‘A million dollars over asking’: AI wealth fueling housing market frenzy in San Francisco

CNN: In the past few months, it has not been uncommon for a high-demand home to receive offers that are more than $1 million above the original listing price, DiDomenico said. He recently worked with a client who listed a home for $6.5 million. It received multiple offers, including several for hundreds of thousands of dollars above the asking price. The seller ultimately accepted an offer of more than $8 million.

“We’ve never really seen this before,” he said of the city’s real estate industry…

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