The housing market tells the whole story: Morning Brief
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On Wednesday morning, we covered the diverging fortunes of cities and suburbs as seen through the lens of national burger chain Shake Shack (SHAK).
And then on Wednesday afternoon, the Federal Reserve’s latest Beige Book report offered another way to see the urban/suburban economic divide. And that is through the real estate market.
“Residential real estate activity remained strong, but accounts of weak conditions in commercial real estate markets persisted,” the report’s summary read. With residential real estate serving as a relative …
More on: finance.yahoo.com