The Federal Reserve's Beige Book Wednesday afternoon indicated there were some slight improvements in real estate and lending as 2011 drew to a close, but generally the level of business in these areas remains relatively low.
Processing Content
“Activity stayed sluggish in residential real estate markets, and conditions in commercial real estate markets remained somewhat soft overall but showed signs of ongoing improvement in several districts,” the Fed report said.
Financial institutions in the latest Beige Book “generally indicated a slight uptick in loan demand by businesses, along with improvements in overall credit quality.”
