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What Does the Rest of the Year Hold for Home Prices?

Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason why is that record-low…

New Apartment Building on Chestnut Street Brings Residential Units and Community Uses

Chestnut Street continues to experience massive new development of apartment buildings. These new buildings are replacing shopping centers, vacant lots, parking lots, and sometimes smaller buildings. One site, at 4240 Chestnut Street, had a vacant lot next to a small building, which used to be twin homes. The small building, which was rather dilapidated, has…

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…