Philly Tax Abatement Happenings - 02/24/10 04:53 PM
Most of the political buzz that you hear around Philadelphia's 10 year tax abatement program calls for it to be scaled back or ended altogether. The program, which locks property taxes at their pre-construction/renovation levels for 10 years for residential properties that are newly-built or substantially renovated, has spurred development in many parts of the city, but is widely considered to have been less affected in some of Philly's poorer neighborhoods.
Now councilman Frank DiCicco is introducing a plan to increase the tax abatement to 15 years in those certain poorer neighborhoods in hopes that five additional years of low taxes … (0 comments)

Philly Investment Market Stats Week 2 - 02/18/10 12:31 PM
See below for my second installment of Philadelphia Real Estate Investment Market statistics. While two weeks of data is certainly not enough to start analyzing trends, there are a few interesting observations to be made in these numbers. First it's clear from the variation from week 1 to week 2 that with such small sample sizes just a couple of new sales or listings can greatly affect these numbers. Also clear, and supported by my experience on the ground, is that smaller properties are selling quickly if they are priced right and larger properties are taking much longer to transact. Notice … (0 comments)

Philadelphia Investment Market Statistics - 02/12/10 11:17 AM
I've always been a big fan of using statistics and numbers to guide my decision making when it comes to real estate investing. Unfortunately the numbers I'd like to have aren't always available so I've decided to start tracking some of them myself. After digging through a bit of data I've come up with the following three tables which I think should be helpful to many local investors, and I plan to update the numbers on a weekly basis which should provide a more and more helpful data-set as time goes on. If you can think of good datapoints that you'd … (1 comments)

First Time Buyer Tour of Homes - Roxborough/Manayunk - 02/03/10 03:58 PM
Buying your first home can be a daunting experience for anyone, and it's often hard to get trustworthy advice on how best to approach the process. For that reason Brown McKinney Real Estate is pioneering a new, low-pressure way for first-time buyers to get started on the road to home-ownership - the First-Time Buyer Tour of Homes. The timing for this could not be better since first-time buyers who have a property under contract by April 30th can still qualify for the $8,000 tax credit!
Our first tour will focus on homes in the $200,000-$300,000 price range in two of Philadelphia's … (0 comments)

Philly Employment Picture Improves - 02/03/10 03:31 PM
If you follow my blog, or any other real estate or business related blog for that matter, you probably have picked up on the fact that everyone is waiting to see when job creation will return to the economy. Well at least in Philadelphia it seems like we're already headed in the right direction. According to this article in the Philadelphia Business Journal Philly's unemployment rate dropped from 11.1% in October to 10.6% in November. That's still a bit higher than the national average, but we're showing good momentum, and my gut feeling is that we added just as many jobs … (0 comments)

Germantown Office Building for Sale - 02/02/10 04:57 PM
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Germantown Warehouse/Flex Building for Sale - 02/02/10 04:55 PM
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South Philly Investment Property Package - 02/01/10 11:06 AM
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James Yoakum, SFR (US Spaces, Inc.)

James Yoakum, SFR

Philadelphia, PA

More about me…

US Spaces, Inc.

Address: 2043 Locust Street, Philadelphia, PA, 19103

Office Phone: (215) 829-8850

Cell Phone: (267) 496-7739

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Observations from my work in the wide world of real estate with a frequent focus on the Philadelphia market.


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