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Philly Area’s Homes Trail Cumulative Value Trend In 2012

  • PHILADELPHIA PA – Homes in the greater Philadelphia market, including those in western Montgomery County, are anticipated to have lost $1.6 billion in cumulative value during 2012, according to an analysis of Zillow® Real Estate Market Reports released Wednesday (Dec. 19, 2012). As bad as that news might be, Zillow said, 2011 – when Philadelphia […]

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  • LANCASTER PA – Armstrong Floor Products will donate the flooring for 30 homes to be built across the country during 2013 by Homes for Our Troops, a national non-profit organization that creates specially adapted homes for severely injured veterans, the company announced Thursday (Dec. 6, 2012). The homes are built at no cost to veterans […]

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  • NEWTOWN SQUARE PA – GMH Mortgage Services LLC, a national mortgage banker headquartered in Newtown Square PA, said Thursday (Dec. 6, 2012) it named Joel Rose as vice president of its eastern division’s retail sales. Rose has more than 20 years of experience in the mortgage industry, and most recently worked at GMAC, where he […]

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  • NEW YORK NY – The previously high-growth $7.4 billion market for home organization and storage has slowed down due to the housing collapse and enduring economic problems, according to “Home Organization in the U.S: General Purpose, Closet, Garages, and Storage Sheds,” a report released Monday (Nov. 14, 2011) from a market research firm called Packaged […]

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  • HARRISBURG PA – Home builders are applauding passage of a bill Monday (March 7, 2011) by the Pennsylvania House to repeal the state’s home sprinkler mandate, and called for quick action by the state Senate, according to The Pittsburgh Tribune-Review newspaper. “We are pleased by the large and bipartisan support to remove this costly and […]

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  • WASHINGTON DC – Federal income tax deductions for home mortgage interest took a hit Saturday (Jan. 1, 2011) in The Washington Post newspaper, which published an editorial titled “Trim the Excessive Tax Subsidy for Real Estate.” Lawrence Yun, chief economist for the National Association of REALTORS, responded by describing how mortgage interest deductions benefit primarily […]

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  • ALLENTOWN PA – As homeowners around the country continue to struggle to fend off foreclosure proceedings, a working group of attorneys general and banking officials from all 50 states has been gathering evidence in a probe of potentially improper or illegal lending and servicing practices, according to an article written by reporter Tim Darragh and […]

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  • HARRISBURG PA – Pennsylvania homeowners are being urged by the state Attorney General to file complaints concerning questionable or improper mortgage foreclosures. AG Tom Corbett said on Oct. 6 (2010) the filings would be included in an ongoing investigation by his office’s Bureau of Consumer Protection to determine if laws were violated by lenders or […]

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  • WASHINGTON DC – McMansions may be a thing of the past. The U.S. Census Bureau reports the average size of a new home dropped by more than 2,000 square feet in 2009. Some speculate the cause is downsizing due to tough economic times. Read the story, published by WFMZ-TV of Allentown PA, here.

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  • HAZLETON PA – A federal appeals court ruled Sept. 9 (2010; Thursday) that Hazleton PA could not fine landlords who rent to illegal immigrants, or required prospective tenants to register with City Hall and pay for a rental permit. The court ban against both measures, part of the city’s crackdown on illegal immigrants, is seen […]

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