Yes it is notable, because some renters ARE buying, two homes open up, but are filled immediately.
Many of the other applicants also want to buy but even with a 180K-200K+ salary coming from Las Vegas/Riverside or Palm Springs, the sticker shock to buy is still there.
It probably takes a few years to become acclimated to the prices. Unfortunately for them, by that time, they will likely be higher but with their salaries, they can probably afford them if they make that choice.