Center City Philadelphia

June 9, 2010

Philadelphia Real Estate – Center City Tax Assessments May Violate PA Constitution

Philadelphia Real Estate – Center City Tax Assessments May Violate PA Constitution An interesting article regarding tax assessment in Pennsylvania was written by Kim Shindle of the Pennsylvania Association of Realtors recently. According to the article Pennsylvania’s antiquated assessment laws may finally be addressed, thanks to a Pennsylvania Supreme Court ruling from last year. The Supreme Court ruled that the base year system […]
June 9, 2010

Appraisals and Determining Price of Philadlephia Real Estate

I read the Article, “Deciding Home Values Now Tricky” by Al Heavens, Philadelphia Inquirer columnist which can be found here and it really hit home. This issue of appraisals and accurately determining value in Center City Philadelphia has been a hot button issue for the past few months whether you are buying, selling, appraising or a real estate agent. Appraisers were blamed […]
June 9, 2010

Renting vs. Buying Philadelphia Real Estate

Renting vs. Buying Philadelphia Real Estate I often am asked if given the condition of the Center City Philadelphia real estate market and the real estate housing market in general whether it makes more sense to rent or buy. Some real estate experts will use formulas, analysis, metrics and programs like this one I found on the New York Times website in […]
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 […]