February 28, 2012
Philadelphia Mortgage Update: FHA Premiums Increasing Some interesting Philadelphia Mortgage news for FHA buyers considering purchase in the next 60 – 90 Days. Got an email from a local lender letting us know that the cost of purchasing an FHA loan will increase effect April 1, 2012. FHA just announced that it is nearly DOUBLING the upfront mortgage insurance premium […]
February 27, 2012
Philadelphia Mortgage Update: February 26, 2012 Here’s this week’s Philadelphia mortgage update and rate sheet compliments of Jason Griesser of Trident Mortgage: Rates moved very little this week and our jumbo rates slightly improved. All eyes remain on Europe and their “debt crisis.” Here in the US an important event took place recently for the housing industry. There has been […]
February 27, 2012
Philadelphia Real Estate Market Date January 2012 Here’s the Market TRENDs summary for Philadelphia County, January 2012 Market History: Philadelphia County experienced an increase of Settled units, 5.1%, in January 2012 as compared to January 2011. Pending units also increased in the same period by 5.4%. Year-to-Date Market Snapshot: Through January 2012, Philadelphia County has settled 581 units at an […]
February 27, 2012
Philadelphia Landlord Requirements A great client and friend of mine recently asked about the requirements for Philadelphia landlords. Greg Damis of Prudential Fox & Roach has a great post on his website detailing what is required. The entire document is reproduced below. Thanks Greg! Philadelphia Landlord Requirements The Philadelphia Landlord face a challenging set of rules and regulations. Below are […]
February 24, 2012
Catharine Court Grand Opening In Graduate Hospital The grand opening of Catharine Court In Graduate Hospital is this weekend. There will be an open house on Sunday from 1pm – 4pm and rumor has it that the open house will be hosted by none other than Mike McCann “The Real Estate Man” himself. I can also verify the some of […]
February 23, 2012
Philadelphia 4th Most Popular Housing Market According To Realtor.com Recently Realtor.com published it’s list of the 10 Most Popular Housing Markets based on the number of monthly searches on their website. “Chicago continues to hold on to the top-spot in January as the most widely searched housing market at Realtor.com. The following are the top searched housing markets from last […]
February 23, 2012
3.8% Real Estate Transfer Tax The questions keep pouring in about the new 3.8% real estate tax that takes effect in 2013 and all of the inflammatory and exaggerated statements regarding it. I got a great email from Prudential Fox & Roach’s legal counsel Scott Waldman regarding this very issue and wanted to pass it along. You may be aware […]
February 22, 2012
Fairmount Court 2.0 In Art Museum Area I mentioned a 10 house project in the Art Museum Area named Fairmount Court 2.0 earlier this summer. At that time 4 of the homes had already been substantially built and pre-sold and now the remaining homes have hit the MLS. As a reminder, the developer built 10 homes at the intersection of […]
February 22, 2012
More Luxury Homes Coming To Logan Square? Fresh off the heels of Kings Court and Mode 7 it appears that Logan Square may soon be the recipient of 27 luxurious, new construction homes. Those of us in the Philadelphia real estate business before blogging was popular remember a project slated for the corner of 23rd and Cherry Street in Logan […]