Governor Tom Wolf's administration released information about new tax credits that will provide 600,000 dollars in financial assistance to the real estate professionals involved in redevelopment plans for six Philadelphia historical buildings.
Pennsylvania's Department of Community and Economic Development, along with the Pennsylvania Historical and Museum Commission, announced the six tax credits after more than 40 developers and real estate professionals applied for more than 15 million in grants for the 2... read more
Bucks County Commissioners Approve Federal HUD Grants
The Bucks County Commission voted to approve a plan to distribute more than 3 million dollars in grants from the Department of Housing and Urban Development. These grants are provided to the county by HUD to help alleviate housing pressures. While low-income Bucks County residents and senior citizens are the primary beneficiaries, HUD projects often act to beautify and uplift communities through the economic benefits of new development and long-term housing sus... read more
How Recent Lehigh Valley Economic Growth Will Affect Housing Prices
Site Selection Magazine recently reported that the Lehigh Valley ranks among the top 5 fastest growing regions in the United States with less than 1 million people. This area has developed a great deal over the past 2 decades and is in a much better financial position than at any time in recent memory. What many residents are wondering is: How will economic growth in the Lehigh Valley affect home prices?
What is Driving Lehigh Valley Economic Gro... read more
In 2017 Congress passed the TCJA, or Tax Cuts and Jobs Act of 2017. This wide-ranging legislation affected many industries, but the real estate sector saw some of the most significant changes. The bill called for the creation of real estate "Opportunity Zones."
These zones are underdeveloped areas where the federal government plans to deploy tax benefits to developers and investors to encourage economic growth in low-income communities. Philadelphia has several new opportunity zone projects that have already... read more
March 2019 Market Update
March is an exciting time as we officially bid goodbye to winter and hello to spring! It’s a month filled with St. Patrick’s shenanigans, March Madness and getting back outside. Let’s peek in at what was going on this year in the March Market compared to 2018.
WHAT’S HAPPENING NOW:
“No surprise here that inventory shortage remains to be the key point of discussion for buyers and sellers, as it has been the past two years. We are observing the pace of inventory... read more