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Fed Beige Book Sees Increase in Housing Activity

By Implode-Explode Heavy Industries

"The increase in the residential sector was from low levels, but spanned across almost every district except St. Louis, where it was mixed, and San Francisco, where it was flat. However, there is concern in many districts ? notably, Philadelphia, Cleveland and Kansas City ? where sales are feared to be impacted by the impending expiration of the first-time homebuyer tax credit."

Full post as published by Mortgage Lender Implode-o-Meter on April 14, 2010 (boomark / email).