According to the Federal Reserve's biege book report by the Federal Reserve, the real estate market is slow.
It emphasized that most of the real estate transactions involved lower priced homes. This was mainly because of the federal tax credit that has been extended until April 30th.
The report also pointed at commercial real estate markets like in Kansas City as places where the the commercial real estate markets is worsening. The commercial real estate market is soft and there is a significant excess supply.
Blog post written by the Dowell Taggart Team of RE/MAX Best Associates.
Technorati Tags: Real Estate, Kansas City
It emphasized that most of the real estate transactions involved lower priced homes. This was mainly because of the federal tax credit that has been extended until April 30th. The report also pointed at commercial real estate markets like in Kansas City as places where the the commercial real estate markets is worsening. The commercial real estate market is soft and there is a significant excess supply.
Blog post written by the Dowell Taggart Team of RE/MAX Best Associates.
Technorati Tags: Real Estate, Kansas City
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