That has almost nothing to do with the price changes.
The vast majority of price changes is cities becoming more desirable via lower crime and reduced pollution + failing to keep up with housing demand + lower effective interest rates.
Consider the infrastructure changes around DC in the last 30 years vs the changes in population. In 2010 DC had 600k people in 2017 it hit 694k that's a dramatic shift. On the other hand it's population had been falling from 1945 to 2000. The people who left still commuted to DC, but infrastructure was not keeping up.
The vast majority of price changes is cities becoming more desirable via lower crime and reduced pollution + failing to keep up with housing demand + lower effective interest rates.
Consider the infrastructure changes around DC in the last 30 years vs the changes in population. In 2010 DC had 600k people in 2017 it hit 694k that's a dramatic shift. On the other hand it's population had been falling from 1945 to 2000. The people who left still commuted to DC, but infrastructure was not keeping up.