Beige Book Summarizes Housing Markets in Fed Districts

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Posted To: MND NewsWire

The Summary of Commentary on Current Economic Conditions by Federal Reserve District or the so-called Beige Book was released on Wednesday. The document consolidates comments from non-Federal Reserve contacts and sources on conditions prior to September 28 and is not a commentary on the views of Federal Reserve officials. Most Districts reported conditions had improved since the last report with strengthening existing home sales, rising residential constructions, and prices described as steady to increasing. Declining inventories were noted in the Boston, Atlanta, Minneapolis, Dallas, and San Francisco Districts. Here is a brief summary of residential real estate information from each of the 12 Federal Reserve Banks. First District - Boston Annual sales growth continued in August in both single...(read more)

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Source: www.mortgagenewsdaily.com

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