At PhillyLiving Management Group, our mission is to provide education and honest communication with landlords to help them reduce vacancies and generate long-term wealth. We believe that well-informed landlords are empowered landlords. Our team is dedicated to providing comprehensive tips and resources that equip landlords with the knowledge and tools they need to navigate competitive real estate landscapes.  We recognize that the success of a landlord hinges on more than just finding reliable tenants. Regular property upgrades and renovations play a crucial role in maintaining and increa ..read more

Interested in US market economics? Keller Williams shared this fascinating market update at Mega Camp 2023, a leading annual real estate training conference. The update provides an overview of several aspects of the US economy you might find enlightening. View the full presentation here. The post Market Economics appeared first on PhillyLiving ..read more

Are you ready to take your real estate investment game to the next level? If so, you have likely come across the term “1031 exchanges” during your research. 1031 Exchanges have sparked the curiosity and inquiries from countless investors, which has prompted us to share some valuable insight that will undoubtedly be helpful to you. Here at PhillyLiving, we understand the importance of providing reliable information, which is why we have enlisted the expertise of Marissa LoCascio at 1031 CORP to share a few tips and tricks. Read on to see what you can learn about 1031 exchanges. Imagine being ab ..read more

PHILADELPHIA–(BUSINESS WIRE)–Today, Noah Ostroff, the Founder & CEO of GlobalLiving, one of the leading real estate businesses in the country, and David Krieger, former President of Coldwell Banker in Philadelphia and Central Pennsylvania, announce the formation of a new business partnership to grow the JerseyLiving real estate team in the New Jersey shore towns. Read more here. The post Noah Ostroff and David Krieger Announce New Business Partnership to Grow JerseyLiving Real Estate Team appeared first on PhillyLiving ..read more

According to Zillow, rental prices across the country ended a non-stop streak in October, falling .01% month over month. Can you believe this was the first monthly decline in two years? What does this mean for renters? To put this shift into perspective, rent is now growing half as fast as it was six months ago as stated by RedFin. Mike McNelis, Chief of Growth at PhillyLiving Management Group, believes this decrease is a sign that the rental market is stabilizing. He sees this as a return to a more “normal market” after a tremendous amount of growth over the last two years. During the pandemi ..read more

Download the Full Report We’ve entered the third quarter, check out our Q3 Market Report of 2022! If you are considering buying or selling, it’s always a great idea to have knowledge about your local real estate market. In September, interest rates increased in an effort to calm inflation. What does this mean for buyers? Even though rates are higher, lenders have creative financing programs that could help you afford more for your budget. That is why it is important to partner with a trusted, experienced lender and skill-based real estate agent. Higher interest rates also mean less buyers, thu ..read more

Brian Chica, is a Spanish-speaking agent who joined the PhillyLiving Team this May. He has been helping a number of clients to buy and sell in a changing market. According to Brian, he sees that the market is slowing down a bit but it is nowhere near stagnant. He’s encouraged by the fact that many of his investor clients from out of town are moving to Philadelphia to invest because both Pennsylvania and Philadelphia have been relatively stable markets in terms of home value. For those who are not real estate investors just yet, Brian offers a few tips below for buyers and sellers today: Sugges ..read more

Download the Full Report We hope you and yours are off to a great summer. If you are considering buying or selling, it’s always a great idea to have knowledge about your local real estate market. Over the last few months, interest rates have increased which has resulted in sellers reducing prices to meet buyer affordability. If you have been on the fence about buying, we don’t suggest waiting on the sidelines! Be sure to read through our Q2 Market Report of 2022, where we share stats about the Philadelphia real estate market. If you are considering relocating to the suburbs, make sure to read ..read more

June is National Homeownership Month! One of the barriers we often see to homeownership is potential buyers being fearful or hesitant about the home financing process. This week some frequently asked home financing questions are being answered by a lender. We interviewed Chris Meeker, Loan Officer at Center City Mortgage and Investments (CCMI), our preferred in-house lender at KW Philly. What types of home loans do you offer?  At our core, CCMI is a residential lender that helps hundreds of buyers through the home financing process each year. We offer conventional loans, Federal Housin ..read more

Download the Full Report The weather is getting warmer, the sun is setting later, and the spring market has definitely sprung! Quarter 1 was a busy time for the PhillyLiving and JerseyLiving Teams. Mortgage rates have increased significantly in 2022, but this has not stopped buyer demand. In Philadelphia County, there have been 4,378 closed sales in Q1, which is a 4% increase since Q1 of 2021. Inventory has hit record lows, the number of homes for sale has decreased 36% since this time last year. This means it is a great time to sell your home – there are a lot of buyers! Be sure to read throu ..read more