New Zoning Codes take effect August 22, 2012 for Philadelphia.

Thinking about building an addition or deck on to your Philadelphia house?? It’s better to hold off until the new zoning codes take effect in Philadelphia, PA. Even though with all this happening automatically, for various city of Philadelphia agencies enacting the law, including developers and lawyers who use it daily, it may take them longer to adapt. The department of Licenses and Inspections plays the central role: receives zoning applications, processes permits, examine plans and issue violations.

While the rules switch tomorrow, the day to day procedures of L&I will basically remain the same. With the department’s team of examiners attending Zone Code Training Sessions that concluded in June , they’ve been holding practice runs implementing the new code ever since. In addition, L&I hired new examiners that will only be learning the new code, giving them a head start. For more information on this article…

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Generation Rent

Do today’s 20-to-34-year-olds have commitment phobia? In 2011, the smallest percent of first-time home buyers purchased property since 2006, according to the National Association of Realtors. Rental property vacancy rates are the lowest since 2002 and rents are increasing. To read more about this Bloomber article…

The top 10 threats facing real estate

This article identifies the top 10 issues facing all real estate in the next three decades. Below are the top 10 issues affecting the real-estate market in the next 10 to 30 years.

1. An aging population
2. Student debt burdens
3. Public funding
4. Changing demand for office space
5. Changing demand for retail space
6. Liquidity in the real-estate capital markets
7. Global change and uncertainty
8. More sustainability
9. Overvalued commercial properties
10. Political gridlock.

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