Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy. Both house prices  I am grateful to Raven Molloy for assistance in preparing these remarks. These remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee.
1  -2and rents are up significantly across the nation, while vacancy rates for rented and owneroccupied homes are down.