The article discusses the resurgence of the San Francisco real estate market driven by expectations of significant IPOs from AI companies like OpenAI and Anthropic. This has created a sense of urgency among buyers, leading to increased competition for properties. Experts note that this dynamic reflects a growing demand in the housing market, contrasting sharply with the challenges faced during the pandemic.

Skip to...

Select

What To Read Next

Subscribe Sign In

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/real-estate/luxury-homes/san-francisco-real-estate-ai-boom-4eea9d24

An Impending IPO Boom Has Sparked FOMO Among San Francisco Home Buyers

As AI wealth drives up home prices, buyers are racing to purchase properties ahead of highly anticipated potential public offerings from OpenAI and Anthropic

Listen

(2 min)

Winni Wintermeyer for WSJ

Jessica Flint

and

E.B. Solomont

July 9, 2026 5:30 am ET

San Francisco’s pandemic-era doom loop has been replaced by a land grab, driven in part by anxiety about how artificial-intelligence wealth will impact home buying.

“It’s definitely the Wild, Wild West,” said David Cohen, founder of City Real Estate. “The market has had a huge influx of new demand.”

Continue reading your article with

a WSJ subscription

Subscribe Now

Already a subscriber? Sign In

Up Next

Read Original at WSJ →