On the West Coast, the real estate market is very active and this pushes buyers to pay more even when choosing a less fashionable house. Using the Standard & Poor’s Case-Shiller home price index, Kenny Slaught says that home prices in Los Angeles their highest point in April, after a steady rise since 2008. This is not a mere recession recovery for in the bigger metropolitan areas of Southern California the previous peaks are within grasp. Slaught points the turnaround to a number of factors. For instance, the interest rate for a 30-year mortgage is fixed and under 3.5%, though in November 2012 it reached 3.1%. On top of this, 2.4% more people in Los Angeles County found employment, while in Orange County 3.5% more people found a job. These 2 factors alone encouraged folks to buy a house. Throughout the state, home prices vary considerably. Higher-end properties still have a more inflated price than everywhere else in the country, when ignoring Hawaii. The market is filled with demands, but can’t offer much, leading a considerable amount of first-time buyers to settle for condominium-style units. These can be obtained easier since their prices are more modest.