Housing Market Data

Discover the most relevant real estate data on the local and national market. We spend our lives immersed in the nitty gritty details of home selling and buying, so we have our fingers on the pulse of what is most important for sellers and buyers to know about the local and national housing markets.

We hope you enjoy the information we offer here! For an analysis of your home’s value, speak with one of our talented real estate agents or directly contact the CenterCityTeam office: 215.440.2093

August 19, 2011

Philadelphia Real Estate And Beyond August 19, 2011

Philadelphia Real Estate And Beyond August 19, 2011 Homewood Suites Coming to 41st and Walnut in University City Neighborhood – Campus Apartments in conjunction with the University of Pennsylvania is construction a Homewood Suites hotel near the intersection of 41st and Walnut. Homewood falls under the Hilton Brand and this location is slated to have 136 suites with separate bedrooms […]
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August 18, 2011

Philadelphia Real Estate and Beyond August 18, 2011

Philadelphia Real Estate and Beyond August 18, 2011 City Planning Commission Impressed With Central Delaware Waterfront Plan – Delaware River Waterfront Corporation President Tom Corcoran gave the commission a presentation describing the several new public parks every half-mile, mixed use residential development, and the new/improved connections between the river and the adjacent neighborhoods.   The plan focuses first on areas where […]
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August 18, 2011

Multifamily Housing Vacancy Rates At 5 Year Low

Multifamily Housing Vacancy Rates At 5 Year Low The Commerce Department said Tuesday housing starts slipped 1.5 percent in July to a seasonally adjusted annual rate of 604,000 units. But starts on multifamily housing, often used for rentals, rose 7.8 percent to 179,000 units.  The rise in multifamily units reflects an underlying trend in which rentals are increasing while the […]
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August 17, 2011

Philadelphia Home Prices To Increase In 2012?

Philadelphia Home Prices To Increase In 2012? An interesting blog post published by NuWire Investor notes that some market experts are predicting  that the slowly strengthening housing market, marked by fewer mortgage delinquencies and foreclosures, may get a boost from consumers who see value in home ownership as compared to other investments. Here are some bullet points of interest: The U.S. […]
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August 17, 2011

Philadelphia Real Estate and Beyond August 17th, 2011

Philadelphia Real Estate and Beyond August 17th, 2011 MilkBoy Coffeee Opens Center City Location – MilkBoy Coffee has opened in Center City Philadelphia at the 11th and Chestnut location. The Philadelphia Main-Line based MilkBoy Studios and coffee shops has two previous locations in Ardmore and Bryn Mawr. This particular location is the first to have a liquor license and an […]
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August 12, 2011

Philadelphia Real Estate National Housing Market News

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 […]
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August 11, 2011

Philadelphia Real Estate and Beyond

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 […]
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August 10, 2011

Philadelphia Real Estate July 2011 Eshowings Report

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 […]
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August 10, 2011

Philadelphia Real Estate One Liners 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 […]
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