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pH 208 390 0737
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Daily Real Estate News
Real Estate Recovery Slow, Fed Says
The economy is improving, but recovery in real estate is slow, the Federal Reserve said Wednesday in its beige book report.
The federal tax credit drove an increase in home sales, the report said. But it emphasized that most of the transactions involved lower-priced homes, while prices remained low and residential construction was weak.
The report also said the commercial real estate market remains soft and that there’s a significant excess supply. It pointed to New York and Kansas City as places where the commercial real estate business is worsening.
Source: The New York Times, Javier C. Hernandez (01/13/2010)
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Sincerely - your friend and well wisher.
Timothy S Anderson
Silver Peaks Realty Driggs Idaho
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
www.buytetonland.com
www.buylvland.com
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