Fed Beige Book Reveals Elevated Home Purchase Demand Stymied by Lack of Inventory

Originally published on July 12, 2023, by the Board of Governors of the Federal Reserve System.

Demand for residential real estate remains high, but low inventories of available properties continue to dampen sales, according to the latest Beige Book released by the Federal Reserve on July 12. Construction of both residential and commercial buildings declined during the same timeframe.

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