Commercial real estate is weakest sector in Fed’s Beige Book

October 24, 2009 by admin
Filed under: Real Estate 

Weak or deteriorating commercial real estate markets were reported by all of the Federal Reserve’s 12 district banks, according to the central bank’s latest Beige Book. The Fed’s regular anecdotal report found that the overall economy is still plagued by weakness in banking and increasing unemployment. Among the few bright spots in the report were observations of “stabilization or modest improvements” in manufacturing and housing.Bloomberg (10/21) , Google/The Associated Press

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