In this week's economic update we touch briefly on housing with data that somewhat conflicts with what I believe many buyers are experiencing as they bid on homes, and what some on Wall Street characterize as a "strong market."
And while different locations/regions can experience notably different residential real estate setups, we think in general a more apt characterization, for the moment, is a "tight market."
I.e., given today's dynamics, there's presently a difference between "strong" and "tight."
Here's an appraiser telling of his experience: