Real Estate News Archives | Philadelphia Real Estate & Philadelphia Homes For Sale

August 16, 2011

Warren Buffett Asserts Super Rich Don’t Pay Enough Taxes

Warren Buffett Asserts Super Rich Don’t Pay Enough Taxes Recently, Warren Buffett wrote a New York Times op-ed article that asserts that the super-rich do not pay enough taxes. His feeling is that any new budget deal should raise rates on the super-rich, especially on their “unearned” income from interest, dividends and capital gains. Here is the complete text of […]

August 15, 2011

Philadelphia Delinquent Tax Epidemic

Philadelphia Delinquent Tax Epidemic After years of bad governance and absolutely pathetic collection efforts (play with the map – someone owes over 6 million in back taxes to the City of Philadelphia) the property tax delinquency has become an epidemic of ridiculous proportions. Currently approximately 111,000 tax delinquent accounts exist in the city, which accounts for one out of every five properties. […]

August 15, 2011

Obama Administration Seeks Ideas To Reduce Foreclosure Inventory

Obama Administration Seeks Ideas To Reduce Foreclosure Inventory It reads like a personal ad in the Onion: Overwhelmed, formerly ultra popular 50 -something desperately seeking ideas, from anywhere, that will reduce inventory of foreclosed properties held by Fanny and Freddie. That’s right, The Obama administration is looking for new ideas to shrink a glut of foreclosed properties held by Fannie Mae […]

August 15, 2011

New Stephen Starr Restaurant In Rittenhouse Square

New Stephen Starr Restaurant In Rittenhouse Square Stephen Starr is opening an upscale, modern-Italian restaurant called Il Pittore at 2025 Sansom St., which was formerly Noble American Cookery. The Rittenhouse Square will be Stephen Starr’s 19th Philadelphia restaurant and his 25th overall. The head chef, Chris Painter, a Pottsville native, and vet of French Laundry and L’Espinasse, is a partner in this venture. Painter […]

August 15, 2011

Graduate Hospital Developer Filming Movies In Empty Homes

Graduate Hospital Developer Filming Movies In Empty Homes New home sales are slow and homebuilder confidence is down, but Toll Brothers has found a way to keep its model homes busy– they are being used as a backdrop for a movie scheduled to come out next year, “The Brass Teapot”. According to a press release, Toll Brothers, Inc., the nation’s […]

August 12, 2011

Philadelphia Responds To Flash Mobs With Curfew

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

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

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

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 […]