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Tag Archives: Beige Book

Beige Book Shows Slowdown in Recovery, Trouble Spots in Real Estate

Economic growth is still grinding along, but has slowed considerably since earlier in the year, according to the Federal Reserve's popular Beige Book report released Wednesday. Reports from the 12 Fed districts on their local economies painted a picture of ""widespread signs of a deceleration."" Real estate remains a drag on economic growth in regions across the country, with major trouble spots identified in poor home sales and weak demand for commercial space.

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Fed Paints Picture of Uneven Recovery, Still Hampered by Real Estate

The Federal Reserve's Beige Book depicts only intermittent spots of economic growth, with residential real estate markets across the country characterized as ""sluggish,"" and commercial real estate garnering a descriptor of ""weak."" Nearly all 12 Fed districts reported a slow-down in housing activity since the homebuyer tax credit expired. Most reported lending standards to be restrictive, with loan delinquencies above historic norms.

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