Real Estate News
This section was specifically created by the Center City Team to provide the most up to date real estate news and data pertaining to the Philadelphia community. Find all of the real estate related news impacting Philadelphia and the surrounding suburbs.
We hope you enjoy the information we offer! If we can help you in any way, please speak with one of our talented real estate agents, or directly contact the Center City Team office: 215.440.2093
September 27, 2016
Real estate site Redfin released its August housing report last week, giving a number of insights into the housing market that come as no surprise to the professionals: they already knew it was a seller’s market. Home prices are high, and inventory is low – low enough that it actually cut into sales, which fell by 4.6 percent within incorporated […]
August 30, 2016
It’s going to take 35 years and $6.5 billion dollars, but you’re going to see a whole new face on Philadelphia’s University City. The central Philadelphia neighborhood, located on the Schuylkill River and east of Drexel University between Walnut and Spring Garden Streets, is facing major changes. It’s thanks to a cooperative effort between Amtrak and the Southeastern Pennsylvania Transportation […]
August 10, 2016
Ah, Bella Vista. Home of the Italian Market , this neighborhood has done nothing but gentrify for the last 40 years. Bella Vista has come so far, in fact, that it’s ranked as the best place to live in Philly. Hey you, Mr/s. Angry Philadelphian, don’t be mad at me! I didn’t publish the rankings – that was the work […]
April 20, 2016
Just in case you didn’t realize it already, Philadelphia is a great place to live. I’m not the only one saying so, either. A story just broke on CBS 3 that Philadelphia had nabbed second place in a poll of “top cities for first-time homebuyers” as decided on Realtor.com, a website for real estate professionals. According to the website, Philly’s […]
March 15, 2016
While not everyone agrees on the definition of “hipster,” we can agree on one thing – that hipsters are those who stay ahead of trends in clothing, food, and life in general. They are almost always a subset of millennials, and they tend to be younger – in their 20s and early 30s. Apparently, they are also trailblazers in real […]
March 10, 2016
The Wells Fargo & Company bank is committed to helping out with boosting home ownership in the Philadelphia community. To that end, they’ve teamed up with NeighborWorks America and its network member New Kensington Community Development Corporation (NKCDC) to create a program that will hopefully create more new homeowners by assisting citizens with their down payments. Wells Fargo has committed […]
January 18, 2016
The condos for sale in Manayunk are, for lack of a better word, unexceptional. The last four units remaining at Falcon Condominiums are described in their official listing as “ideal for live/work lifestyle of entrepreneurial start-ups.” What makes these condos special? Their listing price. It’s not that the price is particularly low or egregiously high – it’s that the price […]
December 30, 2015
Not far from the shining glass-and-metal skyscrapers of Center City Philadelphia are streets where blight reigns. The New York Times recently ran a story on Philadelphia’s Land Bank, the city’s great hope for revitalizing the crumbling neighborhoods that are endemic in places. The Philadelphia Association of Community Development Corporations, a nonprofit organization that acts as an advocate for mixed-income neighborhoods, […]
December 28, 2015
There are more renters in America right now than there have been at any point since the 1960s. Home ownership is at a half-century low, and renting has spiked. This has been the trend since the housing crash of the late 2000s. A discouraging trend that’s gone alongside the rise in renting? Renters paying too much for their housing. It’s […]