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 9, 2011

Are Philadelphia Mortgage Rates Really Too Damn Low?

Housing expert Jonathan Miller believes that low interest rates are hurting the US housing market and that until the Fed increases rates the housing market will be stuck in limbo. Jonathan Miller does it again with a great article that echoes the sentiments of many housing and finance pundits who feel that historically low mortgage interest rates are hurting, not helping, the […]
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August 8, 2011

How Will the US Credit Downgrade Affect the Philadelphia Real Estate Market?

How Will the US Credit Downgrade Affect the Philadelphia Real Estate Market? This question and the question of how the US credit downgrade by  S&P will effect the entire US Housing market was answered both thoroughly and eloquently by Jonathan Miller, President/CEO and co-founder of residential real estate appraisal firm Miller Samuel and co-founder and Managing Principal of commercial real estate appraisal firm Miller […]
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August 5, 2011

Philadelphia Real Estate One Liners August 5, 2011

Philadelphia Real Estate One Liners August 5, 2011 Technorati claim token: 6KTF9PYPNZMR • Philadelphia neighborhood University City gets Philadelphia’s first “parklet”. The parklet is located across the street from Clark Park and is essentially an elevated platform with tables, chairs and flowers that sits on the street. This is Philly’s most recent attempt to create more green space and I personally […]
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August 3, 2011

Philadelphia Real Estate Development News August 3, 2011

Philadelphia News August 3, 2011  Delaware River Waterfront Corporation begins “pre-development” work at Festival Pier at Intersection of Delaware Avenue and Spring Garden Street. (PlanPhilly.com) Delaware River Waterfront Corporation has begun early planning work on Phase II of Washington Avenue Green Park – a self supporting boardwalk and pier (currently pier 53) that allows visitors the ability to walk out […]
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July 31, 2011

Philadelphia Apartment Market Scorching Hot

Al Heavens of the Philadelphia Inquirer wrote  an article detailing the hot Philadelphia rental market.  The housing downturn, high unemployment, the debt ceiling crisis, and the possibility of further price declines have compelled some potential buyers into leasing in spite of historic interest rate lows.  According to the article the supply of Philadelphia apartments falls far short of the demand […]
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July 30, 2011

Debt Ceiling Crisis Hindering Philadelphia Real Estate Market

On Friday a client of mine who has already identified the home he wants to purchase and negotiated favorable price and terms decided to take the weekend before finalizing his agreement of sale to see if the debt ceiling is raised.  This lends credence to the argument I’ve been making all week that some economic damage has already been done by way […]
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July 29, 2011

Philadelphia Real Estate Developer Buys Daily News/Inquirer Building

 Real Estate Developer Buys Daily News/Inquirer Building Northern Liberties Developer Bart Blatstein purchased the Daily News/Inquirer Building and the adjacent garage/parking lot located at 400 N. Broad Street from Philadelphia Media Network for an undisclosed amount.  Blatstein, who owns the Piazza at Schmidts to Northern Liberties has been on a bit of a spending spree lately having recently purchased the former State Office […]
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July 28, 2011

Philadelphia Real Estate Housing Inventory Down 1%

CalculatedRisk reports that Homes For Sale inventory down 11.1% Year-over-year in July.  HousingTracker reported that the July listings – for the 54 metro areas – declined 11.1% from last year.  The positive effect of the decline in listed inventory is that there will be less downward pressure on housing prices but CalculatedRisk is careful to note that there is still a […]
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July 28, 2011

Office Leasing Strong In Spite of Economic Uncertainty

CoStar reports that office leasing nationally remains strong in the 2nd quarer of 2011 despite economic uncertainty tied to unemployment, the debt ceiling debacle and European economic meltdowns. Business are continuing to add workers and lease larger and better commercial spaces because of prices that were unavailable in recent years and landlords willing to make concessions.  The report shows that asking rents are 10% […]
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