Sunday, July 13, 2014
Inquirer Daily News

Real Estate

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Redfin CEO Glenn Kelman discusses the trend to sacrifice living space and and to live and rent in smaller spaces.
WASHINGTON (AP) - Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
A look at this weekend's open houses in the Philadelphia region.
Exactly one year ago, we wrote about this historic Society Hill home for our weekly On the Market feature. The 2,624-square-foot home is still for sale, but for $25,000 less.
Time and taxes have finally forced the owner of Lynnewood Hall, a grand Horace Trumbauer estate in Elkins Park, to put the property up for sale.
Population: 39,499 (2010). Median income: $70,947 (2009). Area: 58 square miles. Settlements in the last three months: 100.
Stagnant incomes, rising home prices, and tight credit, all products of the recession, have cut into owner-occupied numbers.
David Stimmel, who has been designing homes for more than 20 years, took on a project in 2009 that was unlike one he had done before: a personalized home for him and his family.
Condo prices are on the rise, which means those great post-recession deals on luxurious properties in the heart of the city are probably gone.
Still looking for a shore rental this summer? It’s not too late!
Now there are several opportunities to live on America’s oldest residential block (if you can shell out at least $650,000).
Periodically, I like to write a column including some of the things I couldn't fit into the articles I write, because of space constraints.
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Digital Real Estate Specialist
215-854-5319 or dhardimon@philly.com
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