Fed Sees Some Homebuying Up

Sloan, Steven
September 2009
American Banker;9/10/2009, Vol. 174 Issue 170, p9
Trade Publication
The article discusses the U.S. Federal Reserve report "Beige Book," which found higher year-over-year home sales in Atlanta, Georgia; New York City; Cleveland, Ohio, and Minneapolis, Minnesota districts. The majority of the activity in the residential market is occurring at the lower end of the spectrum because of the first-time homebuyer tax credits. The areas of the U.S. with weaker loan demand are given.


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