Federal Reserve Survey

The Federal Reserve has asked for our -- that means YOUR -- input on four short questions about the current real estate market. Your input is requested by the end of the day on Thursday, January 13. Please answer below and THANK YOU for helping out!

Question Title

* 1. Has there been any sign of stabilization or improvement in your area for sales of new or existing homes?

Yes, much improvement

Yes, some improvement

I'm not sure

Question Title

* 2. Are foreclosures increasing and adding downward pressure in home prices?

They still seem to be increasing and adding downward pressure on prices.

They still seem to be increasing but they are not affecting prices.

I'm not sure.

No, foreclosures don't seem to be increasing.

Question Title

* 3. Have you heard any of your contacts in banking say mortgage applications are increasing?

Yes

I'm not sure

Question Title

* 4. Have you heard that qualifying for a mortgage is more difficult in your area?

Yes

I'm not sure

Thanks again! Survey results will be published in next week's TAR DIGEST!