New York Mortgage Business

The Beige Book is a report issued by the Federal Reserve which details the economic health regionally throughout the United States.   The latest report which was released on March 6 showed consistant drops in home values and sales throughout the country.  At the same time, it also showed increasing price pressure for non housing products and services.     

The one exception was the Manhattan real estate market, which posted a price increase over last year.   Looks like Manhattan is one of the last remaining real estate markets with any sign of health.