<story><title>Zillow 2020 Urban-Suburban Market Report</title><url>https://www.zillow.com/research/2020-urb-suburb-market-report-27712/</url></story><parent_chain><item><author>dmode</author><text>Just FYI, people have seen headline numbers in this Zillow report for SF market. But it is misleading. The overall housing market in Bay Area is actually stronger than pre-COVID [1] Even within SF, prices in condos are dropping but SFH are rising. So the narrative is people are moving from dense units to units with more space within the same MSAs. Which makes sense for me, as it allows people to WFH 2-3 days a week, and be in good school districts, while still commuting to office a few days&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.sfchronicle.com&amp;#x2F;business&amp;#x2F;networth&amp;#x2F;article&amp;#x2F;North-Bay-home-markets-sizzled-in-July-SF-showed-15490651.php&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.sfchronicle.com&amp;#x2F;business&amp;#x2F;networth&amp;#x2F;article&amp;#x2F;North-...&lt;/a&gt;</text></item></parent_chain><comment><author>nostrademons</author><text>Even with those caveats the narrative is complex.  &lt;i&gt;Some&lt;/i&gt; condo prices are dropping, but I&amp;#x27;m also seeing some 3BR condos &lt;i&gt;listed&lt;/i&gt; (not necessarily selling) for $1.6-1.7M, which is about $300K over what they were a couple years ago.  Also, with the conventional COVID narrative you&amp;#x27;d expect that houses in the hills or away from civilization would do better - but many of those houses (some in very prestigious locations like Saratoga or Los Altos Hills) are going for &amp;lt; $2M and sitting on the market for 6-8 months, while prices are rocketing up in Mountain View and it&amp;#x27;s getting hard to find a SFH for &amp;lt; $2.7M, even if it&amp;#x27;s on a tiny 6-8K ft^2 lot.&lt;p&gt;It also looks like both inventory and prices are rising, which is contradictory to standard economic theory but would make sense if we&amp;#x27;re nearing a market top.</text></comment>
<story><title>Zillow 2020 Urban-Suburban Market Report</title><url>https://www.zillow.com/research/2020-urb-suburb-market-report-27712/</url></story><parent_chain><item><author>dmode</author><text>Just FYI, people have seen headline numbers in this Zillow report for SF market. But it is misleading. The overall housing market in Bay Area is actually stronger than pre-COVID [1] Even within SF, prices in condos are dropping but SFH are rising. So the narrative is people are moving from dense units to units with more space within the same MSAs. Which makes sense for me, as it allows people to WFH 2-3 days a week, and be in good school districts, while still commuting to office a few days&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.sfchronicle.com&amp;#x2F;business&amp;#x2F;networth&amp;#x2F;article&amp;#x2F;North-Bay-home-markets-sizzled-in-July-SF-showed-15490651.php&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.sfchronicle.com&amp;#x2F;business&amp;#x2F;networth&amp;#x2F;article&amp;#x2F;North-...&lt;/a&gt;</text></item></parent_chain><comment><author>hn_throwaway_99</author><text>This was my primary question as well with the Zillow report. I could have missed it, but I didn&amp;#x27;t see how they define &amp;quot;urban&amp;quot; vs. &amp;quot;suburban&amp;quot; markets. I mean, in Austin TX, only the very downtown urban core has typical high rise apartments and condos that, anecdotally, I&amp;#x27;ve seen become much less desirable in coronatimes, while there are lots of single-family-home neighborhoods (which were already getting exorbitantly expensive pre-Covid) that are still very centrally located. If those neighborhoods are considered &amp;#x27;urban&amp;#x27; it would throw off the whole analysis.</text></comment>