Fed Reserve Report Shows Mixed Signs

We’ve actually seen an uptick in calls about real estate lately, but the new Fed Reserve report is decidely mixed:

Regional economic activity is looking more mixed than it had earlier in the fall, economists at the Federal Reserve Bank of Richmond said yesterday.

Retail sales, housing and banking saw marginal increases, they said in their latest contribution to the so-called “Beige Book” national economic analysis.

It would seem that the uptick we’re seeing is also being felt elsewhere in the region, though perhaps driven by the fear of missing the November 1 deadline for the new buyer credit:

While real estate agents across the region reported better sales, one Richmond Realtor reported a significant drop in sales as potential buyers worried they would miss the Nov. 1 deadline for a federal tax credit.

You can read the full article here.