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San Francisco Faces Housing Crisis: Prices Soar, New Homes Plummet

1/6/2026

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Summary

Story summary

In 2025, San Francisco's median home sale price was $1.49 million, up 10% from 2024.
One-bedroom rents surpassed $3,500 per month, signaling a deepening housing crisis.
In 2024, San Francisco built 1,600 new homes, the lowest in over a decade, affecting 8,300 residents.
City leaders have implemented rent control and a Family Zoning Plan, while Harvey, a legal AI start-up valued at $8 billion, shows co-founders living with a roommate.

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Story summary

In 2025, San Francisco's median home sale price was $1.49 million, up 10% from 2024.
One-bedroom rents surpassed $3,500 per month, signaling a deepening housing crisis.
In 2024, San Francisco built 1,600 new homes, the lowest in over a decade, affecting 8,300 residents.
City leaders have implemented rent control and a Family Zoning Plan, while Harvey, a legal AI start-up valued at $8 billion, shows co-founders living with a roommate.