The housing market is so hot since early this year. In LA, my friend needs to compete with other buyers to buy an old house in good school district. The selling price is higher than listing price now. More people jump in already. In SD, I can see the SFH get sold in few days if their prices are attractive and reasonable.
Unemployment rate is high but some people have savings and wait for a long time to buy house. When the price and mortgage rate are reasonable, people jump in. Also, the economics is stabilized. Small companies starts to hire the talents got layoff from big companies. Big companies still lay off people. Although you won’t see the growth from the news, some developments are growing behind.
