Reid Rosenthal's (rittenhouserealtor) Blog

WASHINGTON, January 26, 2009 Existing-home sales rose unexpectedly while inventory declined, led by a surge of sales in the West, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - jumped 6.5 percent to a seasona...

 Kent County saw the largest increase, nearly fifty percent from October DEVON, PA - January 7, 2008 - The Greater Philadelphia region* saw a 23.7 percent increase in November real estate activity moving to an index of 67.4 from the upwardly revised October index of 54.5 according to the Prudenti...

WASHINGTON, November 24, 2008 Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops - ...

September Pending Home Sales Index© Shows Decreasein Greater Philadelphia Region Real Estate Activity 12-County Region Outpaced the Northeast; Gloucester and New Castle Counties Both Saw Increases DEVON, PA - November 7, 2008 - The Greater Philadelphia region* saw a 4.7 percent decrease in Septem...

Salem County in New Jersey posted the largest percent increase in median sale price in the tri-state region, rising three percent DEVON, PA - Greater Philadelphia region* median home prices decreased 2.2 percent to $225,000 in the first nine months of 2008, according to Prudential Fox & Roach, RE...

xisting-Home Sales Slide on Tight Mortgage Availability WASHINGTON, September 24, 2008 Existing-home sales were down in August following a healthy gain in July as tight mortgage credit curtailed activity, according to the National Association of Realtors®. Sales rose in the Midwest and South but...

July Pending Home Sales Index© Shows Increase in Greater Philadelphia Region Real Estate Activity   DEVON, PA – September 9, 2008 – The Greater Philadelphia region* saw a 9.1 percent increase in July real estate activity moving to an index of 73.34 from the upwardly revised June index of 67.21, ...

U.S. Stocks Jump, Joining Global Rally, on Fannie, Freddie Plan By Elizabeth Stanton Sept. 8 (Bloomberg) -- U.S. stocks climbed the most in a month, adding to a rally across Europe and Asia, as the government takeover of Fannie Mae and Freddie Mac improved the outlook for a global financial syste...

Philadelphia needs alot more outspoken critics highlighting the "Almost good enough" mentality that sets apart first class cities from our almost first class city.  The article below explains one aspect of what I mean.  Changing Skyline: A Wal-Mart of a penthouse atop an art deco tower By Inga Sa...

Home sales down in Philadelphia area, up for U.S. By Alan J. Heavens Inquirer Real Estate Writer Sales of existing homes fell locally and nationally in July from July 2007, although a month-to-month bump-up resulting from booming foreclosure sales in the West gave housing-industry officials some...