Does it seem odd to you to see the market so “hot” right now when unemployment is still so high? During the real estate “boom” in previous years, the unemployment rate was closer to 5%. Even though the current unemployment rate is 10.2% in Sacramento County, we are seeing values increase. On paper it would seem critical to see unemployment decrease to see the market improve exponentially, but factors such as historically low rates, incredibly low inventory and heightened investor activity are driving the market right now – despite needed job growth. This begs the question: How would the market really be doing without so many external factors giving it a boost?
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