August 10, 2010

Kevin Gillen Q2 2010 Commentary

Philadelphia Real Estate – Kevin Gillen Q2 2010 Commentary ECONSULT CORPORATION • 3600 Market St. • Sixth Floor • Philadelphia, PA 19104 • 215.382.1894 (1895/fax) • www.econsult.com Spurred by Tax Credit’s Expiration,   Demand for Philadelphia Homes Surges in Q2   But leading indicators signal a slowdown for the remainder of 2010 August 10, 2010: Following a slower-than-usual winter season […]
June 10, 2010

5 Reasons You Need a Philadelphia Realtor

Forbes real estate adviser Tara Struyk wrote an interesting article titled “Five Reasons Why You Still Need A Real Estate Agent” which can be found here. In the article she concluded that doing the work yourself can save money, but it could end up being more costly than a realtor’s commission in the long run. She reasoned a Realtor was […]
June 9, 2010

Philadelphia Real Estate – Center City Tax Assessments May Violate PA Constitution

Philadelphia Real Estate – Center City Tax Assessments May Violate PA Constitution An interesting article regarding tax assessment in Pennsylvania was written by Kim Shindle of the Pennsylvania Association of Realtors recently. According to the article Pennsylvania’s antiquated assessment laws may finally be addressed, thanks to a Pennsylvania Supreme Court ruling from last year. The Supreme Court ruled that the base year system […]
June 9, 2010

$8,000 Tax Credit Effects In Philly and Nationally

Philadelphia Real Estate $8,000 Tax Credit Effects In Philly and Nationally Al Heavens had another piece in the Philadelphia Inquirer that discussed the effects of the expired $8,000 Federal Tax Credit on the Philadelphia real estate market. In the article economists use the image of a “two-hill roller coaster” to describe the effect the tax credit had on the housing market nationally […]
June 9, 2010

$8,000 Federal Philadelphia Real Estate Tax Credit

Philadelphia Real Estate $8,000 Federal Tax Credit Now In Focus According to Alan Heavens of the Philadelphia Inquirer the full effect of the expired $8,000 first time home buyer tax credit is now in focus. Nationally the Federal $8,000 tax credit helped increase pending home sales for the third consecutive month. Lawrence Yun, chief economist for the National Association of Realtors said […]
June 9, 2010

Philadelphia Real Estate Economy Grew in Q1 2010

Philadelphia Real Estate Philadelphia’s Economy Grew in Q1 2010 According to an article posted on www.Philly.com by Mike Armstrong the Greater Philadelphia Coincident Indicator, created by Select Greater Philadelphia and IHS Global Insight, had fallen every month for 25 months before increasing in March of this year. This increase is certainly positive because apparently “You can think of a coincident indicator as […]
June 9, 2010

Appraisals and Determining Price of Philadlephia Real Estate

I read the Article, “Deciding Home Values Now Tricky” by Al Heavens, Philadelphia Inquirer columnist which can be found here and it really hit home. This issue of appraisals and accurately determining value in Center City Philadelphia has been a hot button issue for the past few months whether you are buying, selling, appraising or a real estate agent. Appraisers were blamed […]
June 9, 2010

Renting vs. Buying Philadelphia Real Estate

Renting vs. Buying Philadelphia Real Estate I often am asked if given the condition of the Center City Philadelphia real estate market and the real estate housing market in general whether it makes more sense to rent or buy. Some real estate experts will use formulas, analysis, metrics and programs like this one I found on the New York Times website in […]
June 9, 2010

Underlying Weakness in Center City Philadelphia Market?

Philadelphia Real Estate Underlying Weakness in Center City Estate Market? According to this MSNBC.com article by Bill Briggs real estate experts see underlying weakness in the housing market. Spurred largely by the $8,000 federal tax credit which expired on April 30th and historically low mortgage rates, sales in March and April were astronomical. Sales of existing homes increased 7% in March and […]
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