The housing market is steadily improving in most U.S. markets, according to the Federal Reserve’s latest Beige Book economic report. Buyer demand is improving in many markets, including Chicago, and home prices continue to rebound in many markets. Read HousingWire’s coverage of the data in the article, “Beige Book: Housing ready for spring home buying.”
What’s happening in the Chicago district? Overall economic growth continued in March with modest gains in construction and real estate activity. Housing inventories remain low, but housing prices are rising, demand for residential and commercial construction is up and commercial activity is expanding. Read more.
In other headlines:
Beige Book: U.S. Economy Powers Through Headwinds – Wall Street Journal
March housing starts rise but miss estimates – USA Today
Fannie Offers Closing Cost Aid to First-Timers – NAR Daily Real Estate News