Philadelphia Real Estate One Liners July 21, 2011
Philadelphia Real Estate One Liners – July 21, 2011
- Toll Brothers, nearing completion of Naval Square in Graduate Hospital, is proposing a development project at 2400 South Street where they intend to knock down the existing buildings and build 122 townhomes and condos with ample parking. (www.NakedPhilly.com)
- Philadelphia ranked 5th on the 2011 Walkscore.com poll of the most walkable cities and 4th overall based on the number of “Likes” for each city. Philadelphia ranked a total composite of 74 while both Center City East and West ranked an amazing 97! (http://www.walkscore.com/rankings/)
- Borrowers who were overcharged by Countrywide Mortgage in the height of the housing boom will be refunded 108 Million dollars. (www.money.cnn.com)
- Shares of Zillow nearly doubled on their IPO beginning the day at $20/share and reaching a high of $40/share. (www.therealestatebloggers.com)
- Nationally, closing costs on home purchases are rising. The average origination and title fees are up 8.8% from 2010. Most of the increased closing costs are attributable to lender fees. (http://www.msnbc.msn.com)
- Existing home sales cancellation rate, usually under 10%, spiked to 16% in June. (http://bubblemeter.blogspot.com/)
- Pennsylvania ranked 9th in states with most expensive real estate closing costs. (www.bankrate.com)
To search Philadelphia Real Estate listings for condos, homes and apartments click here.
Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
www.CenterCityTeam.com
