Thursday, March 08, 2007

Real Estate Trends

According to the current issue of Philadelphia Magazine (March '07), people are attempting to "reconnect with their inner Mayberry. There is a desire to be in more urban settings again in the sense of being able to walk to a stores, movies, shops and mini-downtowns. Suburban home ownership appears to have lost some of its luster. The center city condo boom is not only attracting empty nesters, but also families with young children. Back yards are being replaced by city parks. Communities that already have a mini-downtown and main street, such as Ambler, Glenside, Hatboro, etc, are likely to have somewhat of a rebirth over the next decade. How do you tell if an old town is on its way back? According to the article, if there is a parking problem, that is a sure sign!

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