August 10, 2011
Philadelphia Real Estate One Liners August 10, 2011 According to The Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate on 30-year fixed-rate mortgages fell to 4.37 percent last week from 4.45 percent the week before. The drop brought rates to their lowest level of the year and sparked a 21.7 percent increase in the Market Composite Index, which […]
August 9, 2011
Housing expert Jonathan Miller believes that low interest rates are hurting the US housing market and that until the Fed increases rates the housing market will be stuck in limbo. Jonathan Miller does it again with a great article that echoes the sentiments of many housing and finance pundits who feel that historically low mortgage interest rates are hurting, not helping, the […]
August 8, 2011
How Will the US Credit Downgrade Affect the Philadelphia Real Estate Market? This question and the question of how the US credit downgrade by S&P will effect the entire US Housing market was answered both thoroughly and eloquently by Jonathan Miller, President/CEO and co-founder of residential real estate appraisal firm Miller Samuel and co-founder and Managing Principal of commercial real estate appraisal firm Miller […]
August 5, 2011
Philadelphia Real Estate One Liners August 5, 2011 Technorati claim token: 6KTF9PYPNZMR • Philadelphia neighborhood University City gets Philadelphia’s first “parklet”. The parklet is located across the street from Clark Park and is essentially an elevated platform with tables, chairs and flowers that sits on the street. This is Philly’s most recent attempt to create more green space and I personally […]
August 5, 2011
It’s Official! – Philadelphia 8th Best City For Bachelors Great news for all of the young professional men out there looking for Philadelphia homes and condos – Philadelphia is the 8th Best City For bachelors. I’m considering printing this article and taping it to my dashboard. CNBC.com ranked the 10 Best Cities for bachelors and surprisingly (to me at […]
August 4, 2011
According to a recent report by the US Post Office, Philadelphia is tied for 3rd place for cities with the greatest number of post offices potentially closing. Philadelphia earned this distinction by having 14 post offices that may close because of Post Office cuts. Among the Post Offices on the chopping block is the Benjamin Franklin Post Office – which […]
August 4, 2011
Here’s your chance to own the holy grail of Philadelphia real estate celebrity condos. Crossingbroad.com is reporting (with some hilarious commentary) that Pat Burrell’s Rittenhouse Square penthouse condo at The Lanesborough is on the market for $3,000,000. Naturally it’s listed with Prudential Fox & Roach Realtors. Here are some of the details: Pat the Bat’s Penthouse unit is a 3 bedroom 3.5 […]
August 3, 2011
Philadelphia News August 3, 2011 Delaware River Waterfront Corporation begins “pre-development” work at Festival Pier at Intersection of Delaware Avenue and Spring Garden Street. (PlanPhilly.com) Delaware River Waterfront Corporation has begun early planning work on Phase II of Washington Avenue Green Park – a self supporting boardwalk and pier (currently pier 53) that allows visitors the ability to walk out […]
August 1, 2011
Delaware River Waterfront Corporation Begins Preliminary Work on Festival Pier PlanPhilly.com is reporting that the Delaware River Waterfront Corporation will begin “pre-development” environmental remediation and planning work that must take place prior to selection of a private developer. Specifically work is being done at the site of a former incinerator, demolished in the early 2000’s, that took up 7 of the 11.5 acres […]