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/PRNewswire/ -- On behalf of The Buyer and The Seller, Agent PHL / Compass Commercial has formally announced the sale and settlement of Kensington Courts Flats...
The Philadelphia real estate market poses stark challenges for first-time home buyers, from low home supply to high competition, price inflation and rising mortgage rates. The popular Philly First Home program will resume giving out grants of up to $10,000 to help first-time buyers with down payment assistance costs, creating new pathways to home ownership. City planners and developers face difficult questions about affordable housing, new home construction, neighborhood preservation, gentrification, and the rising cost of apartment rentals for low- and middle-income residents. This in-depth P...
Experts see a slowing buyer’s market and more people getting priced out of Philly as the march toward a majority-renter city continues.
City Council passed a bill that requires affordable units be included in large residential developments in parts of North, West ,and Northeast Philadelphia where residents are seeing rents rise.
The change aims to empower district council members and residents, but critics say it will politicize and delay real estate development.