Federal Reserve Report Shows Housing Market Is Dragging


The economic recovery is likely to be rocky, according to the latest Beige Book region-by-region report from the U.S. Federal Reserve on Wednesday. Tell us something we don't know. OK, the report suggests we are not headed for another recession. However, thanks to a stagnant housing market, high unemployment, gun-shy businesses and a skittish stock market, the recovery is having trouble gaining speed. The report also confirms that the homebuyer tax credit this spring created a bump in home sales that has not fully sustained itself.


More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.

Renter's Rules

Whether you're a new renter or previous homeowner looking to rent again, navigating the process of finding an apartment can be difficult. We're here to give you everything you need to know about renting and make your search for an apartment a little easier.
AOL RealEstate on Facebook

Compare Mortgage Rates

Mortgage Rates by Zillow