The Most Important Word in the Housing Economy Right Now

“Meh.”That word says it all. The Federal Reserve’s Beige Book was published this week. I always love reading the anecdotal take of their interviewees (and yes, admittedly, I love reading the feedback I gave them) because it can provide better context to the “now” than actual data can. This also reminds me of the over reliance on housing contract data over closed data I explored last week. Erik Schatzker of Bloomberg TV gave me the inspiration to use this descriptive word in his take on the Beige Book.

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