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Home | Tag Archives: Beige Book

Tag Archives: Beige Book

Fed Reports ‘Steady to Improving’ Residential Real Estate Activity in Most Districts

federal-reserve

The districts of Richmond, Chicago, and Dallas reported that residential mortgage demand, particularly in the area of refinancings, grew during the period, while New York reported steady growth. Delinquencies were down or at low levels in New York and Cleveland, while Philadelphia and Kansas City bankers expressed confidence in the quality of their loan portfolios, according to the Fed.

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Fed: Economy Growing at ‘Modest to Moderate’ Pace Amidst Concerns Over Oil Prices

saving-money

While lower prices are bound to keep Americans happy at the gas pump, they could potentially be a problem for housing in oil-dependent states, including Texas, Oklahoma, and Louisiana. If the current decline impacts the local labor market (as the Dallas Fed indicated Wednesday in its own Beige Book), it could be a weight on their housing health in the next few years.

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