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Fed Beige Book: Pace of Growth is Slowing
Fed Beige Book: Pace of Growth is Slowing
Fed Beige Book: Pace of Growth is Slowing
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June 9, 2011 (Chris Moore)

Economic activity continued to expand, though there were indications of slowing in the pace of growth according to the latest edition of the Beige Book released by the Federal Reserve. Of the Twelve Federal Reserve Districts, four Districts reported some economic deceleration, seven indicated that growth remained at a steady pace, and the Dallas District reported it region’s economy was accelerating.

Real estate and housing construction continued to show widespread weakness across all Districts. The only real bright spot was in the rental segment, where market conditions have strengthened.

Most Districts reported some downward drift in selling prices, with the New York and Cleveland districts reporting that prices have been steady. No district reported an increase in home prices.

Home sales activity continued at low levels, although the Philadelphia, Atlanta, Chicago, and Kansas City Districts indicated a slight improvement. The Boston District characterized their market as stabilizing, with the New York, Cleveland, Dallas and San Francisco Districts reporting housing sales as mostly steady.

Housing sales in the Dallas District indicated that traffic was improving, while sales in the St. Louis and Minneapolis Districts are reported to be declining.

Residential construction generally remained depressed with many of the Districts reporting large inventories of distressed properties.

Demand for residential mortgages (including new purchases and refinances) increased in Cleveland but held steady in New York, Richmond, St. Louis, and Kansas City as credit standards overall eased a bit. The St. Louis District reported credit standards for home mortgage loans tightened somewhat and the Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco Districts noted improvements in overall credit quality.

You can read the report in its entirety on the Federal Reserve’s website.

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

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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.

June 9, 2011 (Chris Moore)

Economic activity continued to expand, though there were indications of slowing in the pace of growth according to the latest edition of the Beige Book released by the Federal Reserve. Of the Twelve Federal Reserve Districts, four Districts reported some economic deceleration, seven indicated that growth remained at a steady pace, and the Dallas District reported it region’s economy was accelerating.

Real estate and housing construction continued to show widespread weakness across all Districts. The only real bright spot was in the rental segment, where market conditions have strengthened.

Most Districts reported some downward drift in selling prices, with the New York and Cleveland districts reporting that prices have been steady. No district reported an increase in home prices.

Home sales activity continued at low levels, although the Philadelphia, Atlanta, Chicago, and Kansas City Districts indicated a slight improvement. The Boston District characterized their market as stabilizing, with the New York, Cleveland, Dallas and San Francisco Districts reporting housing sales as mostly steady.

Housing sales in the Dallas District indicated that traffic was improving, while sales in the St. Louis and Minneapolis Districts are reported to be declining.

Residential construction generally remained depressed with many of the Districts reporting large inventories of distressed properties.

Demand for residential mortgages (including new purchases and refinances) increased in Cleveland but held steady in New York, Richmond, St. Louis, and Kansas City as credit standards overall eased a bit. The St. Louis District reported credit standards for home mortgage loans tightened somewhat and the Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco Districts noted improvements in overall credit quality.

You can read the report in its entirety on the Federal Reserve’s website.

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

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

June 9, 2011 (Chris Moore)

Economic activity continued to expand, though there were indications of slowing in the pace of growth according to the latest edition of the Beige Book released by the Federal Reserve. Of the Twelve Federal Reserve Districts, four Districts reported some economic deceleration, seven indicated that growth remained at a steady pace, and the Dallas District reported it region’s economy was accelerating.

Real estate and housing construction continued to show widespread weakness across all Districts. The only real bright spot was in the rental segment, where market conditions have strengthened.

Most Districts reported some downward drift in selling prices, with the New York and Cleveland districts reporting that prices have been steady. No district reported an increase in home prices.

Home sales activity continued at low levels, although the Philadelphia, Atlanta, Chicago, and Kansas City Districts indicated a slight improvement. The Boston District characterized their market as stabilizing, with the New York, Cleveland, Dallas and San Francisco Districts reporting housing sales as mostly steady.

Housing sales in the Dallas District indicated that traffic was improving, while sales in the St. Louis and Minneapolis Districts are reported to be declining.

Residential construction generally remained depressed with many of the Districts reporting large inventories of distressed properties.

Demand for residential mortgages (including new purchases and refinances) increased in Cleveland but held steady in New York, Richmond, St. Louis, and Kansas City as credit standards overall eased a bit. The St. Louis District reported credit standards for home mortgage loans tightened somewhat and the Philadelphia, Cleveland, Richmond, Kansas City, Dallas, and San Francisco Districts noted improvements in overall credit quality.

You can read the report in its entirety on the Federal Reserve’s website.

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

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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