Philly Real Estate: Change is in the Air!

Rendering for one of the newest high rise residential rental buildings at 22nd and Chestnut

I am excited to share the latest Chairman’s Report, courtesy of Larry Flick IV, my very own Chairman & CEO at Prudential Fox and Roach, REALTORS. It is high time to share some positive news and spread the word of the strengthening real estate market we have been experiencing since “the bottom” in 2010.

Home sales, home prices and job growth are all on the rise and, coupled with the lowest mortgage interest rates in history, now is the ideal time to buy or sell a home….

I see it every day: excitement is in the air. Sellers are pricing their homes strategically to sell, buyers have a renewed sense of confidence and, of course, those low mortgage interest rates all come together to create a growing and conducive environment for Philly real estate. All you need to do to is walk the streets and see the many construction projects going on, from the high rise residential rental buildings in Center City to the lot at 18th and Lombard breaking ground on 11 (yes, 11!) new town homes with parking (yes, parking!) to the vacant lots of Graduate Hospital being built up every day, the proof is in the pudding.

And the proof is below, too. Please find a link to the latest Chairman’s Report for Fall/Winter 2012, as well as the Weekly Trident Mortgage Interest Rate Sheet. These are great tools for you to stay up-to-date on your local real estate market, and perhaps beg the beg the question: is it time for you to make a move? If so, even just with a simple question, don’t hesitate to contact me directly.

Chairman’s Report, Fall/Winter 2012. Southeastern PA

Trident Mortgage Interest Rate Sheet as of October 27, 2012


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