Real Estate Activity Mixed Across Fed Districts, Beige Book Reveals

Originally published on May 23, 2022, by the Federal Reserve Bank of Philadelphia.

Residential sales remained flat or contracted slightly in most Fed districts as low inventory and high mortgage rates dampened homebuyer demand, the Federal Reserve revealed on June 1 in its latest Beige Book. Many districts reported mixed commercial real estate activity, but demand for industrial and warehouse space was on the rise in multiple districts.

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