Philadelphia Real Estate One Liners July 28, 2011
Philadelphia Real Estate One Liners July 28, 2011
- National Association of Realtors reports an increase in cancellations of pending home sale contracts. The normal rate is 4% and currently there is a 16% rate of cancellation. (CNBC Realty Check)
- Case-Shiller reported May home price declines in both its 10 (3.6%) and 20 (4.5%) city index. Home prices however increased slightly for the second straight month. (CNN Money)
- NAR reports June Pending home sales increased 2.4% from May 2011.
- Vinny Chase’s Entourage House in Encino, California sold for $4,200,000. (Curbed.com) (Guess this explains why the writers burned it down in the Season 8 premier)
- The Goldtex Building located at 315 N. 12th street has received zoning approval for 163 luxury units with parking. The property was purchased for $4,500,000 recently and I can’t figure out how the developers will make substantial money on this project. (NakedPhilly)
- ILLUMINARE, the Italian restaurant located at 2321 Fairmount Ave in the Art Musuem Area might be closed for good. (NakedPhilly)
- The debt ceiling debate could seriously affect homeowners if the mortgage interest deduction for personal or investment properties is reduced or discarded all together. (Philly.com)
To search Philadelphia Real Estate listings for condos, homes and apartments click here.
Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
www.CenterCityTeam.com
