August 15, 2011
Philadelphia Real Estate Letter From Larry Flick In June of last year, mortgage interest rates dropped to what were then historic lows. I thought they could never go lower. I was wrong. For the past week, mortgage interest rates have gone even lower than they were at the beginning of last summer – I’ve seen 30 year fixed mortgages hovering […]
August 12, 2011
Philadelphia Responds To Flash Mobs With Curfew Mayor Michael Nutter announced this week an initiative aimed at preventing flash mob violence that began with a stiff curfew at 9 p.m. Friday, August 12, 2011. The curfew comes as a response to three of attacks on residents by groups of young people who were alerted to sudden gatherings at a given […]
August 12, 2011
Philadelphia Real Estate National Housing Market News With the debt ceiling resolution and the subsequent S&P downgrade there has certainly been no shortage of housing or housing related news this week. Here are some of the major stories: • Foreclosure activity has fallen to its lowest level in over three-and-a-half years, according to RealtyTrac. The July foreclosure market report, released […]
August 12, 2011
Philadelphia Phillies Real Estate News I get asked all the time where Philadelphia celebrities live and with that in mind I decided to write what will hopefully be the first of many blogs on the subject. First up to bat… the Philadelphia Phillies. Obviously some discretion is required to protect the privacy of the players and their families but this […]
August 11, 2011
Philadelphia Real Estate and Beyond CalculatedRisk had an interesting article that showed how the housing market is missing the move up buyer – defined in this article as buyers in the $300,000 -$800,000 price range. Home sales in this price range from June 2010 to June 2011 dripped 25.5% (the most of any price range) largely because the federal home […]
August 11, 2011
240 Sigel Street, Philadelphia, PA 19148 Amazing rowhome in Pennsport. The interior and exterior of the entire home have been lovingly rehabbed and maintained. The living/dining room combo has new hardwood flrs, recessed lighting, a built in closet, and an open flr plan. The kitchen has stainless steel appliances, beautiful granite countertops, high-end cabinets, a tumbled marble backsplash and hardwood […]
August 10, 2011
Developer Breaking Ground at 2100 Chestnut Street In September The John Buck Company plans to break ground in September on a $60 million, 34-story Rittenhouse Square skyscraper rental building with parking and shops on the bottom floor. Naturally the plans have been met with criticism by the Philadelphia real estate commentators. Based on the images I’ve seen it looks like […]
August 10, 2011
Philadelphia Real Estate July 2011 Eshowings Report Philadelphia real estate showings report for July was just disseminated compliments of Prudential Fox & Roach, Realtors. The report shows a monthly total of 2044 showings which represents a decrease of just over 20% from June 2011 and a 3% reduction from July 2010. The showings were right in line with seasonal expectations. Showings tail […]
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 […]