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What Happens When Philadelphia Tax Abatements Expire? Part II

What Happens When Philadelphia Tax Abatements Expire? Part II

Posted on Apr 10, 2018

Houwzer Senior Economic Advisor Kevin Gillen has written the second in a series of analyses examining previously tax-abated properties in Philadelphia.  The first part of the series examined their transactions volume in the post-abatement period.  This second part examines what has happened to their...
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Why So Many New Yorkers Are Moving To Philadelphia

Why So Many New Yorkers Are Moving To Philadelphia

Posted on Apr 03, 2018

New York City is great. So what's up with the steady stream of New Yorkers packing up and heading to Philadelphia? What does the City of Brotherly Love have on the Big Apple? It's not just that Philly is underrated (although it is). And sure, the cheesesteaks are good and the Eagles are dominating, ...
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What Happens When Philadelphia Tax Abatements Expire? Part I

What Happens When Philadelphia Tax Abatements Expire? Part I

Posted on Mar 14, 2018

This blog is the first in Houwzer Senior Economic Advisor Kevin Gillen's three-part research series examining how successful and beneficial the tax abatement program has been so far. Part one focuses on the trend and level in sales activity of previously tax-abated properties in their post-abatement...
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Greater Philadelphia Home Prices Dip, But Not For Lack of Demand

Greater Philadelphia Home Prices Dip, But Not For Lack of Demand

Posted on Feb 12, 2018

Regional home prices declined in the 4th quarter, but so did the quality of the inventory. Houwzer Senior Economic Advisor Kevin Gillen just released his latest regional report explaining this phenomenon. The basic economic principle of supply and demand would imply that lower median home prices can...
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Is the Tide Turning for the Red Hot Philadelphia Housing Market?

Is the Tide Turning for the Red Hot Philadelphia Housing Market?

Posted on Jan 23, 2018

The data shows some mixed signals on whether the trend of recent price appreciation in the market will break. Houwzer Senior Economic Advisor Kevin Gillen has just released his latest report detailing the housing market dynamics for the city of Philadelphia in Q4 2017. Home prices in the city fell b...
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Everything You Need to Know About Closing Costs

Everything You Need to Know About Closing Costs

Posted on Jan 02, 2018

Buying a house may cost more than you think. When creating a budget for buying a home, it's incredibly important that you understand closing costs so you don't fall in love with a dream home beyond your reach.  Many home buyers focus on and crunch numbers around the big expenses like the down payme...
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How The GOP's New Tax Reform Bill Impacts Greater Philadelphia

How The GOP's New Tax Reform Bill Impacts Greater Philadelphia

Posted on Dec 20, 2017

The GOP's new tax reform bill just passed - and it will drastically reduce the amount of state and local taxes (SALT) that can be deducted from federal income taxes. The natural question many Americans are asking is "how will this new tax bill impact me financially?" Houwzer's Senior Economic Adviso...
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The Greater Philadelphia Housing Market Report (Q3)

The Greater Philadelphia Housing Market Report (Q3)

Posted on Nov 30, 2017

How did the Greater Philadelphia real estate market do in the 3rd quarter? Our Senior Economic Advisor, Kevin Gillen, analyzed the data to answer that question in his latest regional housing report.  Dr. Gillen’s full commentary and slide deck are included below, but here are the key takeaways from ...
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