While the broader housing sector continues to face challenges, luxury homes in Silicon Valley are flying off the market. Analysts attribute this surge in...
luxury homes in Silicon Valley are flying off the market. Analysts attribute this surge in high-end real estate activity to the ongoing artificial intelligence boom.That the power of A I hype spilling from the tech world into the housing market of Silicon Valley as artificial intelligence booms.Data is showing us that there's been an 80% increase in the number of luxury homes sold in Silicon Valley and by luxury, I mean homes over $5 million.
We all know that A I boom is happening right now and NASDAQ has a lot of stock that is going up in price going up in prices. And many times the real estate trend often follows what has been happening during the two thousands or the 19 nineties, 1995 to 2 thousands.And then again, between 2014 and 2020 when social media companies like Facebook and Instagram were doing extremely well.So now this time, we believe that the A I boom is giving the luxury market another boost in Silicon Valley.
Almost 1.25 million Canadians will have to pay it at least once during their taxpaying lives. And it will likely hit stock prices, too -- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.
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