April 16, 2014 |
First-quarter average home values in Philadelphia declined 4 percent from the last three months of 2013 as the city's real estate market recovery continued to experience "fits and starts," economist Kevin Gillen, who tracks the market, said Monday. In his analysis of home sales recorded during the first quarter, Gillen, senior consultant at the University of Pennsylvania's Fels Institute of Government, said the recovery has been "unevenly - and inequitably - spread across" the city's neighborhoods.
April 9, 2014 |
Barbara L. Greenfield, 82, a grand dame of Philadelphia real estate and a tireless worker for civic causes, died Sunday, April 6, of cardiovascular complications at her Philadelphia home. During a career that spanned 50 years, Mrs. Greenfield was one of the leading real estate sales and listing agents for high-end residential properties in Center City. She started out as a broker for Greenfield Realty Co., the firm founded by her late husband, Albert M. Jr. Later, she moved to Albert M. Greenfield & Co., founded by her father-in-law and now operated by her oldest son, Albert M. III. Both firms are in Philadelphia.
March 30, 2014 |
It was an Easter Sunday in the late 1990s that happened to fall in April, a couple weeks after the old start of daylight saving time. The day was dark and cloudy, and it began snowing heavily about 7 p.m. "That's the good thing about daylight savings time," my wife said, looking out the living room window. "There's now enough light to see the snow falling. " It had been a bad winter that year - though not as bad as the one that officially just ended. Coming off two very mild winters made this winter worse, especially for real estate agents and builders.
March 3, 2014 |
A visitor was asking Toll Bros. CEO Douglas Yearley about the location of property in another state. Instead of trying to describe it, Yearley called to his assistant and asked her to get Google Earth up and running in the conference room where he and the visitor were sitting. In an instant, Yearley was able to click his mouse a couple of times, and the location, including a tennis court, was clearly in view - yet another example of how technology has transformed, and continues to change, the way builders and real estate agents do business day to day. Obviously, as marketing director George Polgar of Local Development Co. in Northern Liberties emphasized, finding and acquiring locations for residential, commercial and industrial development "still requires a street-level knowledge of places where growth is likely.
February 28, 2014 |
Generous to a fault, Edward Aaron Rab would frequently leave his dentistry office with baskets of peaches in his arms. "A lot of his clients were farmers," son Gary said. "Often they couldn't pay their dental bills, so they worked out some sort of barter system. They'd pay him in produce. " Dr. Rab, 89, of Lindenwold, a World War II veteran, dentist, and real estate developer, died Saturday, Feb. 22, of dementia in Boca Raton, Fla., to which he retired in 2012. Born inside a Philadelphia trolley car in 1924, he spent the 1930s in Lakewood, N.J., where his father owned a military-surplus store.
February 19, 2014
WHO NEEDS to sell CDs and downloads when you can strike gold in a real-estate deal gone bad? The New York Post 's Page Six reports that popstress Rihanna has won a multimillion-dollar settlement after some lousy advice from her former accountant left her with a mere $2 million in cash on hand. Filing suit under her real name, Robyn Fenty, in 2012, the singer claimed that bean counter Peter Gounis and the firm Berdon LLP okeydokey'd her purchase of a $7 million Southern California house despite the fact that she was "bleeding cash" in 2009, the year the deal was closed.
February 16, 2014 |
You want to sell your house. What must you do first? Call Uncle Joe, an excellent plumber and avid HGTV fan, to get his opinion on your house's value. Surf the Web for the names of three Realtors. Choose one who will list your home at the highest price, with assurances that he'll keep it there if you insist. Do your homework on which questions you should ask a Realtor. Then call a non-invested professional, such as your accountant or financial adviser, for three names. And interview them.
February 15, 2014 |
Lawrence Lee, 54, of Gloucester Township, who retired as a real estate agent in Marlton in 2002, died of kidney failure Tuesday, Feb. 11, at home. A 1977 graduate of Central High School in Philadelphia, Mr. Lee earned a bachelor's degree in political science at Temple University in 1981 while working in restaurants to pay for his education. "He had worked in the restaurant business from when he was a small child," always, as the saying goes, "at the front of the house," his son, Lawrence Jr., said.
February 8, 2014 |
Jack R. Loew, 66, of West Chester, a suburban real estate developer and philanthropist, died Wednesday, Jan. 29, of brain cancer at his home. Mr. Loew spent the early part of his career designing and manufacturing interior cabins for passenger trains. But he wanted to do something community-based. So he focused on the acquisition and development of land, and in 1976 founded Hough/Loew & Associates, which at first offered design-to-construction services. "It was one-stop shopping," said his wife, Patricia Burton Loew.
January 12, 2014 |
Lovers of real estate metrics, you're going to need a bigger hard drive. Yet another index is now available, this one gauging the so-called real estate health of 30 major American cities. Zillow's newly released Market Health Index (see it at http://goo.gl/t9RdKd ) also allows the prospective home buyer to peek at the market condition of a particular neighborhood, by zip code. Zillow looks at an area's health through the prism of 10 economic factors, including the number of foreclosures, the number of days houses spend on the market, sale prices, the extent of delinquency, and so on. Then, after combining those factors, Zillow ranks the cities against one another on a scale of 1 to 10. It does the same for the neighborhoods.