has been a noticeable increase in demand for luxury homes. Vash, Vice President of the Compass branch in Santa Clara County, stated that after some luxury homes were listed, there were three to four dozen groups of people coming to view the houses every day, which has become the norm. At the same time, the median time on market for homes is only 9 days, far below the national median of 35 days, and nearly 80% of buyers are closing transactions above the asking price. Compass data also shows that the number of luxury homes selling for over $5 million has more than doubled in the past year.

Graf Kades, a senior agent at Compass Bay Area, pointed out that some luxury homes that had been on the market for months are now selling rapidly this year, with many buyers being professionals in the technology industry who can easily cash out with large stock holdings.