Alan J Heavens, Philadelphia Inquirer Real Estate Writer wrote a very comprehensive article in last Sunday’s Edition, Sept. 22nd, 2007 entitled "What Is Your Home Worth? The region's housing market is healthy despite national troubles."
Here are some excerpts from the article (full article link, below, plus a link to an interacgtive map of home-price and and sales data for the region ):
Observers of the local real estate market say the eight-county Philadelphia region has so far managed to dodge the crashing prices that have beset some other major U.S. metropolitan areas.
Clearly, the yearly double-digit price increases and same-day sales that characterized the hot market of 2000 to 2005 are over.
This region's diverse economy is not dependent on home construction. The local staples - health care, pharmaceuticals and education - all are growing service industries.
People here tend to be conservative about how they finance home purchases. An Inquirer analysis of Home Mortgage Disclosure Act data shows that subprime loans are not as prevalent in the eight-county region as they are in comparable metropolitan areas.
Compared with other parts of the country, the number of foreclosures and mortgages in delinquency relative to the number of loans is low here, according to data from the Mortgage Bankers Association and RealtyTrac, which tracks foreclosures.
To view the full article, go to: http://www.philly.com/philly/news/homepage/9943907.html
To see interactive maps of home - price and sales data for the region, go to: http://go.philly.com/homeprice
On Sept. 30th, Alan Heavnes wrote another article in response to "Reader' Addtional Questions on Prices: What excatly is a median price and why did we use it?": http://www.philly.com/inquirer/real_estate/10048797.html
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About John (John B.) Badalamenti
John (John B.) Badalamenti, ABR, ASR®, RFS, SRES®, AHS, e-PRO, REALTOR®, Weichert, Realtors® - is an Experienced, Full Time REALTOR® and Consistent Multi-Million Dollar Producer Serving Collegeville, King of Prussia, Blue Bell, The Main Line and the Surrounding Area Tha Encompases The Suburban Philadelphia Area.
John B. is originally from the New York/Northern N.J. - Metro Area and transferred to the S.E. Pennsylvania area in the late 1980's during his tenure as a Sr. Technical Sales Engineer with E.I. DuPont's Printing & Publishing Division.
John B.comes from a family of talented musicians, artists, and actors; his father, Steve Badalamenti, a jazz trumpet player, his uncle Angelo Badalamenti, a world-renound musical composer of movies and TV (Twin Peaks, Mulholand Drive, The Straight Story, Christmas Vacation, The Wicker Man, etc.) and his brother Stephen Badalamenti, an aspiring actor.
Married with four children, John lives in the Central Montgomery County, PA - area and believes in family, community, & service. His youngest daughter is a U.S.F.S.A. member figure skater who competes locally and nationally, and one of John's sons is a graduate student working on "alternate forms of energy".
John notes: "I am fortunate that I truly enjoy my work as a REALTOR® - helping people from all walks of life realize their real estate dreams and goals. I firmly believe that "people like to buy, but they don't like being sold" - which is why I also believe in being responsive to my clients - rather than pushy!
As a hard working, full time real estate agent, I believe in the value of my client's money; as a sage advisor and shrewd negotiator, an advocate for my client’s home buying or home selling success!"