https://www.yahoo.com/finance/news/u-existing-home-sales-drop-140605973.html
number of homes on the market down 2.7% y-o-y
existing home sales up about 4% y-o-y
home price up about 6% y-o-y
so even with fewer homes available, more homes sold, and for a higher price. that suggests a healthy consumer market.
we can tell here, locally, (NW Tucson), developers are buying out cotton farmers, and building homes at a nice pace. (still not quite the wild market of 2007).
Housing has been soft for about a year or so, but we've been seeing hints of a resurgance the last month or so coresponding to lower interest rates.