Zillow Exposes Dramatic Exodus Out ff San Francisco Real Estate
16th August 2020
According to online real estate company Zillow, there is a mass exodus of people looking to get out of San Francisco real estate – as the housing market is on fire in the Bay Area suburbs, all the way to Lake Tahoe.
According to the company’s “2020 Urban-Suburban Market Report,” home prices in the city have fallen 4.9% year-over-year, while inventory has jumped 96% during the same period, as a flood of new listings hit the market.
I believe that the relevant technical term here is ‘voting with their feet’.