February 26, 2019
This is not a leap year, so February is a very short month. It seems like it just started, but February is ending in two days. For most of us dealing with snow and cold, we are pretty happy to be saying goodbye to February. Government workers are especially happy as they spent part of February with the threat of another government shutdown hanging over their heads. We are happy to say that this did not happen.
The cleanup from the snow and the government shutdown continues, and we will finally see a report on economic growth for the fourth quarter this week. This comes as the first quarter is two-thirds of the way through. The jobs report for February will be delayed until March 8th — not because of the shutdown, but because February is such a short month and the first Friday of March falls on March 1st.
One thing is for sure, spring is around the corner. This means not only will the snow be melting, but warmer temperatures will bring people out of their houses. A key barometer of the health of the real estate market is coming. Will those wandering outside be going to open houses and writing sales contracts? With lower interest rates and more inventory on the markets, many are predicting a rebound for home sales this spring. Bring on the warmer weather!
Source: Origination Pro
Amerimutual Mortgage is a local business that is owned and operated by two brothers who are proud to make a difference helping their community in Astoria NY. By matching home buyers with the right mortgage products for their needs, Benny and Phil Loria provide vital loan lending services to the real estate community of New York City. Amerimutual Mortgage provides home loans for residential properties and commercial loans for business men and women who might be buying buildings, warehouses or retail store locations. They also provide loans for real estate investors who may be buying multi-family duplex, triplex, quad, or high-rise apartment building. Call Benny Loria at (718) 943-9200 to discuss your options for residential or commercial real estate loans, or assessing value and returns on real estate investment property in New York City and surrounding boroughs of Queens NY, Brooklyn NY, Staten Island NY, Bronx NY. Or, you can even apply for a mortgage online.
Benny Loria, Vice President (NMLS#: 900146)
718-943-9200 Ext. 115
Local neighborhood mortgage loan experts. We live and work in Astoria, Queens NY and are dedicated to seeing our community grow and prosper.
AMERIMUTUAL MORTGAGE (NMLS# 148447) Address: 18-33 41st Street, 2nd Floor, Astoria, NY 11105 Tel: (718) 943-9200 Fax: (718) 204 – 0657