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Increasing Home Values Lift 1 Million Homes from 'Underwater' Status

Pro Builder

Chicago, Philadelphia, and New York experienced the largest declines in underwater homes during that period, reports National Mortgage News. On the flip side, “equity-rich” homes that have a value at least double the loan balance, increased by 4.2 They now account for 34.4% Now, with home values up, there remains 2.25

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

They also will be eligible to give property tax abatements for new development, allowing cities like Camden to spur development and compete with Philadelphia for private-sector jobs and residential growth. Projects in these cities will have significantly lower eligibility thresholds and higher incentive levels.

Zoning 47
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Are There Lessons From the Great Recession for the COVID-19 Pandemic?

Pro Builder

“I just became more averse to that [spec homes and lots] type of debt, so rather than carry land debt on the balance sheet, I worked on growing more locations and investing more in the company and in people,” Allen says. If the market did roll over, he might have to lay people off, but would not be stuck with land debt.

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Cover Story: Global Biotech Report

Buisness Facilities Contributed Content

Life sciences are “in the air”—and potential employees are not far, taking into account the 3.600 graduates each year. Corbett recently announced that Spark Therapeutics will expand operations at a new building at the University City Science Center, creating new high-wage jobs in Philadelphia.

Georgia 68