Real Estate
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Housing Market in Philly Region Stays Hot, despite Rising Mortgage Rates
Main Line real estate agent Robin Gordon keeps reading about a slowing housing market brought on by rising mortgage rates. Except she’s not seeing it, writes Ryan Mulligan for Philadelphia Business Journal. Gordon, an agent with Berkshire Hathaway Home Services Fox & Roach, says the hot market is still plenty hot. “There are still a…
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See Which Delco Town Made a Top 10 PA List for Healthiest Housing Market
A Delaware County community made a top 10 list in Pennsylvania organized by SmartAsset, of the healthiest housing markets in 2021. SmartAsset analyzed several factors for its annual study including how long residents stayed in the same home, which homes create negative equity, which homes decreased in value, how long houses stayed on the…
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Media Gains 4 New Businesses With New Leases at Rosetree Complex
The Rosetree office campus in Media Borough has added four new tenants and expanded space for two existing tenants, reports Keystone Development + Investment. Rosetree at 1223 N. Providence Road, is home to two office buildings totaling 270,000 square feet. It features four-story and six-story atriums. The new leases validate Media’s premier location as a…
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Malvern Bank House of the Week: Stately All-Brick Colonial in Springfield
A stately all-brick colonial home with six bedrooms and five and a half bathrooms is available for sale in Springfield. This custom-built residence is perfectly located at the end of a quiet cul-de-sac on a gorgeous, park-like 4.4 acres that boast beautiful gardens and a pond with a waterfall. The property is also home to…
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What’s So Great About Living in Swarthmore? Read on
Swarthmore Borough is a tight-knit community in synch with the college that influenced it back in 1864, writes Sandy Smith for Philadelphia Magazine. Swarthmore was originally called Westdale, named for its famous native, painter Benjamin West. The community became Swarthmore in 1864 when the Quakers founded Swarthmore College. The borough was incorporated in 1893 and…
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Malvern Bank House of the Week: Stunning Custom-Built Colonial in Media
A stunning custom-built colonial home with five bedrooms and four and a half bathrooms is available for sale in Media. The residence is nestled on 1.47 gorgeous acres perfectly situated on a quiet cul-de-sac street that is surrounded by more than 14 acres of open space. The quarried stone front and stucco home is sun-filled…
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Mortgage Woes: See How Much Deeper Delco Homeowners Will Have to Pay
Better ask for a raise because it will take 17% more income this year to make that monthly mortgage payment, according to a new Redfin report. And that’s one of the lowest increases for major metropolitan regions in the U.S., writes Ryan Mulligan for Philadelphia Business Journal. Mortgage rates, and monthly payments, have increased because…
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Malvern Bank House of the Week: Norman Estate in Villanova
A stunning Norman mansion with six bedrooms and six full and two half bathrooms is available for sale in Villanova. The Norman Estate residence was built in 1925 and expanded in 1990. A full renovation followed in 2003, creating a residence with plenty of room to both relax and entertain on a large scale. The…
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See How Delaware County Compares to Rest of Country for Rent Increases
Like most of the country, Delaware County is seeing record rent increases that are making housing costlier than ever for many residents, write Abha Bhattarai, Chris Alcantara, and Andrew Van Dam for The Washington Post. Nationally, rent prices went up by a record 11.3 percent last year. This fast pace of rent growth has continued…
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Malvern Bank House of the Week: Exceptional Cape Cod in Glen Mills
An exceptional Cape Cod home set on 3.74 stunning acres with five bedrooms and three and a half bathrooms is available for sale in Glen Mills. This two-part Cape Cod residence is approached along an elegant tree-lined driveway. It consists of the main home with its charming front porch and the guest quarters with separate…
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New Book by Swarthmore Author Tackles the Humorous Side of Real Estate
After 40 years in the commercial real estate business, Brian Dickens Barrabee has heard a few stories, some of them fairly bizarre, writes Peg DeGrassa for the Daily Times. Now the Swarthmore resident has decided to put 81 of those humorous, and sometimes inspirational, stories into a book, “Confessions of a Real Estate Man.” The…
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Area Residents Support Increases in Real Estate Densities to Address Housing Crunch
The majority of Philadelphia-area residents have voiced support for “modest densification” measures in residential neighborhoods. In short, they favor residential real estate arrangements that allow multi-residential housing on a single building lot. Manny Garcia explained the trend — and its growing acceptance — for Zillow. The residential real estate shift of creating multiple living units…
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Malvern Bank House of the Week: Lily Busch Gatehouse Colonial for Sale in Bryn Mawr
A private cul-de-sac takes you past graceful trees on this 2-acre property with views of an orderly garden at this 3-bedroom, 3.5-bath former gatehouse Tutor-style Colonial for sale in Bryn Mawr. The home was once the gatehouse to the mansion of Lily Busch of Anheuser-Busch fame. As you walk into this gatehouse home,…
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PREIT, Owner of Springfield Mall, Plans Apartments on Some Mall Properties to Shore Up Debt
PREIT, the owner of the Springfield Mall and other mall properties in the region, is taking a new approach to pull itself out of $2 billion in debt from its underperforming malls. The Pennsylvania Real Estate Investment Trust hopes to build 5,200 apartments on six mall properties, raising cash and bringing shoppers and diners onto…
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This Delco Community Gives You a Bit More Rental Space for Your Hard-Earned $1,500
The space in an apartment is one of the most important features when choosing a place to rent. Assuming the average monthly rent in Pennsylvania is $1,500, how much apartment space does that buy you? In Upper Darby, it’ll get you 954 square feet. That’s the largest apartment available for the price in the Philadelphia…
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Malvern Bank House of the Week: Bucolic Retreat in Wayne
A picturesque colonial home on a stunning 1.47 acres with five bedrooms and five bathrooms is available for sale in Wayne. This bucolic retreat is located in the prestigious Radnor Township School District. It boasts stunning outdoor living spaces, including the built-in pool, poolside dining terrace, a flagstone terrace next to the Koi pond that…
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Former Dairy Barn on Chester Springs Property — Once Home to Owen J. Roberts — Boldly Reimagined
In 2007, Erik Kolar bought the former residence of Owen J. Roberts, the former Associate Justice of the Supreme Court, in Chester Springs to transform it into a home for his family to be together, writes Bill Donahue for Suburban Life Magazine. Kolar, the CEO of Patriot Equities in Wayne, bought the property, comprised of a…
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Providence Town Center in Collegeville Sells for $162M, New Owners Plan to Revamp to Attract More Tenants, Shoppers
A venture between Maryland’s Finmarc Management and KPR Centers of New York has bought Providence Town Center in Collegeville for $161.75 million, writes Natalie Kostelni for the Philadelphia Business Journal. The new owners are planning to revamp parts of the 760,000-square-foot retail center to attract more tenants and shoppers. The open-air retail property is situated…
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