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, ...
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...
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...
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...
Posted on Jan 12, 2018
What a wild year it has been! We've grown rapidly (now over 50 employees!) and we've learned so much. As excited as we are for what lies ahead, we think it's important to take a second and reflect on what our team has accomplished so far. So, how did we do this year? Here's a look back at our journe...
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...
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...
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 ...
Posted on Nov 28, 2017
Many families contemplate moving to the suburbs for the schools, but with higher achievement comes higher prices. But is this the only move that makes financial sense? We knew that Dr. Kevin Gillen, noted economist and Houwzer’s Chief Economic Advisor, would have the answer. What we found was that h...