Seven Reasons for A Recovery in the U.S. Housing Market

Seven Reasons for A Recovery in the U.S. Housing Market.
To view the charts and read the full article.

1. Housing affordability is at a multi-decade high.
2. Reflecting normal U.S. demographic trends (household formations of 1 million-plus per year) and a low level of 2008-2012 new-home production, there is plenty of pent-up demand ready to be unleashed
3. As rental prices have risen and as home prices have fallen, the economics of home ownership has improved
4. We have seen a decisive improvement in the jobs market
5. Mortgage rates are at historic lows.
6. Housing surveys have turned positive
7. Confidence is improving

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Philadelphia Land Bank For Vacant Lots and Homes — Will It Work?

Legislation currently under consideration in Harrisburg (HB 1682) intends to help Philadelphia and other municipalities organize an effective asset management strategy for vacant property. The article discusses questions and concerns about the government agency handling this.


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Apartment Association of Greater Philadelphia 2012 Trade show

2012 AAGP Trade Show & Education Conference is March 28, 2012 at Lincoln Financial Field in Philadelphia, PA.

To register online visit here

For Trade Show Education

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April 4 & May 2 - CMT & Eric Pittmann Present: Real Estate Investing and Residual Income!

CMT Real Estate & Eric Pittman Present:

Real Estate Investing and Residual Income Networking Series

Come Out to Support Philly’s Habitat for Humanity!

April 4th & May 2nd, 6pm-9pm @ Mad River in Olde City Philadelphia.

http://goo.gl/dm6oX

Is this the Answer for the Divine Lorraine Hotel in Philadephia?

According to the Philadelphia Daily News, a developer is feverishly working with a local artist to turn the land behind the Divine Lorranine hotel – and the Divine herself – into a centerpiece that would reimagine both art and public education in the area just north of Center City. To read the whole story…
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Philadelphia’s City Planning Commission OKs a Master Plan on Riverfront

The master plan,six-mile stretch of the central Delaware River in Philadelphia, calls for more low-rise buildings, a waterfront trail, better public access to the river, parks every half-mile, and extension of the city’s street grid to the water’s edge. The commission will use it to guide future decisions on waterfront land use. It also will be used as a reference in a remapping of the zoning for the waterfront. As part of the plan, the city would need to invest $770 million over 25 years to upgrade the infrastructure and public spaces along the central Delaware. To Read more…

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Cleaning Up West Passyunk and Snyder

A $60,000 Philadelphia Department of Commerce grant is allowing the Snyder Avenue Corridor Cleaning program, a 12-month plan to beautify 18th through 25th streets, to continue to improve Snyder Avenue for Philadelphia business and residents.

The other clean up mission, called the Passyunk Avenue Corridor Improvement Project, is a $6.4-million project, with 80 percent of funds deriving from the American Recovery and Reinvestment Act of 2009. It debuted January 30th and will involve improving Passyunk Avenue from Broad to 63rd streets, a territory that includes a Southwest and South Philly. The eight-factor initiative will run through December. Fourteen intersections are scheduled to receive signal improvements, new traffic mast arms and poles, light-emitting diode traffic signals and signal controllers allowing for enriched signal phasing, according to the plan. To read the article article…

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