Didn’t hear back from you, so I went looking. Here’s the 10th District FRB Beige Book Summary for April 15, 2009.

“Real Estate and Construction
Residential real estate activity steadied somewhat in March, while the downturn in commercial real estate activity continued. Home sales rose slightly from the previous survey, and expectations for future sales also improved, though activity remained well below year-ago levels. The increases were attributed to lower mortgage rates and new tax credits related to housing. Real estate agents reported solid demand for lower-priced homes and foreclosed properties. Home inventory levels fell slightly, and were expected to remain stable in the coming months. Mortgage origination loans increased sharply, with home refinances particularly strong. In contrast, residential construction activity slowed further, and several contacts reported especially tight credit conditions for construction loans. Commercial real estate activity continued to deteriorate across the District, with few improvements expected in the near future. Vacancy rates rose further, and the decline in rental rates continued. Most contacts cited continued difficulties obtaining financing for large commercial projects.

Banking
Bankers reported a decline in loan demand, an increase in deposits, and a slightly more pessimistic outlook for loan quality since the last survey. The fraction of banks reporting lower overall loan demand was somewhat smaller than in the previous survey. Demand continued to fall for commercial and industrial loans and commercial real estate loans. However, demand for consumer installment loans was little changed, and demand for residential real estate loans increased for the second survey in a row. Some banks reported tighter credit standards, especially on commercial and industrial loans and commercial real estate loans. However, the fraction of banks tightening standards was lower than in previous surveys. Assessments of current loan quality were about the same as in the last survey, but expectations for future loan quality were a little more pessimistic. A substantial fraction of banks reported increases in deposits, and some banks attributed the inflows to a flight to safety.”

That doesn’t sound so hot to me. Unemployment is still the plague here, led it seems by tightened loan standards, which I guess is blamed on a dip in consumer confidence.