Feb 7, 2014
The U.S. Federal Reserve Board's final Beige Book report of 2013 noted signs of improvement for the eighth district, which includes St. Louis, in addition to Louisville, Memphis, and Little Rock. The report reviews the state of the economy district by district eight times per year. For the eighth district, the Beige Book was primarily positive in its review of year end market activity, especially as it pertained to the St. Louis real estate market.
In reviewing the St. Louis real estate market, the Federal Reserve Board documented significant growth. In fact, St. Louis home sales increased by five percent in November 2013 compared to the same month in 2012.
For the Gladys Manion Real Estate team, who are not only St. Louis residential real estate experts, but also proud residents, reading about such findings from the Federal Reserve Board is welcome news as the U.S. economy continues its steady economic recovery. According to Gladys Manion owner and broker, Stafford Manion, the home sales transacted by Gladys Manion in 2013 align with the Beige Book economic findings on positive residential market growth in St. Louis.
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