Microsoft invested $10 billion into OpenAI, the creators of ChatGPT. *Based on the Vanguard S&P 500 ETF as of April 11, 2023. The below table shows data from last month, highlighting that just a small collection of companies drove most of the action on the U.S. Tech and AI stocks have soared as ChatGPT became a household name in 2023. The above graphic from Truman Du shows which stocks are making up the vast majority of S&P 500 returns amid AI market euphoria and broader market headwinds. Just 20 firms-mainly AI-related stocks-are propping up the S&P 500 and driving it into positive territory, signaling growing risk in the market. Just 20 Stocks Have Driven Most of S&P 500 Returns The largest town in the county is Aspen, a popular ski destination, and the county averages a price per square foot of $841. Lastly, it is worth noting that Pitkin County in Colorado is one of the other three most expensive U.S. San Francisco leads the pack because of its cultural appeal, but other places in the Valley are also extremely expensive, relative to anywhere else in America: The Bay Area also stands out, thanks to the unprecedented boom in Silicon Valley over the last 15 years. Across the river in Brooklyn (Kings County), the second most costly area of NYC, the price per square foot is only about a third of what it is in Manhattan. But the housing values fall off sharply as you move to the outer boroughs. The highest point in the map is clearly the tall white spike in the east: Manhattan (New York County), where the average price per square foot is $1,397. The visualization above focuses in on price per square foot at the county-level – and the results are clear: New York, San Francisco, and Aspen (Pitkin County) stand out.Īs Max Galka from Metrocosm notes, New York is instantly recognizable:
After all, a house bought in Hawaii might be more expensive than a small loft in New York City – but it might also be 5x the size. A Common Denominator?Ī county-level analysis may be the easiest to understand, and by using average price per square foot we have a more universal denominator. People have a mental picture of San Francisco as a whole, but fewer will be familiar with the nuances of specific neighborhoods like Presidio Heights, Nob Hill, or the Mission District. Meanwhile, zooming in on a neighborhood is interesting and thorough, but it may be too granular for most purposes. Using state-level data is too broad, and doesn’t account for any distinction between urban/rural areas. ft place).īoth of these approaches have significant drawbacks. For example, the most expensive neighborhood by median housing price is Presidio Heights in San Francisco ($7 million+ homes in January 2017), and the most expensive neighborhood for rent is West Village in New York City ($6,030 per month for a 1,000 sq. However, at a neighborhood level, the answer could be very different. Using home sale prices and data from the state-level, the answer is Hawaii with a median price of $547,600 per home. Where is the most expensive real estate in the United States? It depends on how you look at it. Don’t forget to check out his project, Blueshift. This 3D interactive map comes Max Galka’s great Metrocosm blog. 3D Map Shows the Price Per Square Foot of U.S.
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