LoanCentral's Real Estate Lending Blog

Fed Report: Real Estate Stabilizing in Key Cities
So here’s what the Fed says in their “Beige Book” for economic activity yesterday (April 15, 2009)

They state that real estate among several other industries continues to remain week. This is true across all 12 of the Federal Reserve Districts (See Color Coded picture above of the 12 Federal Reserve Districts)

With that said - here is reason for being optimistic based on their recent report. On the east coast – The Boston Fed reports that there are “Early signs of improvement” in the residential real estate sector. They also stated that the news was good in other areas around the country – in fact, the Beige book reports that we are experiencing “the most widespread rise in demand for residential mortgages in more than seven years”