July 30, 2013 |
Jackson Grim Denton, 101, a real estate executive, died Saturday, July 20, of pneumonia at the Quadrangle, a retirement community in Haverford. For many years, he lived in Wynnewood. As a young man, Mr. Denton had suffered from poor health, said his son, Jackson Grim Denton Jr., and he learned to take care of himself. "He never smoked, he never drank, and he walked everywhere. A car was something you used when you couldn't walk there. He never ate sweets," his son said. He said his father was healthy until a month ago. Mr. Denton spent his entire business career with Provident Mutual Life Insurance Co., retiring in 1973 as associate manager of the mortgage and real estate department.
July 26, 2013 |
A real estate auction held Wednesday for the Archdiocese of Philadelphia and several of its parishes had mixed results. The sale run by Max Spann Real Estate & Auction Co. raised $995,000 for parishes in Philadelphia and Montgomery County, including $330,000 for the former St. Michael Business School near Second and Jefferson Streets in Kensington. Msgr. John J. Miller, parochial administrator for St. Michael Parish, said he was pleased with the price and said the parish, which was founded in 1831 by the first wave of Irish immigrants, would use the money for repairs on other buildings it owns.
July 22, 2013 |
As I go from town to town, neighborhood to neighborhood, the one complaint I hear from every real estate agent is that there are not enough houses for sale. Of course, they're talking about houses for sale that people want to buy. There are houses on the market that are overpriced or need lots of work. These are the ones that sit much longer than the typical 90 or so days that statistics show as the median on-market period for houses in the eight-county Philadelphia region. One factor tamping down the amount of sellable inventory can be attributed to the housing bubble.
June 29, 2013 |
This is one wildlife video that probably won't turn up on Animal Planet any time soon. Police in Lower Merion say a security camera captured footage of two Main Line real estate agents tossing dead mice and snakes onto the yard of their next-door neighbor's $1 million house on Booth Lane - part of an alleged plot to sabotage its sale because their house is also on the market. Jonathan and Andrea Straub, who sell multimillion-dollar homes for Prudential Fox & Roach, were also caught on video cutting branches off trees, knocking over "For Sale" signs, and otherwise vandalizing the property, according to police, who cited them for disorderly conduct and harassment.
June 16, 2013 |
I'm constantly bombarded by e-mail from out-of-town experts regarding this region's real estate market. A recent missive was from CoreLogic Case-Shiller, which had been two separate animals until the first acquired the second. According to the e-mail, average home prices in metropolitan Philadelphia fell 1.3 percent in fourth quarter 2012 from the same period in 2011. By the end of 2013, it said, home prices are expected to rise 2.7 percent. A third factoid: Home prices in this region fell 8.2 percent from fourth quarter 2009 to the same period of 2012.
June 13, 2013 |
Wilbur C. Henderson Jr., 89, a real estate developer and longtime Folcroft resident, died of natural causes Saturday, June 8, at Plush Mills Senior Living, Wallingford. He was president and CEO of the Henderson Group Inc., a commercial and industrial real estate developer in Delaware County with offices in Media and Melbourne, Fla. Mr. Henderson was the second generation to head the Henderson Group, which was founded by his father, Wilbur Henderson Sr., in 1923. The firm's first job was to fix a door, and a light fixture, at a home in Philadelphia, according to company lore.
June 7, 2013 |
Springtime and a reviving economy may send you house hunting. If they do, there are plenty of smartphone applications to streamline your search. The following apps are free, and most will put you directly in touch with listing agents. The Realtor.com app, by Move Inc. for Android and Apple, is tuned for families in search of homes in a school district of choice, or in an individual school's neighborhood. In the app, select a location, find the school marked on the screen map, and tap to view the school's catchment area so that you'll see the available properties within that area.
June 3, 2013 |
Sell 'em if you got 'em. Six words that sum up today's newly reinvigorated residential real estate market in the eight-county Philadelphia region. Sales volume is up, and desirable houses are attracting multiple offers, local brokers and agents report. In many municipalities and certain city neighborhoods, low supply of available homes is driving prices up. All of which signals a strength, here and across the country, not seen since the U.S. housing market went bust nearly seven years ago, taking the wider economy down with it. Houses are suddenly selling so quickly, there is a shortage, said Kit Anstey, of Prudential Fox & Roach in West Chester.
May 20, 2013 |
I've grown fond of "Town by Town," the Sunday Business section feature, not only for what it contributes to my understanding of local real estate but also for the ways it expands my knowledge of other things. For example, predictions of the death of mom-and-pop real estate firms have been exaggerated greatly. Virtually every one of the communities and neighborhoods I've highlighted these last six months has at least one of these supposedly deceased businesses. Starting in the early to mid-1990s, there was a rash of acquisitions of smaller firms by larger ones, and predictions were that only "boutique" firms - those specializing in a certain kind of real estate (condos, for example)
April 30, 2013
D EAR HARRY: We are going to move to a retirement community this summer. Reluctantly, after 47 years, we are selling our lovely home. The problem we are facing is one of choosing a broker to represent us on the sale. The house is a semi-custom one we had built with small modifications to a builder's plan. Similar homes in the area recently have sold for about $225,000. Can you please tell us what we should look for in a real-estate broker? WHAT HARRY SAYS: The market in real estate has shown some renewed vigor in the last year.