Reid Rosenthal's (rittenhouserealtor) Blog

July Pending Home Sales Index© Shows Increase in Greater Philadelphia Region Real Estate Activity   DEVON, PA – September 9, 2008 – The Greater Philadelphia region* saw a 9.1 percent increase in July real estate activity moving to an index of 73.34 from the upwardly revised June index of 67.21, ...

U.S. Stocks Jump, Joining Global Rally, on Fannie, Freddie Plan By Elizabeth Stanton Sept. 8 (Bloomberg) -- U.S. stocks climbed the most in a month, adding to a rally across Europe and Asia, as the government takeover of Fannie Mae and Freddie Mac improved the outlook for a global financial syste...

Philadelphia needs alot more outspoken critics highlighting the "Almost good enough" mentality that sets apart first class cities from our almost first class city.  The article below explains one aspect of what I mean.  Changing Skyline: A Wal-Mart of a penthouse atop an art deco tower By Inga Sa...

Home sales down in Philadelphia area, up for U.S. By Alan J. Heavens Inquirer Real Estate Writer Sales of existing homes fell locally and nationally in July from July 2007, although a month-to-month bump-up resulting from booming foreclosure sales in the West gave housing-industry officials some...

According to the Prudential Fox & Roach HomExpert Market Report, the 12-county Greater Philadelphia Region median sale price decreased 1.7 percent to $230,000 in second quarter of 2008 compared to $234,000 in second quarter of 2007. The median home sale price in first quarter 2008 was $215,000.  ...

  DEVON, PA – August 7, 2008 – The Greater Philadelphia region* saw a 2.3 percent decrease in June real estate activity moving to an index of 66.81 from the upwardly revised May index of 68.37, according to The Prudential Fox & Roach, REALTORS® HomExpert Pending Home Sales Index©. June’s decrease...

Unisys Corp. is relocating its corporate headquarters to Center City Philadelphia, having secured a lease on 90,000 square feet at Two Liberty Place. Unisys, an information technology service provider, had been evaluating its options for more than a year, deciding ultimately to move 225 of its c...

Condo market expected to be stable By ALAN J. HEAVENS The Philadelphia Inquirer   PHILADELPHIA --  Here's something almost everyone knew before today, but let's make it official: The majority of condo buyers are looking not just for a home, but for a lifestyle.   It's not that lifestyle doesn't ...

ARTICLE WAS ENTITLED " BEST PLACES TO BUY A HOME"   Coast-to-Coast Sweet Spots Philadelphia landed at No. 4, with homes appreciating by 9.1% in the last two years and vacancy rates staying low at 1.9%. This university town, which plays host to the University of Pennsylvania, certainly has its cha...

72% of Homebuyers and Sellers Say "It's a Good Time to Buy" in the Greater Philadelphia Market, According to a Prudential Fox & Roach, REALTORS® Survey Recognizing National Homeownership Month   Other findings include: Nearly 50 percent believe that the Greater Philadelphia real estate market is ...