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With the exception of Dallas, all of the Federal Reserve districts reported modest to moderate growth in economic activity in the Fed’s latest April Beige Book. Residential real estate, construction activity and commercial real estate improved markedly since the March report, with all districts seeing strength in housing activity and loan demand improving in most districts. Residential real estate activity increased at a moderate to strong pace in all districts due to higher demand and declining inventory levels — a factor that tends to buoy prices. Almost all surveyed districts […]