Even as housing and the greater economy slightly improve, a shift in demographic trends will likely favor the rental apartment market for the foreseeable future. It is all about women. Women are getting married later, having kids later and out of wedlock, all prompting them to seek the convenience of large, full-service rental apartment buildings.
There is also a tremendous amount of pent-up demand for the rental market, as nearly 23 million young adults, male and female, under age 35 (31 percent of the cohort) are currently classified as ‘living at home’ with parents, according to Raymond James’ analysis. As job growth improves, they will move to rental apartments; the homeownership rate for this group is only 34 percent. To read more...
Wednesday, January 30, 2013
Monday, January 28, 2013
A New Residential Development in University City Phildelphia
Another real estate development in University City section of Philadelphia, PA. The University City Science Center announced earlier in January that it will begin construction of a new 27-story apartment building at 3601 Market Street. Construction is to be complete in 2015.
The new 400,000 square-foot building will include 364 apartments (one-bedroom & two-bedroom apartments). The building will also include parking, retail space, a fitness center, a resident lounge and a rooftop pool. These apartments will be luxury apartments that will appeal to young professional and graduate students. To read more...
The new 400,000 square-foot building will include 364 apartments (one-bedroom & two-bedroom apartments). The building will also include parking, retail space, a fitness center, a resident lounge and a rooftop pool. These apartments will be luxury apartments that will appeal to young professional and graduate students. To read more...
Thursday, January 24, 2013
Toll Brothers’ Next Frontier
Toll Brothers, are known for their building of mansions in the suburbs and now a thriving business selling condos in urban settings. So, what's next for the Horsham, PA natives? Their next goal is to break into...
Tuesday, January 22, 2013
What to Expect during a Home Inspection
January 2013 monthly theme is Home Inspections for your house. Today we discuss What to Expect during a Home Inspection. If you want me to talk about a certain topic in the future please email us. To learn more contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
If you need a recommendation for a home inspector email us and we can provide you a few home inspectors for you to choose.
Subscribe to CMT Real Estate's Youtube Channel
If you need a recommendation for a home inspector email us and we can provide you a few home inspectors for you to choose.
Subscribe to CMT Real Estate's Youtube Channel
Saturday, January 19, 2013
U.S. Housing Starts Climb to Highest Rate Since June 2008
Building of new U.S. homes had accelerated in December to its fastest pace in over four years, supporting the view that housing is poised to provide a substantial boost to the U.S. economy. Last month the starts at building sites for homes increased by 12.1 percent. A trend in growth that has led many analysts to expect residential construction boosted the economy last year for the first time since 2005. December’s pace of groundbreaking was the fastest since June 2008.
To read more of this story click the link.
To read more of this story click the link.
Wednesday, January 16, 2013
Home Inspections: Hidden & Visible Defects
January 2013 monthly theme is Home Inspections for your house. Today we discuss hidden and visible defects when looking at your home. If you want me to talk about a certain topic in the future please email us. To learn more contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Types of defects in the home:
To learn more about this topic contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
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Types of defects in the home:
- Hidden defects are behind the walls, on the roof or out of site inside the furnace and under crawl spaces. Professional home inspectors might not spot all signs of termite damage, faulty wiring and improper roofing
- Visible defects are out in the open for buyers to see. Some visible defects are below:
- Moisture: water stains on ceilings, damp basement walls or musty odors are all signs of possible water damage
- Cracks in walls might mean nothing, but all cracks should be investigated by a professional, especially cracks in foundation walls
- Uneven floors: floors that are not level could mean the house is sinking.
- Loose doors: Look for light coming in around and under exterior doors. These might need insulation or refitting
- Condition of Heating and Air Conditioner
- Water Pressure
To learn more about this topic contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Subscribe to CMT Real Estate's Youtube Channel
Thursday, January 10, 2013
Home Inspections: Electrical Wiring
January 2013 monthly theme is Home Inspections for your house. Today we discuss electrical wiring when looking at your home. If you want me to talk about a certain topic in the future please email us. To learn more contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Have you ever asked yourself?
If you need a recommendation for a home inspector email us and we can provide you a few home inspectors for you to choose.
To learn more about this topic contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Subscribe to CMT Real Estate's Youtube Channel
Have you ever asked yourself?
- How much does it cost to rewire an entire house?
- What is knob and tube wiring?
- How do I properly wire (new electrical) my house up to code?
If you need a recommendation for a home inspector email us and we can provide you a few home inspectors for you to choose.
To learn more about this topic contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Subscribe to CMT Real Estate's Youtube Channel
Saturday, January 5, 2013
Your Own Personal Fiscal Cliff
Just like our nation, many Americans are battling their own Fiscal Cliff. The average American Household is inclined to overspend, have too much debt, not enough in savings for emergencies and retirement, and be under prepared for their financial future. Your decisions around your home are more impacted by all the other areas of your life than other possessions you will ever own.
To avoid creating and nose-diving off your own financial fiscal cliff, here are a few things to in your own personal finances.
Buy and borrow sustainably. Before you buy make sure you have emergency savings in place to handle any home- related expenses. Also, make sure you can handle your mortgage, property taxes and other home related obligations long term. Then don’t forget about the other expenses in your life: food, entertainment, vacations, utilities, water, etc
Plan, save and account. Each month write down and track all your income (take home paycheck) and expenses (food, entertainment, vacations, utilities, water, rent/mortgage, etc)
Stand guard against the temptation to pull cash out or move up for its own sake. No need to keep up with the Jones if it puts you worse financially.
To read more of this story, click the link
To avoid creating and nose-diving off your own financial fiscal cliff, here are a few things to in your own personal finances.
Buy and borrow sustainably. Before you buy make sure you have emergency savings in place to handle any home- related expenses. Also, make sure you can handle your mortgage, property taxes and other home related obligations long term. Then don’t forget about the other expenses in your life: food, entertainment, vacations, utilities, water, etc
Plan, save and account. Each month write down and track all your income (take home paycheck) and expenses (food, entertainment, vacations, utilities, water, rent/mortgage, etc)
Stand guard against the temptation to pull cash out or move up for its own sake. No need to keep up with the Jones if it puts you worse financially.
To read more of this story, click the link
Thursday, January 3, 2013
Fiscal Cliff Deal Favors Housing Recovery
Two major tax provisions survived the “fiscal cliff” (I know I am sick of hearing the phrase too), meaning the housing market is on firmer ground today. Congress did not touch the mortgage interest deduction, and it extended tax relief for one year on mortgage debt forgiveness. Jaret Seiberg of Guggenheim Partners wrote, “An extension of the tax break is positive for home values by reducing the number of foreclosures and helping more troubled borrowers stay in their homes. That means less supply on the market.”
A law signed in 2007 states that loan modifications, short sales and foreclosures were no longer taxable but that tax break expired at the end of 2012. The fear was that if the tax break was not extended, home owners would not agree to short sales because they would then face a tax bill.
To read more of this story, click the link.
A law signed in 2007 states that loan modifications, short sales and foreclosures were no longer taxable but that tax break expired at the end of 2012. The fear was that if the tax break was not extended, home owners would not agree to short sales because they would then face a tax bill.
To read more of this story, click the link.
Tuesday, January 1, 2013
Get a Home Inspection When Buying a Home
January 2013 monthly theme is Home Inspections for your house.
This is our first video of our theme for January on the topic Home Inspections for your house. Today we discuss if you should hire a home inspector. If you want me to talk about a certain topic in the future please email us. To learn more contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Hire a professional home inspector before you buy a home. The time to discover expensive defects is before you buy the home. Even brand new homes often have major construction flaws. The $350-$500 you pay a home inspector is worth the money, especially if they find a $1,000+ defect.
Typically, a home inspector is contacted immediately after the contract or purchase agreement has been signed. Before you sign, be sure there is an inspection clause in the sales contract, making your final purchase obligation contingent on the findings of a professional home inspection. This clause should specify the terms and conditions to which both the buyer and seller are obligated.
The home inspection report will cover the condition of the home’s heating system; central air conditioning system; interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components. Included with your home inspection report are usually digital pictures, a cost range guide, and general report summary of major defects.
If you need a recommendation for a home inspector email us and we can provide you a few home inspectors for you to choose.
Contact a real estate professional before you decided to sell. If you are in Pennsylvania contact me at 215-900-3447.
To learn more about this topic contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Subscribe to CMT Real Estate’s Youtube Channel
This is our first video of our theme for January on the topic Home Inspections for your house. Today we discuss if you should hire a home inspector. If you want me to talk about a certain topic in the future please email us. To learn more contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
Hire a professional home inspector before you buy a home. The time to discover expensive defects is before you buy the home. Even brand new homes often have major construction flaws. The $350-$500 you pay a home inspector is worth the money, especially if they find a $1,000+ defect.
Typically, a home inspector is contacted immediately after the contract or purchase agreement has been signed. Before you sign, be sure there is an inspection clause in the sales contract, making your final purchase obligation contingent on the findings of a professional home inspection. This clause should specify the terms and conditions to which both the buyer and seller are obligated.
The home inspection report will cover the condition of the home’s heating system; central air conditioning system; interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components. Included with your home inspection report are usually digital pictures, a cost range guide, and general report summary of major defects.
If you need a recommendation for a home inspector email us and we can provide you a few home inspectors for you to choose.
Contact a real estate professional before you decided to sell. If you are in Pennsylvania contact me at 215-900-3447.
To learn more about this topic contact us for a Free Special report on How to Sell Your House on The Date of Your Choice Without Making a Repair!
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