Econsult Corporation



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The Building Industry Association (BIA) of Philadelphia issued a press release regarding Econsult’s report on Philadelphia’s new Inclusionary Zoning Law. Kevin Gillen, Econsult Vice President, authored a report on the Inclusionary Zoning Law and its impact on new affordable housing in Philadelphia. (May 14, 2008)

- New Study Shows Philadelphia Zoning Law Would Deter Building New
Affordable Housing

Kevin Gillen, Ph.D., Econsult Vice President talks about the thriving condo market in Rittenhouse Square in Philadelphia in the Philadelphia Inquirer article by Suzette Parmley. (May 5, 2008)

- View the Philadelphia Inquirer article "Rittenhouse Square Keeps on
Thriving"

Kevin Gillen, Econsult Vice President, appears in Philadelphia Inquirer article by Alan J. Heavens about the decline in home prices in Philadelphia compared to elsewhere. (April 29, 2008)

- Philadelphia Home Price Drops Less than Elsewhere

Econsult Vice President and Principal Stephen Mullin will speak on the Commercial Real Estate Market as detailed below.

Economists Stephen Mullin, Bob Bach and Bill Dunkelberg will consider what’s in store for the 2008 & 2009 commercial real estate market at the annual CoreNet/PECO economic outlook 7:30 a.m. Thurs., March 13 at PECO Energy Hall, 2301 Market St. Information and registration.

For more information on Center City Developments the contact information is:

Kevin Gillen, Ph. D., Econsult Vice President authored report entitled "Project H. O. M. E.'s Economic and Fiscal Impact on Philadelphia Neighborhoods." See press release, Philadelphia Inquirer article and full report links below. - January 31, 2008

- Philadelphia Inquirer Article

- Press Release

- Project Home Report Released

Kevin Gillen, Ph. D., Econsult Vice President, participated in Metro's Reformer's Roundtable on Real Estate Tax Assessments in Philadelphia. January 31, 2008

- Metro Article

David Thornburgh's Comments on Kevin Gillen's Analysis of the Philadelphia Housing Market - November 2007

- Listen to Comments

Articles appearing in the Philadelphia Inquirer quoting Kevin Gillen, Econsult Vice President, on the changing residential housing market in September, October and November 2007.

- Philadelphia Real Estate Fares Well - November 18, 2007

- Philadelphia's Home Prices Off Modestly - November 15, 2007

- Philadelphia's Home Prices Down - November 12, 2007

- Philadelphia's New Home Doldrums, Philadelphia
Inquirer - November 11, 2007

- Local Housing Values 3rd Quarter - October 31, 2007

- Kevin Gillen's Database Cited in Condo Pricing - September 23, 2007

Kevin Gillen, Ph.D., Econsult Vice President, discusses housing values and housing prices throughout Philadelphia in two featured articles in the Philadelphia Inquirer. - September 23, 2007.

- View the Philadelphia Inquirer article "What is Your Home Worth?"

- View the Philadelphia Inquirer article "In the City, a Wide Spread
Increase in Median Price"

Kevin Gillen's 2007 Q2 report on the Philadelphia housing market indicates that area continues to transition from a seller's to buyer's market. The number of homes that changed hands was up from the winter to spring, but down 16% from a year ago. In terms of activity, this was the slowest spring since 2003. And while house price indices rose a healthy 3.7% on a quality- and seasonally-adjusted basis, this was less than last spring’s increase of 4.4%. The drop in volume combined with a modest increase in prices can be largely attributed to the fact that sellers persist in clinging to above-market prices during a time when the market has cooled.

The production of this report is supported by Econsult, in conjunction with Hallwatch.org. More details and the full report can be accessed on Hallwatch's website: http://www.hallwatch.org/news/1187886945532/a>

In addition, the current report received media coverage from local radio stations WHYY & KYW, and from one of the web's top real estate blogs, & Matrix: http://matrix.millersamuel.com/?p=1282

- Philadelphia House Price Indices (2q07)

- Technical FAQ and Documentation for the Indices

Kevin Gillen, Ph.D., Econsult Vice President, discusses housing stock in University City - especially the new Radian Apartments opening soon on the University of Pennsylvania campus in the Philadelphia Inquirer. - July 28, 2007.

- Click here to view the Philadelphia Inquirer article

Kevin Gillen, Econsult Vice President, talks with Earni Young about his Quarterly Analysis of Philadelphia’s Housing Market in the May 4, 2007 Daily News

- Click here to view the Daily News article

Econsult's Dick Voith, Kevin Gillen and Stephen Mullin are each quoted in the March 2007 issue of Philadelphia Magazine on the changing real estate market in Philadelphia.

Kevin Gillen, Vice President of Econsult, was a presenter at the Philadelphia Forward Real Estate Taxation Conference on Friday, February 23, 2007 hosted by Temple University in Philadelphia. The conference focused on problems and possible solutions in Philadelphia's system of real estate taxation.

Updating results from his 2004 work for the Philadelphia Tax Reform Commission, Dr. Gillen presented empirical evidence that Philadelphia’s system of real estate taxation is not only inaccurate, regressive, uncertain and unnecessarily complicated, but the magnitude of these effects has actually gotten worse since he first examined these issues in 2004. The event was well-attended by several hundred people, including many members of the press and candidates for public office. Other presenters included Karl Case of CaseShillerWeiss and Robert Inman of the Wharton School, University of Pennsylvania.

Kevin Gillen, Vice President of Econsult, was named to the Board of Directors of BIA, the Building Industry Association of Philadelphia in January 2007. For a link to BIA’s web page click here.

Kevin Gillen, Vice President of Econsult, quoted in the Philadelphia Inquirer on January 29, 2007 about the new condo market in Philadelphia.

- Click here to view complete article