Real Estate Ramblings

By
Real Estate Agent - US Spaces, Inc.
RECENT BLOG POSTS
We're supposed to be headed out of the great recession right? The worst of the housing market is behind us right? That's the general story coming from the media lately, and to a large extent I agree. Foreclosure rates are gradually creeping down in most areas as banks streamline their systems for...
07/28/2010
According to this article in today's Philadelphia Inquirer, there is some Miami/Vegas style drama going down with yet another Philadelphia condo building. This time the financial distress involves the highly visible, newly constructed 10 Rittenhouse Square building that's still receiving finishin...
07/20/2010
Powelton Village and Northern Liberties are two neighborhoods that are very popular with many buyers in Philadelphia, especially first-time buyers and those looking for a real sense of community within the city. This weekend is a great time to get to know either neighborhood and hear some great m...
07/16/2010
According to this article purchase-money (as opposed to refinance) mortgage applications last week were at their lowest level since December of 1996. If you just woke up from a five year nap and read that you might think interest rates had soared up to the double-digits, but surprise, interest ra...
07/14/2010
I received an email today from INGDirect touting a new mortgage product that they're offering. It's not for everyone, but for the right buyer it could be a sweet deal. The basic terms are as follows: 5 year loan term, with option to extend for 5 more years at then current rates 30 year amortizati...
06/17/2010
I've noticed asking prices coming down more aggressively than usual on properties throughout Philadelphia over the past month. I think this is largely due to the expiration of the homebuyer tax credit which caused a lot of buyers to rush to get their deal done in April, leaving a dearth of buyers...
06/14/2010
I just listed a beautifully rehabbed home in West Philadelphia - very close to Boys Latin Charter School, Mercy Hospital, and the Baltimore Ave. trolley. Check out the video tour below and give me a call to set up an appoitment:
06/14/2010
New York-based developer Jonathan Rose Companies is joining with local non-profit Asociacíon Puertorriqueños en Marcha to develop a 200,000 square foot mixed-use development near the Temple University transit center at 10th & Berks in North Philadelphia. According to this Philadelphia Business Jo...
06/07/2010
In today's inquirer, there was a bit of good news from the worlds of Philadelphia weather, politics, and banking - how often do you get that triumvirate? Just as temperatures are starting to regularly hit the high 80s & low 90s First Niagara Bank, which recently acquired Harleysville National Ban...
06/03/2010
James Yoakum | Brown McKinney Real Estate | 215-825-2250 5714 Rodman St., Philadelphia, PA Rehabbed House for Sale on a Lovely Block of West Philly 3BR/1BA Single Family House offered at $89,900 Year Built 1925 Sq Footage 1,112 Bedrooms 3 Bathrooms 1 full, 0 partial Floors 2 Parking None Lot Siz...
06/03/2010
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JamesYoakum

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Observations from my work in the wide world of real estate with a frequent focus on the Philadelphia market.