Housing costs are rising rapidly in a major US city. A significant increase in home prices has been reported, with a notable jump in the median selling price. Rental costs are also affected, with substantial growth in the prices of one and two-bedroom units.

Further information is available from the source, which attributes the rising costs to a surge in a specific tech industry. The city in question is experiencing its fastest pace of home price growth in nearly a decade. Details about the current housing market and its impact on residents can be found through a news report from CNN, which provides more insight into the situation.