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New Philadelphia Rental Property Lead Certification Law

Philly Rentals

Beginning October 1, 2020, landlords in Philadelphia will be required to test and certify rental properties as lead-safe or lead-free in order to A) execute a new or renewed lease or B) receive or renew a rental license.  The requirement applies to all residential properties, but it will be phased in by zip code over…

Renovation of Historic Steel Heddle Building, in Nicetown, Represents Revitalization of Former Industrial District

Nicetown is a neighborhood in upper North Philadelphia that is a gateway to the unique neighborhoods of Northwest Philadelphia. It is a heavily industrial neighborhood and has many vacant factory buildings, particularly on and near Allegheny Avenue. There has been some revitalization on Allegheny Avenue just west of Broad Street, including a renovation of an…

Is the Housing Market Correcting?

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that…

New Apartment Tower to Rise Near Rittenhouse Square Park

Rittenhouse Square continues to develop into Philadelphia’s premier upscale high-rise residential neighborhood. Recently, the almost 50-story Laurel luxury apartment and condominium tower was built, with residents moving in soon. Another 30-story luxury apartment tower is starting construction on Samson Street and several shorter high-rise residential towers are underway, planned, or just finished in the neighborhood….

Why Summer Is a Great Time To Buy a Vacation Home

You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start thinking about your plans and where you want to spend your vacations this year….

New Apartment Building on Chestnut Street Adds to Walnut Hill’s Revitalization

Walnut Hill is a very busy neighborhood in West Philadelphia’s University City neighborhood. It has many older apartment buildings and some commercial buildings. The neighborhood has been popular with college students and working class people alike. In recent years, new development has been occurring along Chestnut Street, with several new apartment buildings under construction or…

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began, many experts were…

Long-Awaited Development is Finally Coming to Large Vacant Lot in Francisville

Francisville is an interesting neighborhood. It is the oldest neighborhood in North Philadelphia, and so its thin streets correspond to diagonal Ridge Avenue. When Philadelphia’s street grid was extended north of Center City, it created many confusing intersections and many wedge-shaped blocks in Francisville. This created a unique looking neighborhood, albeit one that is a…

What You Need To Know About Selling in a Sellers’ Market

Even if you haven’t been following real estate news, you’ve likely heard about the current sellers’ market. That’s because there’s a lot of talk about how strong market conditions are for people who want to sell their houses. But if you’re thinking about listing your house, you probably want to know: what does being in…