August 29, 2011

Buyers Choosing Fixed Rate Mortgages And 15 Year Term

Buyers Choosing Fixed Rate Mortgages And 15 Year Term According to Freddie Mac, most home buyers and refinancers are choosing fixed rate loans but prefer 15 year amortizations over the traditional 30 year fixed rate mortgage. Between April-June 2011, of all the Freddie Mac-to-Freddie Mac refinances, 37% of homeowners who started with a 30-year fixed transitioned into 15-year or 20-year fixed rate […]
August 28, 2011

30th Street Station Next Great University City Outdoor Space

30th Street Station Next Great University City Outdoor Space University City – According to www.UniversityCity.org, the next great Philadelphia outdoor space is coming to the areas surrounding 30th Street Station.  Currently the area remains nameless and there is a contest to name it.  Here are some of the details and renderings from the website. Name Philadelphia’s Next Great Public Space! […]
August 28, 2011

Philadelphia Real Estate And Beyond August 28th, 2011

Philadelphia Real Estate And Beyond August 28th, 2011 Center City – Despite being hit by an earthquake and a hurricane in the same week the Philadelphia real estate community is still hanging in there. Here’s what is going on locally and nationally. Foreclosures And Short Sales Selling At Larger Discount- The percentage REO homes and homes pre-foreclosure dropped 5 percent […]
August 26, 2011

Goodbye American Commerce Center, Hello 2nd Comcast Building?

Goodbye American Commerce Center, Hello 2nd Comcast Building? Center City – An article on Philly.com speculates about a possible second Comcast Building in the Center City Philadelphia skyline.  A buyer affiliated with Liberty Property Trust purchased the lot on corner of 18th and Arch in Logan Square that could have been used to build the American Commerce Center Tower – […]
August 26, 2011

Northern Liberties Superfresh Is Open

Northern Liberties Superfresh Is Open Northern Liberties – Northern Liberties finally has a Superfresh.  Since 2010 the 51,000 square foot building that was supposed to house a Pathmark has remained vacant. Finally after approximately 2 years the building located at 2nd and Girard, in Northern Liberties,  is occupied!   This morning 120 employees showed up and Superfresh opened to the […]
August 24, 2011

Philadelphia Real Estate And Beyond August 24, 2011

Philadelphia Real Estate And Beyond August 24, 2011 Homeowners Facing Foreclosure Increasing – The number of Americans at risk of foreclosure is rising, likely due to high unemployment. The Mortgage Bankers Association said recently that 8.44 percent of homeowners missed at least one mortgage payment in the April-June quarter. That figure, which is adjusted for seasonal factors, rose 0.12 percentage […]
August 24, 2011

Study Suggests Writing Down Underwater Mortgages Will Fix Housing

Study Suggests Writing Down Underwater Mortgages Will Fix Housing Center City – Read an interesting article on the RisMedia website.  The article summarize a new study called, “The Win/Win Solution: How Fixing the Housing Crisis Will Create One Million Jobs.”  Here’s the reader’s digest version: The study  suggests that writing down all underwater mortgages to market value would allow  1) the […]
August 23, 2011

Curtis Institute’s Rittenhouse Square Dorm Complete

Rittenhouse Square – According to Philly.com the Curtis Institute of Music’s  Lenfest Hall in Rittenhouse Square is nearly complete. Lenfest Hall is  the new dormitory and rehearsal hall for the Curtis Institute of Music designed by Robert Venturi and Denise Scott Brown of Venturi, Scott Brown and Associates.  The property is located between 16th and 17th on Locust Street in Rittenhouse […]
August 23, 2011

Philadelphia Real Estate Investors Next Two Years Prime Time

According to Inman News, the next two years is prime time for Investors of real estate.  Here are the greatest hits of the article: Real estate investors are likely to be three times more active than other types of home-buyers in their local markets within the next two years, according to a national survey by Realtor.com operator Move Inc. A […]
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