Pennsburg Real Estate News
Real Estate news for Pennsburg, PA continually updated from thousands of sources.
Thursday Jun 25 | via Philly.com
The U.S. Court of Appeals for the Third Circuit heard arguments Thursday that could clear the way for Pennsylvania counties to reap tens of millions of dollars from the banking industry's mortgage-registry system. A federal judge in Philadelphia ruled last June that the registry, known as MERS, used its members-only database to illegally circumvent county recorders' offices. Comment?
Friday Jun 5 | via Patch.com
The rebounding economy is literally leaving some low wage earners out in the streets, according to a new report examining a paradox that is affecting some 21 million Americans - the 30 percent of the workforce who work near-minimum-wage jobs . In its study, "Out of Reach 2015," the National Low Income Housing Coalition looked at regional differences in the hourly wage required to pay for a two-bedroom apartment, and plotted them on an interactive map. Comment?
Jun 1, 2015 | via Phillymag.com
Love him or hate him, Ori Feibush has been the best-known developer in South Philadelphia's Point Breeze neighborhood in recent years. Feibush, who lost last month's race for the 2nd District City Council seat , said he is no longer going to develop new homes or commercial properties. Comment?
Apr 16, 2015 | via PlanPhilly
Philadelphia's School Reform Commission voted on Thursday night to approve a tax-increment financing district for the area surrounding the Gallery mall on east Market Street that would save the mall's owners $55 million in property taxes over a period of 20 years. The TIF district is intended help finance the redevelopment of the mall, plans for which were detailed in an Inquirer article earlier this week. Comment?
Mar 13, 2015 | via Freshnews
FRASER, Mich., March 13, 2015 /PRNewswire/ -- zipLogix, a technology company helping real estate professionals improve productivity and efficiency, announced new and continuing contracts with five associations in metro Philadelphia. REALTOR "This strategic partnership will enhance the home buying experience for agents and buyers throughout Eastern Pennsylvania," said Peterson. Comment?
Friday Jun 26 | via The Morning Call
Local foreclosure rates hit a five-year low in April, but activity still remains higher than the national average at least partially because of a judicial process in Pennsylvania that can keep properties in limbo for nearly two years. The Allentown-Bethlehem-Easton region's rate, which measures the percentage of loans in some stage of the foreclosure process in Lehigh, Northampton and Carbon counties along with Warren County, N.J., fell to 2.66 percent in April, down from 3.13 percent one year earlier, according to data released Thursday by CoreLogic, a financial and real estate analytics firm. Comment?
Monday Jun 22 | via Insider Monkey
Long Pond Capital is a New York-based hedge fund led by John Khoury . Khoury, with a degree from Wharton School of Business at the University of Pennsylvania, applies a rigorous bottom-up approach to research and invests primarily in real estate investment trusts , and other real estate-related companies. Comment?
Thursday Jun 18 | via National Mortgage News
Housing and property data provider RealtyTrac reported 126,868 foreclosure filings last month, the highest level of activity in 19 months, driven mainly by bank repossessions and a 5% year-over-year increase in scheduled foreclosure auctions. According to the U.S. Market Foreclosure Report, foreclosure filings in May rose 1% from the previous month and saw a 16% year-over-year increase. Comment?
Wednesday Jun 17 | via Natl. Relocation & Real Estate
RealtyTracA recently released its May 2015 U.S. Foreclosure Market Reporta , which shows foreclosure filings-default notices, scheduled auctions and bank repossessions-were reported on 126,868 U.S. properties in May 2015, up 1 percent from the previous month and up 16 percent from a year ago to a 19-month high. The U.S. foreclosure rate in May was one in every 1,041 housing units with a foreclosure filing. Comment?
Tuesday Jun 16 | via Business Wire
As announced previously on December 15, 2014, under the terms of the Merger Agreement, LNB Bancorp Inc. shareholders will be entitled to elect to receive either 1.461 shares of Northwest Bancshares, Inc. common stock or $18.70 in cash for each common share of LNB Bancorp, Inc., subject to an overall allocation of exchanged shares into 50% cash and 50% stock. The companies expect to complete the merger on August 14, 2015, subject to the satisfaction of customary closing conditions. Comment?
16 min ago | via The City Wire
The historic Lane Hotel in downtown Rogers was purchased by the Walton family doing business as KLS Leasing. The new owners reportedly paid $1.6 million for the multi-story brick building located on the corner of East Poplar Street and 2nd Street in downtown Rogers. Comment?
51 min ago | via The Globe and Mail
Whether it's the stock market or the real estate market, Dorrie needs to think about why she is investing, for how long and what the prospects for an acceptable return over the holding period might be. Whether it's the stock market or the real estate market, Dorrie needs to think about why she is investing, for how long and what the prospects for an acceptable return over the holding period might be. Comment?
1 hr ago | via Vancouver Courier
The June tally is the highest monthly total on record after May 2005, when 4,334 sales were reported. Photo Dan Toulgoet The June tally is the highest monthly total on record after May 2005, when 4,334 sales were reported. Comment?
1 hr ago | via YoChicago
Illinois law bars licensed real estate agents from advertising property without written permission and bans the "use of URL, domain name, metatag, keyword or other device or method intended to deceptively direct, drive or divert internet traffic or mislead consumers." Kale Realty has been on our rental service do-not-call list for years, and I've previously called attention to the company's having employed an agent with multiple criminal convictions and another who appeared to be running a charity scam . Comment?
1 hr ago | via Waukesha
Summit Credit Union has added a new mortgage loan officer to its team. Bob Leblanc has joined the Waukesha branch, located at 1103 Spring City Lane in Waukesha. Comment?
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