July 12, 2011

Top 5 Questions About Philadelphia Short Sales

Top 5 Questions About Philadelphia Short Sales 1. How will a short sale affect credit? Depending upon how the short sale is negotiated, the agreement made at the bank and the way the bank reports the short sale to the credit-reporting agencies, it is possible that the short sale could have only a small impact on credit score. However, the […]
July 12, 2011

Twisted Tail and Philly Real Estate One Liners

The Twisted Tail, Philly’s newest Bourbon and Blues bar, is opening at the site of the old Kildare’s in Headhouse Square (509-11 S. 2nd Street) The liquor license application and contractor permits are posted and progress is being made at Audrey Claire’s latest venture Cook – the collaborative kitchen restaurant on the corner of 20th and Rittenhouse streets in Rittenhouse […]
July 11, 2011

Philadelphia Case Shiller Home Price Index

Realtor, owner and CEO of Prudential Fox & Roach, Larry Flick distributed a great email to the company recently about the Philadelphia Case Shiller Home Price Index.  Here’s my favorite excerpt: “The press has done it again — with the release of the latest Case Shiller Home Price Index they used data from the worst parts of the country to […]
July 11, 2011

1808 Pine St, Philadelphia, PA 19103 (MLS # 5916456)

Interesting New Rittenhouse Square Listing for the Philadelphia Investor brought to you by Prudential Fox & Roach, Realtors THIS PROPERTY IS NO LONGER ON THE MARKET Property is listed by Prudential Fox & Roach, Realtors. This property is a 7 unit, fully occupied, investment property located just steps away from Rittenhouse Square.  Here are some of the other details: The […]
July 9, 2011

Jonathan Miller Predicts Five More Years of High Foreclosure Rates

[youtube]http://www.youtube.com/watch?v=EhgZctkWqw8&feature=player_embedded[/youtube] Check out the video above.  Jonathan Miller, consultant, founder of Manhattan real estate appraisal firms Miller Samuel and Miller Cicero recently gave an interview to Bloomberg Law in which he predicted 5 more years of high foreclosure rates nationally. Philadelphia foreclosure rates are still considered to be low in a national context, especially for a large metropolitan area. As Kevin Gillen has […]
July 9, 2011

New Carl Dranoff Development at Intersection of Broad and South

New Carl Dranoff Development at Intersection of Broad and South Just weeks after being named reciever of the Rittenhouse Square luxury condo building 10Rittenhouse NakedPhilly is reporting that developer Carl Dranoff will turn the Garden of the Arts, located on the Northeast corner of Broad Street and South Street, into a six story mixed use property with green space.  The development […]
July 8, 2011

The Arrow Strip Club in Northern Liberties?

Seriously…I don’t even know where to start with this one. It wasn’t that long ago when the Arrow Swim Club in Northern Liberties, the adults only pool located a few steps from the Piazza, was the talk of the town. Well lately the Arrow Swim Club has been getting crushed in the press.  See here and here,  Apparently someone running that think […]
July 5, 2011

Has the Philadelphia Real Estate Market reached bottom?

Has the Philadelphia Real Estate Market reached bottom? Is it safe to buy in Philadelphia? According to a well written and data filled article written by Larry Flick, Chairman and Chief Executive Officer of Prudential Fox & Roach and The Trident Group the answer is yes.  Larry’s reasons for reaching this conclusion are that there is a large selection of homes […]
July 3, 2011

Philadelphia Real Estate Market Data May 2011

Philadelphia Real Estate Market Data May 2011 The Philadelphia Real Estate Market Data summary for May 2011 shows that year-over-year from May 2010 through May 2011 shows the following: an increase in inventory a decrease in sales a decrease in median price a decrease in sale price vs. opening price ratio Like most markets Philadelphia County (as a whole) has […]
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