Real Estate Ramblings

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Real Estate Agent - US Spaces, Inc.
RECENT BLOG POSTS
Brown McKinney Real Estate James Yoakum - (267) 496-7739 Office Property For Sale Germantown Boutique Office - 3,150 SF - REO 324 E. High St., Philadelphia, PA 19144 Price:$325,000Building Size:3,150 SFPrice/SF:$103.17Property Type:OfficeProperty Sub-type:Office BuildingAdditional Sub-types:Medi...
02/02/2010
Brown McKinney Real Estate James Yoakum - (267) 496-7739 Industrial Property For Sale Germantown Office+Warehouse 21,400sf! 16-26 E. Wister St., Philadelphia, PA 19144 Price:$295,000Building Size:21,404 SFPrice/SF:$13.78Property Type:IndustrialProperty Sub-type:Flex SpaceAdditional Sub-types:War...
02/02/2010
Brown McKinney Real Estate James Yoakum - (267) 496-7739 Residential Income Property For Sale South Philly Rental Package 2015-17 Croskey St., Philadelphia, PA 19145 Price:$119,800Building Size:2,240 SFPrice/Unit:$119,800Property Type:Residential IncomeProperty Sub-type:Single-Unit (SFR/ Condo)P...
02/01/2010
Fannie Mae has pulled out all the stops when it comes to selling the properties it ends up with on it's books. Along with the established Homepath mortgage program it is now offering 3.5% of purchase price to home-buyers to help cover closing costs or to purchase new appliances. You can read more...
01/30/2010
One of the awesome local mortgage lenders that I work with emailed me today with an update on a great mortgage program he has for first time buyers. For first time buyers with annual income under $60,000 he offers a 30-year, fixed-interest-rate FHA loan with a 4.25% interest rate and zero points!...
01/26/2010
In a bit of good news for Philadelphia property owners and investors, the BRT today announced a moratorium on property tax reassessments for most Philadelphia properties through at least the 2011 tax year. This means that Philadelphia property owners can plan on their current (often very low rela...
01/26/2010
If you've talked to me about real estate investing over the past couple years I've probably advised you that trying to 'flip' houses for a quick profit in today's market is super risky. Most of this risk comes from the fact that even if you buy the property at a great price, execute a beautiful r...
01/24/2010
According to this article on Realtor.org Philadelphia ranks seventh on a list of cities where it makes sense (financially) to buy instead of rent. The list was compiled by Forbes magazine and looks at ownership costs as compared to rental costs, as well as estimates of housing appreciation over t...
01/24/2010
According to this article the Federal Housing Administration is tightening the requirements for borrowers of FHA guaranteed mortgages. The changes will especially impact borrowers with lower credit scores as the minimum down-payment for those with less than a 580 credit score rises from 3.5% to 1...
01/20/2010
According to this Philadelphia Inquirer article Philly has been awarded an additional $44 million in federal stimulus funding to be used for neighborhood stabilization programs. These funds can be used for rehabilitating or demolishing vacant buildings or providing subsidized financing to homeown...
01/15/2010
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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.