Residential Real Estate & Development
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The Generational Homeownership Divide: Why Millennials and Gen Z Are Still Locked Out
The American dream of homeownership looks very different depending on when you were born, and new data lays bare just how stark that divide has become, writes Sami Sparber for Axios. Baby Boomers are sitting on a mountain of real estate compared to younger generations. A Redfin analysis of 2024 census data found that boomer…
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D.R. Horton Eyes 130-Acre Honey Brook Site, Local Speedway for New 170-Home Community
One of the nation’s largest homebuilders has its sights set on rural Chester County, and its plans include saving a local speedway in the process, writes Ryan Mulligan for the Philadelphia Business Journal. D.R. Horton is proposing a 170-home development on 130 acres next to the Honey Brook Speedway. The planned community, called Arbor’s Glen, would feature 85 duplex buildings and public amenities. In atypical fashion for the company, D.R. Horton…
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An 11-Generation Rittenhouse Family Estate in Harleysville Is Now for Sale
A piece of Montgomery County history is looking for its next steward, and it comes with a story that stretches back to the founding of America itself, writes Ryan Mulligan for The Philadelphia Business Journal. A historic Harleysville estate that has remained in the Rittenhouse family for 11 generations has been listed for sale for…
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House of the Week: Inside a Rare and Storied $2M Chestnut Hill Estate
Perched at the prestigious corner of Germantown and Chestnut Hill Avenues in Philadelphia’s beloved Chestnut Hill neighborhood, a landmark Italianate-style mansion is up for sale for $2,000,000. Known as the Samuel Austin House, it was built from locally quarried Wissahickon schist, the same distinctive stone that defines the character of the neighborhood. . . The…
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Washington Post: Homes Are Getting Older and Crumbling, Especially in Northeast Cities Like Philadelphia
In various cities across the nation, especially those like Philadelphia, homeowners are struggling to maintain and repair their aging homes, writes Tim Craig for The Washington Post. With many of these aging houses crumbling and withering, many homeowners are being forced to live in nearly unlivable conditions. To make matters more challenging, repair costs are…
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House of the Week: Inside a $1.25M Custom-Built Luxury Home in Bustleton
Tucked away in Philadelphia’s Bustleton section of Far Northeast Philadelphia, 9741 Krewstown Road is a stunning custom-built home offering 6 spacious bedrooms and 4.5 bathrooms. The property, listed at $1,250,000, sits on a 0.24-acre lot and comes with a 10-year tax abatement, offering tremendous long-term value for future homeowners or investors. . . From the…
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Historic Fullam House in Newtown Hits Zillow Gone Wild at $5.85 Million
The Paul Rudolph-designed Fullam House in Newtown is drawing fresh national attention after appearing on a popular real estate platform, according to Zillow Gone Wild. Set into a wooded hillside in Wrightstown Township, the home was designed in 1959 for federal judge John P. Fullam and his wife, Alice. The project marks one of Paul…
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Former Sixers Owner’s Huntingdon Valley Estate Returns to Market for $3.9M
A sprawling Huntingdon Valley estate once owned by former Philadelphia 76ers owner Harold Katz is back on the market, writes Ryan Mulligan for The Philadelphia Business Journal. The property’s massive private sports complex is once again drawing attention across the region. The nearly seven-acre Montgomery County property recently re-entered the market for $3.9 million, just…
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House of the Week: $5.4M Queen Village Mansion Brings Resort-Style Living to Philadelphia
Located in the heart of Philadelphia’s coveted Queen Village neighborhood, 119 Catharine Street is the kind of property that feels more like a private estate than a city home. Listed for $5.4 million, the sprawling residence offers seven bedrooms, eight bathrooms, and roughly 11,000 square feet of living space. . . The home blends luxury…
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Historic Witherspoon Building in Center City to Become 186-Unit Apartment Complex
After serving as Presbyterian Church offices and later as short-term rentals, the historic Witherspoon Building in Center City is being turned into a 186-unit apartment complex, writes Jake Blumgart for The Philadelphia Inquirer. SSH Real Estate, which owns the 11-story building that dates back to 1896, decided to discontinue short-term rentals after hospitality operator Sonder…
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New York Developer Plans 620-Unit Apartment Tower Along Delaware River
Brevet Capital is planning a 36-story apartment tower along the Delaware River in Philadelphia, writes Paul Schwedelson for the Philadelphia Business Journal. The New York developer submitted plans to the Philadelphia Civic Design Review Committee to construct a 620-unit, 383-foot-tall tower at 1341 S. Christopher Columbus Boulevard, including 10,150 square feet of ground-floor retail space.…
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House of the Week: A Historic Society Hill Gem With Modern Luxury
Tucked along a picturesque block in Society Hill, 642 Pine Street blends historic Philadelphia charm with thoughtful modern upgrades. This beautifully updated residence, which is available for $1,295,000, offers four spacious bedrooms, 2.5 bathrooms, and a flexible lofted den space ideal for a home office, playroom, or private retreat. . . Inside, rich hardwood floors,…
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Overbrook Home Previously Owned by Muhammad Ali, Kobe Bryant’s Grandparents Goes Up for Sale
A home in the Overbrook neighborhood that has ties to two of the world’s greatest athletes — Muhammad Ali and Kobe Bryant — is looking for a new buyer, writes Ryan Mulligan for the Philadelphia Business Journal. Ali first purchased the home for about $70,000 in 1970 and used it as a personal retreat and…
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Demand Outpaces Supply as Center City Apartment Vacancy Falls
Apartment vacancy in Center City continues to decline even as developers accelerate conversions of distressed office towers into hundreds of new residential units, writes Paul Schwedelson for the Philadelphia Business Journal. “There’s certainly tremendous amount of demand for people to live here in Center City,” said Alterra Property Group Principal Connor Burke. “We’ve seen that…
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House of the Week: Fully Renovated, Sun-Drenched Gem in West Mount Airy
A sun-drenched corner three story residence in the glorious neighborhood of West Mount Airy is on sale for $1,700,000. This lovely home features eight bedrooms and six full bathrooms, along with a clean and well-organized basement, tool shed, and spacious new private parking. . . Fully renovated in 2020, the residence’s highlights include an expansive…
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Stone-Clad Berwyn Estate with Fireplaces and Home Theater Hits Market
A stone-clad seven-bedroom, 10-bathroom estate in Berwyn, set on 12 acres and topped with a burnt red roof, has recently hit the market for $6.25 million, writes Ryan Mulligan for the Philadelphia Business Journal. Built as a speculative home in 2007, the 11,600-square-foot house offers a range of outdoor living spaces, including a pool and outdoor…
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Greater Philadelphia Will Be Among Hottest Housing Markets for 2026, Zillow Predicts
Greater Philadelphia ranks in the top ten hottest housing markets for 2026, according to Zillow’s recently released annual forecast, writes Ryan Mulligan for the Philadelphia Business Journal. The analysis evaluates the nation’s 50 most populous metro areas using an index based on projected home value appreciation, time homes spent on the market last year, the…
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Yolanda Hadid’s New Hope Farm Re-Lists for $10.88M After Sale Fell Through
Yolanda Hadid has relisted her New Hope lavender farm on the market after a previous deal fell through for the same $10.88 million asking price, reports Mary K. Jacob for the New York Post. The 32-acre property, which initially hit the market last September, dates back to 1682 and was purchased by the Real Housewives of Beverly Hills star in 2017 for $4 million. Hadid announced the re-listing…
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