According to the Federal Reserve’s well-recognized Beige Book, U.S. economic conditions have shown signs of improvement through the first part of this year. Data from nine of the 12 Federal Reserve districts indicated that economic activity improved, but in most cases the increases were “modest.”

Residential real estate markets improved in a number of districts, while nearly all characterized commercial real estate as weak. Stronger home sales were attributed to the federal tax credit for homebuyers.
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