In every region in the U.S., the housing market showed some progress, which contributed to the economic growth at the end of the summer, according to a Federal Reserve survey released Wednesday.
According to the Associated Press, the Fed said growth improved in 10 of its 12 regional banking districts from August to September.
"Rising home sales helped lift home prices in most districts," Associated Press reported.
Known as the Beige Book, the report showed also an increase in auto sales in most part of the country. But areas like consumer spending, manufacturing activities and hiring stood at the same level without budging.
The book shows information pertaining to business conditions throughout the nation. The information collected by the regional banks will be used as the basis for the Fed's policy discussion at a meeting on Oct. 23-24, according to the Associated Press.
At the meeting, economists are not expecting any big moves to be made because of the new policies set up by the Fed.
These new policies include buying mortgage bonds to lower longer-term rates, which can result in more buying and spending.
The government plans to keep short-term interest rates near zero until 2015, even if the economy shows much more strength.
