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BUSINESS
April 26, 2012 | By Alan J. Heavens, INQUIRER REAL ESTATE WRITER
The Philadelphia metropolitan area saw first-quarter foreclosure filings soar by nearly 33 percent over levels for the same period last year, RealtyTrac, which monitors such activity nationwide, reported Thursday. The total number of filings, 8,582, includes default, auctions and bank-owned repossessions in the city and its seven suburban counties, as well as in New Castle County, Del.; Cumberland and Salem Counties in New Jersey, and Cecil County, Md. Of those filings, 1,189 were repossessions of houses by lenders and institutions such as Fannie Mae, RealtyTrac said.
NEWS
March 25, 2016 | By Caitlin McCabe and Justine McDaniel, STAFF WRITERS
The Philadelphia metropolitan region is lagging well behind the rest of the nation in population growth, new census numbers show. In the last five years, Philadelphia and its neighboring counties have lost tens of thousands of residents, but birthrates and an influx of immigrants have resulted in modest population increases. Still, the Philadelphia metro area - No. 4 a decade ago - has fallen to No. 7 in the U.S. population rankings, surpassed this year by Washington. If current rates continue, Philadelphia is set to drop even further within the next five years, overtaken by Miami and Atlanta.
NEWS
July 17, 2014 | BY DYLAN SEGELBAUM, Daily News Staff Writer segelbd@phillynews.com, 215-854-5917
TO AFRICAN grocery store owner Musa Kromah, who immigrated to the United States 11 years ago to escape civil war in his native Liberia, Philadelphia is "well-known" back in his home country. In fact, he said, "all Liberians" have family members in the city. Greater Philadelphia has the largest Liberian population of any U.S. metro area, according to a November 2008 report from the Brookings Institute think tank. Recent U.S. Census Bureau five-year estimates put the number of people of Liberian ancestry in Philadelphia at 3,769, though community leaders estimate that the numbers are over 5,000.
REAL_ESTATE
April 18, 2016 | By Alan J. Heavens, Staff Writer
In the early 2000s, as every Class B and C apartment and office building was being converted to condos, suggestions that some people might prefer renting brought complaints from Realtors and home builders. That was the "Buy Now, Maybe Pay Later" housing boom, during which the multifamily rental industry began calling its inventory "apartment homes" as a way of competing. So one morning in early September 2007, we awoke to find that we were overstocked with houses and condos that no one could afford and not enough apartments to accommodate the corresponding increase in renters.
LIVING
January 11, 1995 | By Murray Dubin and Neill A. Borowski, INQUIRER STAFF WRITERS This story contains information from the Associated Press
Thirty percent of all American families - and 63 percent of the nation's black families - are headed by single parents, a great many of whom live in the city of Camden, the New York metropolitan area and Albany, Ga. Those three places are not often attached to one another in the same sentence, but all share a high percentage of single-parent households with children under 18. In fact, if all households with children under 18 are counted in...
BUSINESS
April 21, 2016 | By Alan J. Heavens, REAL ESTATE WRITER
Positive economic trends and faster-paced household creation in the first quarter kept the Philadelphia area's rental-apartment sector producing "solid results" for property owners, real estate investment services firm Marcus & Millichap reported Tuesday. Rents in the region were increasing "modestly and consistently," the firm said, while vacancy rates will fluctuate in a tight range this year. Marcus & Millichap cited persistent and exceptional "demand-side dynamics" in the market, with several years of employment growth creating a "large pipeline" of current and potential renters.
NEWS
August 11, 2010
Home prices continued to firm up in the -quarter, with 100 of 155 metropolitan areas tracked by the National Association of Realtors showing increases over the same period in 2009, the trade group reported today. The Philadelphia metro area, to which the association adds Wilmington and northern Maryland, saw prices drop 2.9 percent, to $188,000 from $194,500. This reflects the effects of the recent tax credit, which saw lower-priced houses move more quickly. Second-quarter sales, tracked by state only, showed a 33.3 percent gain over the 2009 period in Pennsylvania, and a 29.9 percent gain in New Jersey.
NEWS
September 28, 2012 | By Frank Kummer, Breaking News Desk
The downtowns of many of the nation's biggest urban areas - including Philadelphia - saw double-digit population growth from 2000 to 2010, according to a new Census report. The numbers also show a reversal of sorts as younger, white, Non-Hispanics seem to be the drivers of the trend. The report released today shows that downtowns, defined as areas within two miles of a city hall, have been driving population growth in metropolitan areas with more than 5 million people. Both The Philadelphia Inquirer and Daily News have written stories documenting the trend locally.
BUSINESS
July 15, 2016 | By Lauren Feiner, Staff Writer
When public transit is down, Uber swoops in to save the beleaguered commuter, spending millions to increase its coverage area. The app-based ride service insists its efforts to do so in Philadelphia are noble. But experts point out that helping SEPTA while a third of its Regional Rail fleet is down is also a savvy marketing tactic that attracts new customers to Uber. "This is a very shrewd business move on Uber's part," said economist Giacomo Santangelo, a lecturer at Fordham University.
NEWS
March 15, 2013 | By Dylan Purcell and Karie Simmons, Inquirer Staff Writers
In recent years, Marina Marx has watched Philadelphia grow, and she knows why. A manager of Honey's Sit 'n Eat restaurant in Northern Liberties, she said business is good thanks to the increased foot traffic. She credits the entertainment options: "There's art, culture, great food, and places to see a show. " Census estimates released Thursday show that Philadelphia's population continues to grow. In 2012, the city added 9,040 people, the sixth consecutive year of growth. Since the official census count in May 2010, the city has added an estimated 21,601 people for a total of 1,547,607.
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ARTICLES BY DATE
BUSINESS
July 15, 2016 | By Lauren Feiner, Staff Writer
When public transit is down, Uber swoops in to save the beleaguered commuter, spending millions to increase its coverage area. The app-based ride service insists its efforts to do so in Philadelphia are noble. But experts point out that helping SEPTA while a third of its Regional Rail fleet is down is also a savvy marketing tactic that attracts new customers to Uber. "This is a very shrewd business move on Uber's part," said economist Giacomo Santangelo, a lecturer at Fordham University.
NEWS
May 15, 2016 | By Carolyn Hax, Advice Columnist
Adapted from a recent online discussion. Question: I like to think of myself as a well-put-together person. I'm educated, have a good job, responsible, etc. But I'm starting to see signs that I'm just kidding myself. I dress well for my job, but rarely go through a day without spilling something on my tie. I also like to think of myself as a good person, but I have a very hard time making friends. My first impression on others is that I'm standoffish, when I'm really painfully shy. People who get to know me do like me, but very few take that much time.
NEWS
April 24, 2016 | By Sandy Bauers, For The Inquirer
Just how clean - or dirty - is the air we're breathing? For 17 years, the American Lung Association has been issuing State of the Air, an annual report card on the air of the nation's major metropolitan areas. It focuses on two common pollutants: ozone and particulate matter. The latest report, based on air monitor readings and other data from 2012 through 2014, was released Thursday. The news for our region - including Southeastern Pennsylvania and portions of central and South Jersey - was both good and bad. In short, the air quality is improving, but it's still not good enough.
BUSINESS
April 21, 2016 | By Alan J. Heavens, REAL ESTATE WRITER
Positive economic trends and faster-paced household creation in the first quarter kept the Philadelphia area's rental-apartment sector producing "solid results" for property owners, real estate investment services firm Marcus & Millichap reported Tuesday. Rents in the region were increasing "modestly and consistently," the firm said, while vacancy rates will fluctuate in a tight range this year. Marcus & Millichap cited persistent and exceptional "demand-side dynamics" in the market, with several years of employment growth creating a "large pipeline" of current and potential renters.
REAL_ESTATE
April 18, 2016 | By Alan J. Heavens, Staff Writer
In the early 2000s, as every Class B and C apartment and office building was being converted to condos, suggestions that some people might prefer renting brought complaints from Realtors and home builders. That was the "Buy Now, Maybe Pay Later" housing boom, during which the multifamily rental industry began calling its inventory "apartment homes" as a way of competing. So one morning in early September 2007, we awoke to find that we were overstocked with houses and condos that no one could afford and not enough apartments to accommodate the corresponding increase in renters.
BUSINESS
April 9, 2016 | By Alan J. Heavens, REAL ESTATE WRITER
It's spring, and though it's been a cold one, it's still the season when a young person's fancy might turn to thoughts of baseball. And, perhaps, to residential real estate. In another of its periodic looks at cities with major-league baseball teams, Trulia, the real estate search engine, again maintains that neighborhoods around ballparks have higher home values, although those values vary widely based on stadium location within the cities. Trulia's most recent glimpse into property values found that the areas within a mile of 18 of the 29 U.S. ballparks had higher median home values than the cities in which they are located overall.
NEWS
March 25, 2016 | By Caitlin McCabe and Justine McDaniel, STAFF WRITERS
The Philadelphia metropolitan region is lagging well behind the rest of the nation in population growth, new census numbers show. In the last five years, Philadelphia and its neighboring counties have lost tens of thousands of residents, but birthrates and an influx of immigrants have resulted in modest population increases. Still, the Philadelphia metro area - No. 4 a decade ago - has fallen to No. 7 in the U.S. population rankings, surpassed this year by Washington. If current rates continue, Philadelphia is set to drop even further within the next five years, overtaken by Miami and Atlanta.
BUSINESS
August 28, 2015 | By Paul Nussbaum and Jason Laughlin, Inquirer Staff Writers
For motorists stuck in traffic on the Schuylkill Expressway or I-95, it may be of little comfort, but highway congestion in the Philadelphia region isn't as bad as it is in many other urban areas. The latest data in an annual "urban mobility scorecard," compiled by national researchers, shows that the Philadelphia metro area ranks 22d in yearly delay per commuter, 25th in slow-moving rush-hour traffic, 26th in congestion cost per commuter, and 18th in excess fuel used because of congestion.
NEWS
September 19, 2014
THE U.S. CENSUS released figures this week that show that the national poverty rate has decreased for the first time since 2006. Don't rush to plan a victory parade, though. The percentage of people in poverty has dropped slightly, but the implications are more mathematical than practical: Median household income has remained the same, and the number of those in poverty in 2013 - 45.3 million - is about the same as the year before. And worse news: The percentage of people living below the poverty level in the Philadelphia metro area rose slightly from 2010 to 2013, from 12.7 percent to 13.5 percent; poverty rates in the city fell slightly.
NEWS
July 17, 2014 | BY DYLAN SEGELBAUM, Daily News Staff Writer segelbd@phillynews.com, 215-854-5917
TO AFRICAN grocery store owner Musa Kromah, who immigrated to the United States 11 years ago to escape civil war in his native Liberia, Philadelphia is "well-known" back in his home country. In fact, he said, "all Liberians" have family members in the city. Greater Philadelphia has the largest Liberian population of any U.S. metro area, according to a November 2008 report from the Brookings Institute think tank. Recent U.S. Census Bureau five-year estimates put the number of people of Liberian ancestry in Philadelphia at 3,769, though community leaders estimate that the numbers are over 5,000.
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