What is your opinion of the future of the Sacramento area housing market/real estate market?

During the first 6 months of 2020, the U.S. (and world) economy experienced collapses faster and more dramatic than in any other time, including the so-called "Great Depression" starting in 1929. Due to the concerns over the spread of a new virus, Covid-19, through human to human infections, strict quarantine measures were implemented. Schools were shut down. Businesses closed. Manufacturing and construction was stopped. Restaurants were not allowed to seat patrons. All major professional sports immediately stopped, while entertainment venues and gyms were completely shuttered.

The numbers of workers becoming unemployed each week quickly broke through the previous records, nearly ten times higher than any previous record amounts of workers becoming unemployed. In response, the nation's bank, the "Fed" lowered interest rates banks could borrow money to basically 0%-never happening before in the history of the country,

With all thisupheaval, the residential real estate market including the Sacramento area became heated with prices rising at paces not seen in decades, it ever. How long do you predict the market for owning residential real estate can sustain these year over year price increases? What happened to cause these price increases when widespread job losses - typically lead to fewer, not more people being able to afford buying? Is buying a house a wise choice today?