Hearthside Happenings

The Philly Fashion District: What You Need To Know

The Philly Fashion District is set to open Sept. 2019 bringing a wealth of new business to the area.
Posted by Joe Carelli on June 17, 2019 in  Attractions  Commercial  Fashion District  pennsylvania  Philadelphia  Philly  Real Estate  real estate industry
Philly's former Gallery Mall has been reborn as the Philadelphia Fashion District. The renewed area is under development by the Pennsylvania Real Estate Investment Trust (PREIT) and will feature a diverse collection of local and homegrown businesses, like Dolly's Boutique, South Fellini, and American Hats. The new space will house close to 5,000 sq feet of retail space on the concourse level of the development. Working with PREIT to develop the space is the California-based real estate development firm Macerich. ... read more
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The proper way to introduce this week’s LuxSide listing of the week is by presenting two clichéd quotes. The first quote is “home is where the heart is” the second being “live life to the fullest”. One walk through of this colossal estate breathes new life into these quotes perfectly captivating that is a home where you feel alive. Throw open the doors, take a deep breath and welcome to 2 Old Cabin Road! With 3 acres of lush greenery and 8,100 square feet of living space you wil... read more
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Low Housing Stock is Fueling Philadelphia Bidding Wars

What effect is low housing stock having on Philadelphia bidding wars?
Posted by Joe Carelli on May 22, 2019 in  housing  pa  pennsylvania  Philadelphia  Philly  real estate  real estate industry  Trends
This past October, many in the real estate industry were worried about the state of the real estate market. After a national building boom that has lasted for more than 7 years, many in the business were wary of a slowdown. During the fall of last year, mortgage rates hit 7-year highs, price appreciation was suffering, and total home sales declined. Despite all of these issues- Philadelphia and some surrounding areas hit record numbers for homes sold. To add a cherry on top sold prices climbed by 4.2 percent durin... read more
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April 2019 Market Update April has come and went already, hard to believe! April was a busy month with a lot of exciting things going on, warmer weather, NHL playoffs, NBA playoffs, Game of Thrones final season premiered and Avengers: Endgame shattered box office records. Did the real estate market see an equally exciting month of April as well? Let's take a look at how April 2019 compared to April 2018 to find out.  WHAT’S HAPPENING NOW: “April has shown us that trends have remained consistent thu... read more
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How Recent Lehigh Valley Economic Growth Will Affect Housing Prices

Lehigh Valley ranks among the top 5 fastest growing regions in the US, how will economic growth affect home prices?
Posted by Joe Carelli on May 09, 2019 in  economy  industry news  lehigh valley  pennsylvania  real estate  Real Estate Market  Trends
How Recent Lehigh Valley Economic Growth Will Affect Housing Prices Site Selection Magazine recently reported that the Lehigh Valley ranks among the top 5 fastest growing regions in the United States with less than 1 million people. This area has developed a great deal over the past 2 decades and is in a much better financial position than at any time in recent memory. What many residents are wondering is: How will economic growth in the Lehigh Valley affect home prices? What is Driving Lehigh Valley Economic Gro... read more
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