Fed's Beige Book Highlights Weaknesses In Regional Real Estate Markets
The Federal Reserve released a new rendition of its market-gauging Beige Book Wednesday. Economic activity on the whole has improved, but residential and commercial real estate were again branded as hindering growth and recovery. Half of the 12 Fed districts reported pockets of weakening in their single-family markets. Most signs of improvement came from agents and brokers in Florida and Philadelphia. Seven of the districts described commercial real estate as improved but only slightly, while five districts noted that their markets were flat. »
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