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Publishers Opinion-
April Edition
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Ahhhhhhh....
Spring Is In The Air
So spring has come early. It is one of the most favorite times of the year when trees are budding and plants are greening everywhere. Of course it is still April so the frost of winter can still deal an unpleasant surprise.
Spring is also the time the real estate market starts to heat up. Many properties are coming on the market while other properties are selling and moving off the market. OK, so it’s not the 2006 and 2007 levels but housing sales certainly are improved over the 2008 through the 2011 levels.
The thawing of the residential market is attracting home builder's back to the building mode. After a near total melt down of the industry several years ago, some local home builder's are regrouping and re-entering the market.
An example is Ken Neumann, former owner of Neumann Homes, who will be demolishing older homes and rebuilding new ones. Basically, he will operate on a more controlled speed than in the past. His new company is called Greenscape Homes.
Another example is Anthony Montalbano Jr. and Antony Montalbano Sr., former principals of Montalbano Homes, will be building new townhomes and single-family houses in the Fieldstone Place subdivision in Montgomery. They will be building under the name of Montgomery Homes.
Both of these former giant builders will be operating on a smaller scale but operate they will.
I believe 2012 will be a year of slow recovery, but recovery is the important part here. It usually takes as long to get out of a bad economy as it takes to get in!
We are now working on our May Financial Directory. Lenders, please fill out the form on page 31 and fax or mail it back to us. This directory will consist of Commercial, Residential, and SBA lenders. We will see you then.
by Roger Krieg
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