Vacant Land A Major Problem and/or Opportunity in Philly - 09/30/10 06:28 PM
Since I work with a lot of real estate investors in Philadelphia I'm frequently asked about the vacant land parcels you see scattered about the city. Even in some of the nicest neighborhoods of Philadelphia you can find large chunks or single plots of vacant land that have been sitting for years without any change. Anyone who's lived near a vacant lot in the city knows the trouble they attract, and any developer who's ever tried to acquire land in Philly knows what a pain that can be. I found two articles from PlanPhilly.com (see below) that are do a great … (0 comments)

Are Buyers Starting to Re-Emerge? - 09/23/10 12:00 PM
The summer of 2010 will be remembered by folks in the real estate business as a long vacation from serious, qualified buyers. Since the tax-credit deadline of April 30th, the number of active buyers in my market, Philadelphia, has been very slim, and I've heard similar stories from people in other parts of the country. This has been great for the few serious buyers who were looking this summer - they were able to negotiate great deals in a once-in-a-lifetime buyers' market. On the other hand, sellers have been having a very tough go of it the last few months with … (2 comments)

Employment Picture Better than Expected - 09/03/10 01:35 PM
If you've been reading my blog you know I expect the real estate markets to start recovering once the job market starts consistently growing. Well the national news today was a bit better than expected with reports of 67,000 private sector jobs being added in August. The June and July employment numbers were also revised upwards, another reason for a bit of optimism. While a positive surprise is nice (analysts expected only 41,000 new jobs in August), the economy still needs to more than double this monthly job growth figure if we want to really reverse the damage of the 'Great … (1 comments)

 
Dsc_0349james

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

Email Me

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


Links

Archives

RSS 2.0 Feed for this blog