Housing costs climb across all fronts in San Francisco

The steep rise in the cost of housing in San Francisco is prompting memories of previous affordability crises, with apartment rents, single-family home prices and condominium values all accelerating as a resurgence in technology hiring, particularly among artificial intelligence companies, collides with a chronically undersupplied housing market. The combination of robust demand and limited housing construction has left renters and homebuyers competing for a shrinking pool of available units, pushing housing costs sharply higher across the city.