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Wells Fargo Sees Higher Rate Floor Squeezing Bay Area Housing as AI Buildout Powers Data Centers
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Wells Fargo Sees Higher Rate Floor Squeezing Bay Area Housing as AI Buildout Powers Data Centers
Wells Fargo's latest economic outlook argues that a structurally higher floor under long-term interest rates will keep pressure on Northern California housing and rate-sensitive commercial property, even as the region's artificial-intelligence spending boom sustains demand for data centers and power infrastructure.
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