May 30, 2015 |
Martin J. Reddington, 76, of Ambler, a Realtor who owned and ran several businesses, and a force in Democratic politics in Abington Township, died at home Sunday, May 24, from skin cancer. Born in Philadelphia to John and Mary McCafferty Reddington, he grew up in Ambler, Chestnut Hill and East Germantown, and graduated from St. John's High School and La Salle University. In 1957, he met Eileen Brennan at a church dance. The two were married in 1961. Mr. Reddington served in the Air Force, and was honorably discharged.
May 17, 2015 |
Most of us believe in second chances. If we didn't, no one would ever show up at a Phillies game. The second chance I'm talking about, however, is for someone who has lost his or her house as the result of foreclosure. It's been about nine years since the start of the U.S. foreclosure crisis, which peaked at 7.7 million houses in foreclosure in 2012. With the passage of the years, once-distressed homeowners with restored credit are reentering the housing market, even though damaged credit profiles and lender rules will greatly restrict the overall share of those eligible to buy. According to the National Association of Realtors, California, Florida, and Arizona, where the foreclosure crisis started, are expected to have the largest share of return buyers within the next decade.
April 17, 2015 |
IF YOU ARE a suburban real-estate agent doing tax-free business in Philadelphia, City Controller Alan Butkovitz is onto you. So pay up, buddy . . . or not. Apparently, the city's enforcement is kind of shabby. Butkovitz yesterday released a random review of suburban real- estate agents that found more than half didn't have a city business license or tax account. The noncompliant agents from Bucks, Montgomery and Delaware counties cost the city an estimated $380,000 in business taxes between 2010 and 2014, the review found.
April 6, 2015 |
It's a largely untapped market Realtors can only dream about: more than 80 million Americans ages 20 to 34, prime time for starting families and moving into their first homes. The youthful answer to the industry's prayers in a home-sale market recovering too slowly. Though Realtors and builders have their money riding on a bounce in 2015, they are acknowledging that most so-called millennials can neither afford houses nor want to buy them. Many millennials look at a house as "something you can get underwater on debt with and burn your fingers on if its value goes south," said Kevin Gillen, chief economist of Meyers Research and senior research fellow at Drexel's Lindy Institute for Urban Innovation, who tracks the Philadelphia region's real estate market.
February 4, 2015 |
The Super Bowl is history, marking the start of a new high-stakes season: the spring real estate market. After what many industry insiders considered a disappointing 2014, hopes are high for 2015. Among factors contributing to those hopes are continued low interest rates, new 3 percent down-payment programs from Fannie Mae and Freddie Mac, and an improving economy. Builders anticipate a boost in single-family home construction starts - critical to their long-term health - to 804,000 units nationwide, still well below the 1.5 million pre-downturn level.
January 31, 2015 |
Samuel J. Pilotti, 85, of Berwyn, a Realtor and civic leader in Philadelphia's western suburbs, died Saturday, Jan. 24, of cancer at Paoli Hospital. Born in Devon, he attended Conestoga High School, the University of Pennsylvania's Wharton School, and Pennsylvania State University. After 17 years as a business executive, Mr. Pilotti followed his true passion by turning his hobby - investing in real estate - into a profession. He founded Metric Realty in Paoli in 1975 and continued to work for 40 years in all phases of real estate with daughter Lisa Campbell and son David.
January 22, 2015 |
WHEN JOSEPH Sindoni bought a boat for seagoing outings from the Jersey Shore, he thought his wife would be thrilled. But when she saw it, Margaret's reaction was less than enthusiastic. "Where's the bathroom?" she wanted to know. So, Joseph, always the devoted husband, went out and bought a bigger boat - a 24-footer with a bathroom. The family kept the boat for about eight years at North Wildwood, but, even though he was a former Navy man, the family didn't get that much use out of the boat and he finally sold it. Part of the problem was that Joseph Sindoni was the kind of guy whose favorite activity was work.
January 10, 2015 |
James J. Beirne Sr., 89, a Delaware County Realtor who was active in community and church affairs, died Saturday, Jan. 3, of complications from diabetes at the Southeast Pennsylvania VA Center. A longtime resident of Drexel Hill and then Newtown Square, Mr. Beirne had lived at the center in Spring City, Chester County for the last five years. Born in Narberth, Mr. Beirne graduated from Lower Merion High School in 1943 and immediately joined the Army. He served during World War II in the Alaska Peninsula.
December 24, 2014 |
A FORMER real estate agent who admitted he defrauded about 50 clients of more than $1 million will spend the next two years in prison for his crimes. Joseph N. Reilly, 69, was sentenced yesterday to 26 months in prison for mail fraud for scamming clients between January 2009 and April 2011. Reilly acted as a property manager for his clients, collecting rent and utility payments for owners and paying utility and tax bills, according to Patty Hartman, a spokeswoman for the U.S. Attorney's Office.
December 13, 2014 |
Alvin "Bud" Plumer was "one of the most respected, trusted, honorable Realtors" in the Greater Philadelphia Association of Realtors, Allan Domb, the group's president, said. "Not only was he a nice guy," Domb said Thursday, he was "a pleasure to do business with. " Mr. Plumer was, Domb said, "a Philadelphia real estate icon in the eyes of our 2,000 members, but also in the Philadelphia community which he served. " Mr. Domb, head of the Philadelphia firm Allan Domb Real Estate, said Mr. Plumer "mentored hundreds of Realtors who went on to become successful in their real estate careers.