Report finds widespread overbidding as rapid AI growth generates increased wealth in city where housing is scarce

San Francisco’s AI boom has buyers spending unprecedented amounts of money on homes – much more than sellers are asking for.

A new analysis from real-estate brokerage Compass, found that in the first half of 2026, more than 140 homes in the city sold for at least $1m above their asking price, 44 of them in June alone.

Manny Rutinel’s House campaign draws millions from big tech as pro- and anti-AI factions spar over regulation

Political groups funded by top tech executives have been homing in on one local race in Colorado, as the state’s Democratic primary vote gets under way on Tuesday. Democrat Manny Rutinel, who’s running in the competitive eighth congressional district for a seat in the House, has seen his campaign boosted with at least $2m in donations from committees led by the former Google CEO Eric Schmidt and crypto billionaire Chris Larsen.

Rutinel is a progressive candidate running against former state representative and centrist Democrat Shannon Bird. During his campaign, he has focused on his Latino heritage and centered his platform around affordability and regulating Immigrations and Customs Enforcement (ICE).