San Francisco's real estate market is shifting, with fewer residents wanting to leave and increased interest in buying homes locally. High living costs and rising home prices are countered by the city's relative affordability compared to nearby regions. Urban improvements such as reduced crime and cleaner streets enhance its appeal. Additionally, the resurgence of the AI industry is bringing tech professionals back to the city, further revitalizing local interest. Overall, San Francisco ranks second nationally for increased buying interest among locals.
San Francisco has seen a decrease in residents looking to move out, with more locals showing interest in buying homes within the city. The city's affordability compared to neighboring metros like San Jose, which has exorbitant home prices, is a significant factor in retaining residents.
Urban improvements, including reduced crime rates and cleaner streets, implemented by Mayor Daniel Lurie have contributed to the city's growing appeal. The AI boom in San Francisco is attracting tech workers back to the city, with significant investments in artificial intelligence playing a key role in revitalizing the area.
Several other metros have experienced a decline in out-of-market home shopping, with San Francisco ranking second in increased local interest in home purchases.
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