Fed Reserve Board: Real Estate Market may be stabilizing
April 15th, 2009
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By: Dennis Norman
Today the Federal Reserve Board, in it’s monthly Beige Book, said about Real Estate and Construction that “housing markets remained depressed overall, but there were some signs that conditions may be stabilizing.”
This is encouraging and is consistent with my recent comments in posts that I think perhaps we are nearing the bottom of the market. As I have said before I think it is going to be a slow recovery, but stabilizing the market would be a huge step in the right direction. Read more…
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By: Dennis Norman