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Friday, October 23 2009

The Federal Reserve's “Beige Book” report, released Wednesday, points to housing as a bright spot in the economic landscape and applauds banks that lent to first-time homebuyers.

It calls commercial real estate a consistently weak sector, weighed down by business closures and the difficulty in refinancing.

In a separate report Wednesday, the U.S. Labor Department said the number of jobs fell in 43 states and the District of Columbia, with the unemployment rate rising in 23 states.

Industries with the strongest economic gains were residential real estate and manufacturing.

Source: Washington Post, Neil Irwin (10/22/2009) http://www.realtor.org/RMODaily.nsf/pages/News2009102201?OpenDocument
Posted by: Rolando Trentini AT 07:00 am   |  Permalink   |  0 Comments  |  Email
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The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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