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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…
Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years…
What you pay for your apartment, and how much you get for what you pay, depends a great deal on your negotiation and deal-finding skills. However, before you negotiate anything, you must decide what you are looking for in your rented space. Read on for six straightforward steps to help you find an apartment for…
The spring housing market has been surprisingly active this year. Even with affordability challenges and a limited number of homes for sale, buyer demand is strong, and getting stronger. One way we know there are interested buyers right now is because showing traffic is up. Data from the latest ShowingTime Showing Index, which is a…
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up. But the data clearly shows today’s market is very…
A 149-unit apartment project is being proposed along Spring Garden Street, adding to a stretch of new development around the North Broad corridor. The eight-story, 98,700-square-foot building at 1314 Spring Garden St. would be built using modular construction. In addition to apartment, plans include 1,600 square feet of ground-floor retail space. The developer on the…
Choosing whether to rent or buy has never been a simple decision — and this ever-changing housing market isn’t making it any easier. With surging mortgage rates, record rents and home prices, a potential economic downturn and other lifestyle considerations, there’s so much to factor in. “This is an extraordinarily unique market because of the…
Have you been saving up to buy a home this year? If so, you know there are a variety of expenses involved – from your down payment to closing costs. But there’s good news – your tax refund can help you achieve your goals by paying for some of these expenses. SmartAsset estimates the average…
Philadelphia — and all of Pennsylvania — legislators said, there are currently no meaningful protections to keep renters from facing drastic rent hikes. City Council is working to learn about how to protect city residents On Wednesday, March 15th, council’s committee on housing, neighborhood development, and the homeless held a hearing which allowed Philadelphia’s local…
A new apartment complex that is set to be developed by Saxum Real Estate in Northern Liberties has just had the financial backing for its construction secured. The developers are set to receive a floating rate loan over the course of three years, which was provided by a life insurance company based in the United…
South of the Rail Park in the Callowhill neighborhood, a lot planned to be used for an upcoming apartment has recently been sold for $7.9 million. The 0.46 acre lot is located at 1201-15 Callowhill St and was sold to a currently undisclosed buyer, which was described by seller representatives as a “regional qualified opportunity…
Owning a home is a keystone of wealth… both financial affluence and emotional security.