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 […]
June 9, 2010

Philadelphia Strategic Foreclosure

According to a New York Times article by David Streitfeld some homeowners have stopped paying their mortgage and are using foreclosure strategically to save businesses, enjoy life, vacation or to get out of houses that worth significant less than the amount owed on the property. These homeowners effectuate their own loan modification by ceasing to pay their monthly mortgage and instead save […]
May 4, 2010

Kevin Gillen Q1 2010 Philadelphia Commentary

Philadelphia Real Estate – Kevin Gillen Q1 2010 Commentary ECONSULT CORPORATION • 3600 Market St. • Sixth Floor • Philadelphia, PA 19104 • 215.382.1894 (1895/fax) • www.econsult.com Philadelphia Housing Resumes Downward Slide in Q1  But leading indicators hold positive signs for a strong spring May 4, 2010: A struggling economy and “snow-mageddon” took its toll on Philadelphia’s housing market this […]
January 20, 2010

Kevin Gillen Q4 Philadelphia Commentary

Philadelphia Real Estate – Kevin Gillen Q4 Commentary ECONSULT CORPORATION • 3600 Market St. • Sixth Floor • Philadelphia, PA 19104 • 215.382.1894 (1895/fax) • www.econsult.com Philadelphia Housing Shows Further Signs of Stabilization in Q4 Prices hold steady, sales activity exhibits unusual increase. January 20, 2010:  The most  recent home sales data indicate a solidifying of the local housing market’s […]
October 26, 2009

Kevin Gillen Q3 Philadelphia Commentary

Kevin Gillen Q3 Commentary – Philadelphia Real Estate ECONSULT CORPORATION – Philadelphia Housing Recovery Sputters in Q3 By Kevin Gillen PhD, 10/26/09 Mixed news on sales, prices. The most recent home sales figures suggest a slowing in the momentum of the housing market’s attempt to recover from its current slump. Following the first quarterly increase in citywide house prices after two […]
June 2, 2009

Wikipedia Short Sale Primer

A short sale primer for the Philadelphia home buyer compliments of Wikipedia A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens full amounts, whereby the lien holders agree […]
January 1, 2009

$7,500 Federal First Time Home Buyer Tax Credit

Philadelphia Real Estate – $7,500 Federal First Time Home Buyer Tax Credit Here’s a summary of the credit from a Forbes article by Ashlea Ebeling: President George W. Bush signed a massive housing rescue package The new law contains high profile help for home giants Fannie Mae and Freddie Mac for homeowners who took out mortgages they can’t afford and […]
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