One could presume that. But one could be wrong, too. Just like I could be. The thing to me that keys this whole article is there is a lot of hype about high salaried people coming into the area, etc. and the “market is exploding”, but there is not one word about why there is no furniture in the house when they are only “close” to a deal.
Smells not right, it does.
Easy to say that if you live in the South where housing is so dirt cheap even migrant workers can put down a nut on a three bedroom. In NY (where I am from) and São Paulo (where I live now), you might as well rent a place an invest your money elsewhere. I think of “homeownership” as a fetish, particularly thanks to Fannie, Freddie, and the 30 year mortgage.