San Francisco's housing market is booming because of AI. This real estate stock should benefit

San Francisco real estate prices are rising rapidly and Essex Property Trust , a real estate investment trust, stands to benefit, according to Piper Sandler. The investment bank upgraded ESS to overweight from neutral on Sunday, arguing that the company "has the wind in its sails" due to the "AI-fueled rapid rebound" of property values in the Bay Area, which is bringing more highly-paid professionals into the city. …