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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Florida’s Housing Market Continued Upswing During November

ORLANDO FL – Closed sales, pending sales, median prices and average prices all rose across Florida’s housing market during November (2012), while the inventory of homes and condos for sale got smaller, according to housing data released by Thursday (Dec. 20, 2012) by Florida Realtors®, formerly the Florida Association of Realtors®. “With home sales strongly …

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Armstrong Floor Products Donated To Homes For Our Troops

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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GMH Mortgage Names Rose As Eastern Sales Vice President

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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Postal Service Claims Mail-Mobile Combos Can Sell More

WASHINGTON DC – Until the Internet arrived and, after that, until mobile communication arrived, the U.S. Postal Service profited by pushing direct mail as an advertising medium. As the alternatives gained widespread acceptance among consumers, however, a substantial number of advertisers – including those in the real estate business – concluded the web and smartphones …

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Slow Rebound, Higher Occupancy In 2013, Liberty Predicts

MALVERN PA – Liberty Property Trust, whose commercial real estate portfolio consists of 650 office, distribution and light manufacturing properties that serve 1,800 tenants, said Tuesday (Dec. 11, 2012) that although it expects economic conditions during 2013 to slowly improve there may be few acquisition opportunities. In his forecast for the coming year, Liberty CEO …

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Universal Health Realty Income Trust Increases Dividend

KING OF PRUSSIA PA – Universal Health Realty Income Trust, a real estate investment trust that invests in health care and human service related facilities, said Friday (Dec. 7, 2012) that its board of trustees voted to increase its quarterly dividend by $.005 and pay a dividend of $.62 per share on Dec. 31 to …

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Two Named To Economic Development ‘Action Team’ In Philly

PHILADELPHIA PA – Pennsylvania Gov. Tom Corbett’s “Action Team,” which works with economic development groups to promote business growth, retention and expansion in Montgomery, Chester, Philadelphia, Delaware and Bucks counties, has filled two vacancies in its southeastern regional office, the state Department of Community and Economic Development announced Wednesday (Dec. 5, 2012). Norman P. Hetrick …

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Challenge For Brokers And Agents: Calming Consumer Fears

NEWTOWN SQUARE PA – Winning is in, and losing has never been a good thing. As the National Association of REALTORS® approaches the 2012 edition of its Nationwide Open House Weekend, scheduled for April 28-29 (2012; Saturday and Sunday), one challenge that faces real estate brokers and salespeople across Pennsylvania is proving to consumers they’ll …

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Compromise Flat Fee Proposed For Marcellus Shale Gas Wells

HARRISBURG PA – Representatives of Gov. Tom Corbett and majority Republicans in the Pennsylvania Legislature worked through Sunday (Feb. 5, 2012) to reach a tentative agreement that would impose a fee on drillers who extract natural gas from Marcellus Shale, buried almost a mile underground across much of northern and western Pennsylvania. The drilling fee …

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