Federal Reserve’s Beige Book: Real estate market is improving

The Beige Book, the Federal Reserve's collection of economic analysis, was recently released for the month of June and showed promising real estate growth across the country.

According to the report, housing markets improved in most districts, with Minneapolis and St. Louis recording an increase in building permits and Dallas, citing high levels of buyer traffic.

The book reported that housing outlooks across most districts were positive, although a few notable cities – Boston, Kansas City and Cleveland – might experience slower growth than the rest due to low projected gains.

Landlords and rental property management officials may be watching the slowly-blooming housing market with a sense of impending doom, but it doesn't have to be that way, according to CNBC Real Estate correspondent Diana Olick.

Olick believes that the growth patterns of the housing and rental markets are not necessarily mutually exclusive. Housing may be growing for certain factions, but others, especially young adults, are still firmly in the rental market. Urban locales invite renting rather than buying, and younger people are headed towards urbanization.

Both rental and purchase markets have the ability to make use of technology to increase their growth. Craigslist, for example, is a great place to post listings for homes to both buy and rent. Craigslist postings may be where the housing and retail markets are growing at equally strong rates.