Parents band together to help a coalition of Center City schools
1706 Rittenhouse Sq 1401, Philadelphia PA 19103 - #5997129 | Reid Rosenthal:
You have to check out this unbelievable condo in Rittenhouse Square.?? 1706 Rittenhouse is one of my favorite buildings in the area.??
The press has done it again ??? with the release of the latest Case Shiller Home Price Index they used data from the worst parts of the country to make a point that housing prices are back to 2000 levels.?? Have you seen the Wall Street Journal article??? If not, here is a link:?? http://online.wsj.com/article/SB10001424052702303657404576357170425058088.html?mod=ITP_pageone_0??
Remember that Philadelphia is NOT included in the Case Shiller composite index that is released to the press.?? In our area, prices are NOT at the 2000 level!??
I???ve completed charts with the same data as those you???ve seen in the news, but these are for OUR market areas ??? please ??note the counties listed in each metro area.?? Yes, prices have come down since their peak in 2007 but you can clearly see that our area???s housing has remained an incredibly sound investment.
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Source:Fiserv, FHFA, Moody???s Analytics 5/09/11
Allentown-Bethlehem-Easton PA-NJ Counties: Warren NJ, Carbon PA, Lehigh PA, Northampton PA

Source:Fiserv, FHFA, Moody???s Analytics?? 5/09/2011
Camden, NJ Metro Division Counties: Burlington NJ, Camden NJ, Gloucester NJ

Source:Fiserv, FHFA, Moody???s Analytics 5/09/11
Ocean City NJ Counties: Cape May NJ

This is a wonderful excerpt from Eckhart Tolle???s The Power of Now.??

I???ve had many clients do the same thing to make more space in there smaller kitchens.??
http://online.wsj.com/article/SB10001424052970203479104577124360560884468.html
???Housing Imperils Job Gains??? ??? what a grim headline!?? Yet the Wall Street Journal pronounces this to be a general fact.?? It???s another example of how the press generalizes real estate markets and bases headlines on areas of the country that are most adversely affected.?? The article explains how ???price slumps??? are keeping workers who want to relocate ???tethered??? to their present homes.?? In other words, those with negative equity in their houses are less apt to relocate to accelerate in their career track.
Yet, when we look more closely at the article, we see this doesn???t apply to our area.?? In fact, of all the locations listed, the Philadelphia metro area is one of the best performers in the country both in Share of Homes with Negative Equity and Unemployment Rate.?? So, when your clients see headlines like this, remember to help them to understand that they don???t necessarily apply to our area.?? Help them convert this information to knowledge that allows them to make better decisions.?? After all, isn???t that why we are here?
I have attached the PDF of the article for your reference.
Larry
Lawrence F Flick IV
Chairman and CEO
Prudential Fox & Roach / The Trident Group
How Long Will Low Mortgage Rates Last?:
I hope they stay low until 2013.?? It seems like these low rates are finally starting to kick in.??

This is awesome.?? We should all live like this.??
220 W Rittenhouse Sq 11d, Philadelphia PA 19103 - #5795002 | Reid Rosenthal:
great price on Rittenhouse Sq

The Starbucks container store we posted about while under construction a few weeks ago finally opened on December 13 in a suburb south of Seattle. The new drive-thru location was built to LEED standards and is awaiting certification.
Its built with three containers and implements rainwater harvesting, xeriscaping and reduced signage. If only it weren???t a drive-thru.??
[via Dear Coffee, I Love You]

iVictrola iPhone Dock
Design Within Reach???s latest product, The iVictrola iPhone dock, features no moving parts with a base made entirely from a large block of polished wood. The old world photograph horn may not have Bang & Olufsen quality sound, but it???s certainly a conversation piece with a beautiful aesthetic. It also doesn???t need power to operate, so you can provide full room sound in the most remote locations or just avoid those ugly cords leading to the nearest outlet.
- Jack Archer.
This is obviously not real estate related but as the value added Realtor that I am I thought I would let you in on this little secret.??
Google has a great new domestic flight search.?? Its fast and easy and I have been using it to find the best travel deals.??