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Fed Beige Book: Moderate Economic Growth
Fed Beige Book: Moderate Economic Growth
Fed Beige Book: Moderate Economic Growth
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July 29, 2011 (Chris Moore)

Economic activity continued to grow, though at a much more moderate pace according to the latest edition of the Beige Book released by the Federal Reserve.

Of the Twelve Federal Reserve Districts, six districts reported economic activity had slowed or was little changed, four Districts reported a modest rate of growth, the Minneapolis District reported a temporary slowdown due to political and weather conditions, and the Dallas district reported economic activity had slowed to a moderate pace.

Real estate and housing construction activity remained weak and little changed since the last Beige Book. The rental market segment continued to strengthen as demand for multi-family housing increased

Most Districts reported flat or a continued downward drift in selling prices, with the Boston and Richmond Districts reporting that prices have been steady. The Philadelphia and Atlanta Districts reported prices to be steady or heading down slightly, while the Kansas City and New York Districts reported that prices were declining.

Home sales activity remained unchanged at low levels in almost all Districts since the last report. Activity reportedly increased slightly in the Richmond, Atlanta, and Minneapolis Districts.

Residential construction was restrained due to an increasing inventory of unsold homes in the Boston, New York, and Kansas City Districts. Overall residential construction activity was mixed though the Minneapolis District reported an increase.

Demand for residential mortgages (including new purchases and refinances) was mixed across all Districts, with several reporting a decrease in real estate lending and volume.

Credit conditions changed little since the previous report with the New York, Cleveland, Richmond, Chicago, and Dallas Districts reporting that credit quality was flat or somewhat improved.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

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NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

July 29, 2011 (Chris Moore)

Economic activity continued to grow, though at a much more moderate pace according to the latest edition of the Beige Book released by the Federal Reserve.

Of the Twelve Federal Reserve Districts, six districts reported economic activity had slowed or was little changed, four Districts reported a modest rate of growth, the Minneapolis District reported a temporary slowdown due to political and weather conditions, and the Dallas district reported economic activity had slowed to a moderate pace.

Real estate and housing construction activity remained weak and little changed since the last Beige Book. The rental market segment continued to strengthen as demand for multi-family housing increased

Most Districts reported flat or a continued downward drift in selling prices, with the Boston and Richmond Districts reporting that prices have been steady. The Philadelphia and Atlanta Districts reported prices to be steady or heading down slightly, while the Kansas City and New York Districts reported that prices were declining.

Home sales activity remained unchanged at low levels in almost all Districts since the last report. Activity reportedly increased slightly in the Richmond, Atlanta, and Minneapolis Districts.

Residential construction was restrained due to an increasing inventory of unsold homes in the Boston, New York, and Kansas City Districts. Overall residential construction activity was mixed though the Minneapolis District reported an increase.

Demand for residential mortgages (including new purchases and refinances) was mixed across all Districts, with several reporting a decrease in real estate lending and volume.

Credit conditions changed little since the previous report with the New York, Cleveland, Richmond, Chicago, and Dallas Districts reporting that credit quality was flat or somewhat improved.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use
Helpful Tools

July 29, 2011 (Chris Moore)

Economic activity continued to grow, though at a much more moderate pace according to the latest edition of the Beige Book released by the Federal Reserve.

Of the Twelve Federal Reserve Districts, six districts reported economic activity had slowed or was little changed, four Districts reported a modest rate of growth, the Minneapolis District reported a temporary slowdown due to political and weather conditions, and the Dallas district reported economic activity had slowed to a moderate pace.

Real estate and housing construction activity remained weak and little changed since the last Beige Book. The rental market segment continued to strengthen as demand for multi-family housing increased

Most Districts reported flat or a continued downward drift in selling prices, with the Boston and Richmond Districts reporting that prices have been steady. The Philadelphia and Atlanta Districts reported prices to be steady or heading down slightly, while the Kansas City and New York Districts reported that prices were declining.

Home sales activity remained unchanged at low levels in almost all Districts since the last report. Activity reportedly increased slightly in the Richmond, Atlanta, and Minneapolis Districts.

Residential construction was restrained due to an increasing inventory of unsold homes in the Boston, New York, and Kansas City Districts. Overall residential construction activity was mixed though the Minneapolis District reported an increase.

Demand for residential mortgages (including new purchases and refinances) was mixed across all Districts, with several reporting a decrease in real estate lending and volume.

Credit conditions changed little since the previous report with the New York, Cleveland, Richmond, Chicago, and Dallas Districts reporting that credit quality was flat or somewhat improved.

Tags: Federal Reserve, Beige Book, housing market, moderate economic gains, increased hiring, real estate markets, single family homes, multifamily market, construction activity

Source:
Federal Reserve

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Information You Can Use

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