AI’s housing impact is strong — but highly localized

Artificial intelligence (AI) and broader tech investment is reshaping broad swaths of the U.S. economy, but its impact on housing is proving far from uniform.HousingWire Data updated July 25 shows a growing divide between markets where AI wealth is supporting demand and those where even strong technology growth has not translated into higher home prices.While more than 40% of listings nationally are seeing price reductions, some AI hubs — particularly the San Francisco Bay Area — continue to show tight inventory and resilient demand.For eXp Realty Chief Innovation Officer Seth Seigler, the emerging pattern is less about a broad technology boom lifting every market and more about concentrated effects in specific regions. “You can talk to an agent in one market, and they’ll tell you that listings sit forever and it’s a real buyer’s market,” he told HousingWire. “Then, if you talk to somebody in those pockets of San Francisco where it’s very high end and is home to tech frontier labs, you can’t buy a house unless they’ll go a million dollars over listing or something, so it is just hyper local right now. “It isn’t just one thing coast to coast, and there’s a lot of things affecting it...