Sunday, April 26, 2015

Real Estate

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Mortgage rates fluctuate daily, making it hard to pinpoint the perfect moment to lock. To simplify the mortgage rate-lock decision, keep these things in mind:
A look at this weekend's area open houses
I am about to rent a condo from my cousin. When I brought up the idea of signing a lease agreement, she got upset, as if I didn't trust her. I do trust her, but I would feel better with a written contract. Legally, do we need to put something in writing?
A chilly Saturday did little to stop the march of progress at Bryn Gweled Homesteads in Upper Southampton. There was a crowd at the tai chi class in the community center. Upstairs, Bill Dockhorn, his wife, Carol Wengert, and Jerry Smith sifted through 75 years of documents.
From the outside, the home on South 22nd Street looks like almost any other historic home in Philadelphia. But the façade masks the quirk that gives this home its character. Built in the 1850s as three separate trinities, a 1920s-era owner stitched them together into one large, colonial property.
Population: 8,516 (2010) Median household income: $86,092 (2012) Area: 8.9 square miles Settlements in the last three months: 20
This spring will be a good time to buy or sell a home. But life isn't perfect, so expect to run into a couple of hurdles, especially if you are a buyer.
Marcus Molina is a real-life version of that mythical beast known as the millennial homebuyer. Just after college, the 25-year-old Philadelphia native bought his first house in North Philly for $65,000.
For years, Philip and Jackie Carroll would look out the window at the Collingswood house behind theirs. It had a simple charm, the good "bones" of a house built in 1905 - and it had a swimming pool.
When the housing bubble exploded in 2007, it ripped away nearly 25 percent of the value of Bristol Township's homes. For many in this Bucks County community, short sales and foreclosures followed, slowly and painfully, over the next five years.
Looking for more money for affordable housing, a coalition of Philadelphia groups wants to tax properties if they are flipped by developers less than two years after they were purchased.
In South Philadelphia's Newbold neighborhood, Anna Maria and Carmen Vona have renovated the historic Abbotts Alderney Dairies building at 1715-1719 McKean St.
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