Coronita
You are correct! RE is all about location, location, location.
The buyers of the last 10 years around here were strong and have gotten stronger via the job market, appreciation, stock market gains and refinancing into lower and lower rates. The segments of the population hit hardest around here were generally not among the home buying populace.
The days of urban condo living by millenials have turned into upsizing back into McMansions. Viva La Toll Brothers!