“COVID sort of masks this stuff. It’s not quite as obvious where people are moving to and if they’ve actually moved since everybody’s working remotely.”

An August “Suburban Market Report” by Zillow revealed that home prices in San Francisco had fallen 4.9% year-over-year, while inventory had jumped 96% during the same period as a flood of new listings hit the market. Zillow noted that they aren’t seeing the same trend in cities such as Miami, Los Angeles, Washington D.C. or Seattle.



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