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home: 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)

home: States Picking Up Where Federal Tax Credit Left Off - 05/17/10 03:13 PM
With the expiration of the $8,000 federal tax credit for first time (and some repeat) homebuyers, a few states are trying to enact similar programs on the state level to continue boosting their local real estate markets. First California set aside $200 million for first-time and repeat homebuyer tax credits. I thought California was broke, but I guess if the measure gets the housing industry back on track it could go a long way in stimulating the Golden State's economy.
Now New Jersey is considering a tax credit of up to $15,000 for homebuyers who buy in 2010. With a total … (2 comments)

home: Video Tour of 151 W. Seymour St., Philadelphia, PA - 05/04/10 11:12 AM
Click here to see a video tour of my listing at 151 W. Seymour St. It's a great house for a first-time buyer who needs a lot of space or for a large family looking for a low-maintenance, beautifully renovated home in Germantown.
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home: New Listing - Open House Saturday 1:00-3:00pm & Sunday 2:30-5:00pm - 04/15/10 04:51 PM
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home: $1500 To Sellers in A Short Sale - Take it While you Can! - 03/08/10 04:30 PM
The Obama administration has sweetened the pot for home-sellers who owe more on their mortgage that the property can sell for (article here). With the new program, taking effect April 5th, a seller who completes a short sale will receive $1,500 in 'relocation assistance' to incentivize them to get the deal done quickly and move on. The government will also give cash incentives to banks and loan servicers to encourage them to work through the backlog of underwater properties currently on the market. Short sales benefit sellers because they are less harmful to their credit score than a foreclosure. They also … (5 comments)

home: Last Day to Sign Up for Free Tour of Homes - Roxborough & Manayunk - 03/01/10 04:20 PM
The free tour of homes on the market in Roxborough & Manayunk, specifically for first-time buyers is this Saturday, March 6th, and we still have room for a few more people. If interested give me a call or email at 267-496-7739 or jyoakum@brownmckinney.com. For more info see my earlier blog post @
http://brownmckinney.com/james/2010/02/first-time-buyer-tour-of-homes-roxboroughmanayunk/
 
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James Yoakum, SFR

Philadelphia, PA

More about me…

Brown McKinney Real Estate Company

Address: 1733 Spring Garden Street, Philadelphia, PA, 19130

Office Phone: (215) 825-2250 x 1002

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.


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