March 21, 2012
Understanding Philadelphia Mortgage Rates Here’s an interesting email I got from a local Philadelphia mortgage lender describing what causes interest rates to move up and down: The Federal Reserve and Mortgage Rates – Understanding What Causes Interest Rate Movement Consumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. […]
March 21, 2012
Prudential Fox & Roach Named Best Place To Work We all know you can lie with statistics but some statistics are more reliable than others. Some of you may have seen the survey by the Philadelphia Inquirer and Philadelphia Daily News which names the Best Workplaces of 2012 in Philadelphia. Prudential Fox & Roach is #4 on the list. Not only […]
March 19, 2012
Philadelphia Condos: Non Warrantable Condominiums The question of warratability came up twice last week and I’m guessing that most of the real estate buying public doesn’t know what an unwarrantable condo is. Here’s a post from Jason Griesser’s blog that answers that very question. If you have a question about financing a particular PPhiladelphia condo feel free to give me […]
March 19, 2012
Philadelphia Mortgage Update March 19, 2012 Here are the latest comments and rate sheet from Jason Griesser: Interest rates have come up out of the 3’s on conventional financing and interest rates across the board have risen this week. The main reason is the Federal Reserve announced Tuesday afternoon that economic activity has picked up and continues to improve. This […]
March 14, 2012
At least once a week I encounter a client who is weighing the pros and cons of renting versus buying real estate in Philadelphia. Unfortunately, there’s no formula or analysis that works for every individual—the decision whether to rent or buy must be made on a case by case basis because the process requires a very subjective weighing of pros […]
March 14, 2012
Ellsworth Kelly Sculpture To Be Displayed At Barnes Museum Philly.com reports that Ellsworth Kelly’s 40-foot contemporary sculpture named, “The Barnes Totem,” is being installed at the Barnes Museum in Logan Square. The City of Philadelphia Art Commission selected the sculpture unanimously after it was proposed by the Barnes Foundation for its soon to open Museum. The sculpture, a slender stainless-steel […]
March 14, 2012
Coxe Park Historic Nomination Denied The Philadelphia Historical Commission voted last week, in a 7-4 ruling, against historic designation for Coxe Park in Logan Square. In their decision, the historical commission expressed concerns about using historical designation strategically to settle neighborhood disputes. The dispute involving Coxe Park began when a local neighborhood group (of mostly parents), the Friends of Coxe […]
March 14, 2012
Old Havana Hotel Investment Scam? Word on the street is that investors have the opportunity to invest in “O Havana, a 300-room luxury hotel with restaurants, a spa and a nightclub in front of the SugarHouse Casino, boasting retro Cuban flair that has support from the City of Philadelphia, Delaware River Authority and the community.” The only problem is that […]
March 14, 2012
Eshowings At 12 Month High In February Eshowings At 12 Month High In February Prudential Fox & Roach just released the February Eshowings summary. The total number of eshowings is at a 12 month high of 3088. This is significant because the total number of showings for February 2012 is higher than even Spring/Summer 2011 months. We are seeing pent […]