Philadelphia Real Estate News
Real Estate news for Philadelphia, PA continually updated from thousands of sources.
12 hrs ago | via NBC Philadelphia
For the last 15 years, William Friedrich's family has made a lot of memories living in their South Jersey home. "It's not so much me but it's my kids. Comment?
Tuesday Jun 30 | via Business Journal
Liberty Property Trust has been working for about a year on plans for a new building at the South Philadelphia site. Liberty has 1.25 million square feet at the Navy Yard that is fully leased and, at the same time, has 400,000 square feet of prospects that have shown an interest in relocating to the campus overlooking the Delaware River. Comment?
Friday Jun 26 | via Philly.com
Recently here in the Real Estate section, I've been looking at issues that listing agents say can make selling a house more difficult. Today's buyers want properties in move-in condition and hang on every word of a home inspector's report, even if it's something as weird as - as a Cherry Hill seller told me - "the house has dated wallpaper." Comment?
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?
Thursday Jun 25 | via Business Journal
Habitat for Humanity's ReStore is "Five Below meets Home Depot" and one is coming to Point Breeze this Friday. The 17,000-square-foot store - located at 23rd and Washington streets in what a former Asian grocery store - will sell new and used furniture, home goods, appliances, building supplies and other household items. 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?
6 min ago | via RTE.ie
Blue Insurance is expanding and expects to add 100 new jobs over the next two years. The insurer is increasing the range of profits it offers and is also pushing into new international markets including the UK, Australia and the US. Comment?
7 min ago | via Iol.co.za
Britain's top share index headed for its worst weekly drop in a month on Friday, with miners slipping on a slowdown in China and banks falling after Brazil said it was probing some global lenders' currency market activity. The UK banking index fell 0.8 percent on news that Barclays, HSBC, Royal Bank of Scotland and Standard Chartered, were among those under investigation on suspicion of rigging the Brazilian currency. Comment?
7 min ago | via Iol.co.za
A top euro zone share index was set for its biggest weekly fall this year on Friday, with focus on a crucial vote in Greece over its debt negotiations at the weekend. The euro zone Euro STOXX 50 was on track for its worst week since December, down 4.2 percent since last Friday's close, and flat on the day at 3,463.57. Comment?
16 min ago | via South China Morning Post
With the rejection by the legislature of the proposed election reform plan, Hong Kong faces a prolonged period of political stalemate and economic uncertainty. Yet even without this political blow-up, last year's Umbrella Revolution was already a clear manifestation of people's long-standing discontent with what they perceive as an unresponsive and unrepresentative government, which they blame for several economic and social "fault lines" that have deeply affected their livelihoods. Comment?
22 min ago | via Daily Mail
Mortgage borrowers could save up to A 1,000 by opting for a fee-free mortgage over some of the lowest rates on the market, according to Moneyfacts. Data from Moneyfacts has revealed that the number of fee-free deals has increased more than four-fold, from 220 to 902 in the past five years. Comment?
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