The historic home used during the Rocky II movie is up for sale in South Philadelphia.
While the market continues to show signs of improvement, Philadelphia’s recovery is lagging behind, according to a new Zillow Real Estate Market Report.
New home sales increased 3.6 % percent in July; that’s 25% more than this time last year.
Plunging home prices, foreclosures, and short sales have made real estate a buyers market the past few years. Will this year be any different?
It’s part of the American dream: to buy a home and watch it increase in value. But that has changed dramatically in recent years.
In addition to Standard and Poor’s cutting the AAA rating of the United States this week, it also cut the rating of government-backed mortgage brokers Fannie Mae and Freddie Mac.
The “sandwich generation”– folks taking care of both dependent children and aging parents– are facing a new squeeze. The tight housing market is making it difficult to dispose of the family homestead when their parents pass away.
Almost half of Americans say their life and future plans have been affected by the housing market.
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