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Philadelphia Real Estate News

Philadelphia real estate news

There are currently 1,957 blog entries related to this category.

You may have heard the buzz about the Timber Towers: one architectural firm's proposal for an interesting alternative to the usual steel structures that we see along the Philly skyline. The firm, Hickok Cole, proposed a timber structure at site of the rumored third Comcast Tower for the Skyhive Skyscraper Challenge: of course we had to get an interview with a few of the team members-Anthony Maiolatesi, Sean McTaggart, and Rosa Zlotkovsky- for more information about the company and their proposed design.    
  • How did you become interested and involved in this project and in this line of work?

We’ve seen hypothetical mass timber projects on design blogs for years, but one event that really kicked things into gear was “Timber

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  •  Philadelphia is #6 metro in the nation where people move for the job after San Jose, Raleigh, DC, Boston and Houston.
  • 53.7% of Philadelphia metro renters are job-first movers, choosing to find a job in Philadelphia prior to moving there (comparing to Baltimore - 43.9%, New York - 43.6%, Boston - 55.1%, Washington DC - 59.1%)
  • 46.3% of Philadelphia metro renters are location-first movers, choosing to move to Philadelphia prior to searching for a job
  • 29.3% of Philadelphia renters are planning to settle down in the area long-term. Compared to the national average (35.6%), fewer Philadelphia renters plan on settling down in their current metro (Baltimore - 27.5%, New York - 27.3%, Boston - 15.6%, Washington DC - 36.3%)
  • Renters in more
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We wanted to thank Fitler Club Founder and CEO David Gutstadt for dedicating the time to speak with us and share more about the lifestyle club coming to Philadelphia!

Being the owner and creator of the Fitler Club, what do you imagine seeing when you walk through the club when it’s members are enjoying all the amenities & what conversations do you foresee overhearing as you walk through?

I imagine seeing a diverse community of Philadelphia's leaders and influencers coming together to work, socialize and play - and enjoying all the various areas of the club while socializing, working out or conducting business.     How did you decide on the space at 2400 Market Street?
As soon as I walked into the building, I knew it was Fitler…
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The first quarter of 2018 equaled the opening quarter of 2017 showing that there are still buyers eager to purchase their first, or next home! Interest rates are hovering around 4% and while the number of homes sold was ↓ 3%, the median sales price for these homes ↑ 7%.

Data also shows us that there is an overall low number of homes on the market, this tells us that we are still leaning towards a seller's market. This meaning that homes in good repair and priced appropriately are anticipated to sell quickly. Although in the midst of a seller's market, homeowners cannot price their homes too aggressively. We witnessed in December the average number of appointments for a listing before it went pending was 6. Since that time, this has gone up to 10

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Northeast Philadelphia is a sizable swath of land that runs north of Center City along the Delaware River. Nearby are Bucks and Montgomery Counties. It is a combination of more than twenty neighborhoods, each with unique histories and personalities.

Here are some fun facts about the Northeast you may not know:

 

1. It’s a Microcosm of America’s Melting Pot: The Northeast is a prime example of the United States’ immigrant roots. People have come here from all over the world, each adding the flavor of their homeland’s culture.

In Somerton, for example, a little more than seven percent of residents have Russian roots, and three percent trace their ancestry to Greece. In fact, there are more residents with Russian and Greek ancestry than in

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The Philadelphia residential market remains strong for another quarter.

While interest rates have hovered around 4%, buyers are still eager to buy homes. The first quarter of 2018 has proven to be equal to the first quarter of 2017. Both prices and the number of homes have remained approximately the same between the two quarters.

The number of homes sold in the first quarter of 2018 decreased 3% compared to the first quarter of last year, however, the median sales price for homes sold increased 7%.

With the overall low number of homes available on the market, this tells us that we are still leaning towards a seller's market where homes that are in good repair and priced appropriately are anticipated to sell quickly. Another $574 million in

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Over the past ten years, Center City’s population has grown by 24.2%, while we understand all of those new comers aren’t Millennials, we’re willing to bet the majority of new residents in Philly are the younger age group, and we know why. The city’s cultural scene is a perfect fit for Millennials. The opportunity for higher education in Philadelphia is one of the best in the country. From the festivals and nightlife to the inviting real estate scene and professional job market, Philly is becoming home to a new generation.

Higher education

Philly offers more than 92 degree-granting institutions with nearly 368,000 students attending a school in the metro area. Not only does the city offer a vast range of degrees of different interests, but

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If you're the sort who follows business news or the stock market, you've probably heard the term "market cap" bandied about from time to time.

That's short for "market capitalization" - the value the market places on a company. For publicly traded companies, it's determined by multiplying the price of a share of stock in a company by the total number of shares outstanding for that company.

It turns out that we can come up with a similar "market cap" for urban housing, and over at City Observatory, they've done just that. And the market cap of the nation's urban housing stock is enormous. According to this article, the total value of the housing stock in the nation's 50 largest cities is $22 trillion, almost three times the combined value of the 50

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The beautiful thing about these "shares" of "stock" is that you can live in them while you watch your investment grow over time.

If you're the sort who follows business news or the stock market, you've probably heard the term "market cap" bandied about from time to time.

That's short for "market capitalization" - the value the market places on a company. For publicly traded companies, it's determined by multiplying the price of a share of stock in a company by the total number of shares outstanding for that company.

It turns out that we can come up with a similar "market cap" for urban housing, and over at City Observatory, they've done just that. And the market cap of the nation's urban housing stock is enormous. According to this article,

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Lancaster Avenue, Bryn Mawr, showing BMFIWilliam Harold Lee designed a slew of movie palaces in the 1920s that sought to bring big-city glamour to Philly's suburban Main Streets. One of the few that survive, and possibly the only one that's still a theater, is the Seville (1926), reborn as the Bryn Mawr Film Institute, an anchor of Bryn Mawr's lively business district.

So you've been looking for a movie theater right on Lancaster Avenue itself? Your quest is finally over.

While Bala and Narberth both have theaters, the Bryn Mawr Film Institute is the first Main Line movie theater to be located on the Main Line's main drag, at least as you head west from Philadelphia. The four-screen theater complex represents the successful conclusion of a decade-long campaign to rescue and preserve one of

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