Housing’s Only Bright Spot is Multi-Family Homes: Fed Survey

Compared to earlier in 2011, the 12 Federal Reserve districts saw mostly expanded economic activity in late November through the end of the year, but the same cannot be said of the housing market. The optimism ended abruptly in the Fed’s so-called Beige Report when the category of “real estate and construction” came up.

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Home Prices Flat in July, Trending Down After Tax-Credit Boost

The closely-watched Case-Shiller index of home prices in 20 metropolitan areas managed a 0.6 percent increase in July from the previous month, with the outlook for prices remaining weak as sales and other indicators have slumped since the spring expiration of tax credits for homebuyers. Standard & Poor’s index for June had jumped 4.2 percent, compared to the previous month.

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