Federal Reserve Reports Economic Conditions

first_img The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Seth Welborn September 4, 2019 1,173 Views Tagged with: Economy Federal Reserve market real estate Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Market Studies, Newscenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Previous: How to Improve the NFIP Next: Detroit Housing’s Ups and Downs The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Economy Federal Reserve market real estate 2019-09-04 Seth Welborn Economic activity increased in the U.S., according to the latest “Beige Book” from the Federal Reserve. The Beige Book is a Federal Reserve System publication about current economic conditions across the 12 Federal Reserve Districts. The Book is published eight times per year, and summarizes key economic conditions by each of the Fed districts. An important factor in economic conditions currently is the risk of a recession. The risk of a recession is on everyone’s mind, both in the U.S. and around the world. Realtor.com notes that Germany is already teetering on the brink of recession and the U.K. is facing unrest related to “Brexit”, while in the U.S., a rapidly escalating trade war with China is increasing fears. However, despite these risks, real estate should be safe, unlike in 2008.Eight of the 12 Federal Reserve Districts reported modest to moderate growth. The majority of Districts indicated that manufacturing expanded, but that growth had slowed, particularly in the auto and energy sectors. New home construction and existing home sales were little changed, with several Districts reporting that sales were limited by rising prices and low inventory. Commercial real estate activity was also little changed on balance. Most Districts reported modest to moderate growth in activity in the nonfinancial services sector, though a few Districts noted that growth there had slowed. According to the Book, residential real estate markets saw ongoing price increases and mixed sales results; contacts in a couple of markets cited greater “balance” as local shortages of housing inventory eased somewhat. While retailers (including an auto dealer) and manufacturers said sizable tariff increases would pose significant problems if they occurred and many respondents cited uncertainty, outlooks remained mostly positive. Closed single-family sales were up year-over-year from November 2017 to November 2018 in Rhode Island, Boston, and Maine, and down in Massachusetts and New Hampshire. Residential markets in Rhode Island and Boston became more balanced in recent months, with growing supplies of homes for sale and moderation in the pace of home price appreciation. Despite a seller’s market environment, contacts said real estate was a preferred investment choice, given the volatile U.S. stock market. Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Federal Reserve Reports Economic Conditions Data Provider Black Knight to Acquire Top of Mind 2 days ago Federal Reserve Reports Economic Conditions Subscribelast_img read more