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Tag Archives: Beige Book

Beige Book Illustrates Weakness in Real Estate, Pickup in Refinancing

The Federal Reserve released a new market-gauging rendition of its Beige Book Wednesday. The publication recounts signs of slow to moderate economic growth across 11 of the 12 Fed districts. The St. Louis district was the lone dissenter, reporting a decline in economic activity. Residential real estate activity overall was described as ""sluggish,"" while commercial real estate activity was depicted as ""lackluster"" across most of the nation. Mortgage refinancing, however, was said to have grown at a rapid pace.

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Beige Book Cites Economic Growth but Weakness in Real Estate

The Federal Reserve released a new rendition of its market-gauging Beige Book Wednesday, which provides an assessment of regional conditions from those outside the Fed system and in the field. Reports from the 12 districts indicate that overall economic activity continued to expand in September. On the real estate front, though, home sales remained weak with prices either flat or declining across the entire country. Although commercial construction increased at a slow pace, that sector too was described as ""weak.""

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Fed’s Field Contacts Report on Weak Spots in Housing

The Federal Reserve has published a new rendition of its market-gauging Beige Book, which indicates economic activity across the country is expanding at only a modest pace. Residential real estate markets were described as ""weak"" overall, however, a few districts did report slight improvements. Markets in the New York district are seeing an increasing share of foreign buyers paying cash. Florida contacts report a rise in sales activity but a decline in bank-owned homes.

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Beige Book: Weak Housing Market Keeps Economic Recovery in Check

Economic activity continues to grow but the pace has moderated in many parts of the country, weighed down by a persistent weakness in the residential real estate sector, according to the latest market-gauging Beige Book from the Federal Reserve. Contacts in the Boston district said housing markets ""remain in the doldrums."" A pickup in sales of higher-priced homes was evident in the D.C. area. In the Kansas City region, they're seeing an increase in all-cash purchases of existing homes, while demand in the Dallas district was described as ""choppy.""

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Fed’s Beige Book Paints Shades of Improving Credit Quality

The Federal Reserve has published a new rendition of its popular Beige Book, relaying insight from professionals in the field on regional market conditions. A number of the 12 Fed districts noted improvements in overall credit quality, specifically Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco. New York was the only district to report rising delinquency rates on consumer loans, but it saw delinquencies decline for commercial loans and mortgages.

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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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Fed Beige Book Paints Housing as Strain on Economic Recovery

The Federal Reserve released a new rendition of its popular Beige Book this week. Reports from all 12 Fed districts indicated that overall economic activity continues to expand, but all said housing activity remains a key risk - a point reiterated by Fed Chairman Bernanke in his semiannual report to Congress this week when he explained to lawmakers that the housing market remains weak, with the overhang of foreclosed houses still weighing heavily on prices and potential homebuyers concerned about further declines in home values.

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Beige Book Points to Moderate Growth but Weak Housing Conditions

The Federal Reserve published its latest edition of the popular Beige Book Wednesday. Based on information received from contacts in the field, the central bank says economic activity across the country ""continued to expand moderately"" during the last part of 2010 with steady improvements seen in labor markets. However, the real estate sector, and residential housing in particular, continues to be a significant hurdle for the economic recovery, with local housing markets characterized as ""sluggish.""

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Fed’s Beige Book Points to Housing as Recovery Stumbling Block

The Federal Reserve's latest rendition of its popular Beige Book shows that economic conditions across the country continued to improve. Housing markets, though, remain ""depressed,"" according to district contacts in the field. Many brokers, most notably in Florida, reported that recent servicer moratoriums on distressed sales led to a stall in activity. Areas in the Dallas and New York districts noted weakened demand for lower-priced properties but increased interest for high-end homes.

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Fed Beige Book Shows Modest Growth but Weak Real Estate Conditions

The Federal Reserve's popular Beige Book released this week suggests economic activity across most of the nation is showing signs of ""modest"" growth, but it's not enough to improve the anemic jobs picture. Housing markets remained weak with most of the 12 regional districts reporting sales below year-ago levels. But the central bank says its seeing stability in home prices. Conditions in the commercial real estate sector were soft, while overall lending activity was described as stable in most districts.

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