Tuesday, May 5, 2015

New Construction

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Every homebuyer has a dream house: the one that offers the perfect combination of location, size, condition and price. These days, it's entirely likely that dream house exists, but it isn't on the market because the supply of for-sale homes in many areas is smaller than normal. So should you wait for the home you really want? Or should you buy a home that's not quite right, but might be good enough and is actually for sale at a price you can afford?
A look at this weekend's area open houses
A new apartment tower is scheduled to rise at 32nd and Race streets near the campus of Drexel University after receiving approval from the Zoning Board...
The five-bedroom home in Northern Liberties was built in 1890 and still retains many of its original Victorian elements, including plaster ceilings, decorative marble fireplaces and ceiling medallions.
It's becoming a familiar pattern, one that's not good news for home sellers and builders.
Winter appears to have put Philadelphia's real estate recovery on ice, as first-quarter sale prices in the city fell 0.3 percent from the fourth-quarter 2014 level.
Population: 31,694 (estimate). Median household income: $37,371. Area: 1.59 square miles. Settlements in the last three months: 66. Homes for sale: 125.
Mortgage rates have dropped slightly, Freddie Mac's survey of lenders shows, with the average for a 30-year fixed home loan at 3.65 percent, down from 3.67 percent in last week's report.
WASHINGTON (AP) - The poshest of luxury homes are acquiring the cachet of a masterwork by Picasso or Matisse.
With construction going on around the city and building projects on the rise, six of Philadelphia's building-trades unions settled contracts Thursday designed to make them more marketable in the suburbs.
The foreclosure nightmare that haunted U.S. homeowners during and after the Great Recession has loosened its grip considerably in most states.
When it comes to squishy boundaries, Fishtown's are among the squishiest.
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Contact Daren Hardimon
Digital Real Estate Specialist
215-854-5319 or dhardimon@philly.com
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