M
y colleagues have been sounding the alarm about SEPTA's plans to severely cut services if the transit agency doesn't receive more state funding. They've been exploring what these cuts would mean for Philly-area residents, including longer commutes, threats to local businesses, and nightmare scenarios for those living inside and outside the city.

    Towns across the region have invested in building homes and businesses near public transportation as part of creating walkable communities that attract residents. But if the train and buses stop running, what happens next? Keep reading for more on this story and other topics in this week's edition.

    The Philly region is a competitive real estate market, according to Zillow. Buyers are snatching up local homes quickly, with half being sold within a month of listing. A higher share of local homes are also selling for more than the asking price.

    A New York developer plans to build hundreds of apartments in the Wanamaker building above the former Macy's space. Meanwhile, City Council is considering a bill that would help renters pay to relocate if they're forced out of their homes due to unsafe conditions.

    Threats to transit-oriented development loom large as SEPTA considers cuts to its services. If implemented, riders will lose access to several routes and lines, including the Paoli/Thorndale Line on Regional Rail. Homeowners and renters who chose neighborhoods for their proximity to public transportation may find themselves out of luck.

    The Philly region is a hotspot for buyer competition, with engaged home shoppers snatching up local homes in record time. Compared to national statistics, the region saw more buyers per listing and faster sales times in March.

    A New York developer plans to build hundreds of apartments in the Wanamaker building above the former Macy's space. City Council has taken up Mayor Cherelle L. Parker's $800 million housing bond request, but with a catch. The Pennsylvania Supreme Court ruled that a local hospital should receive a property tax exemption as a nonprofit.

    In West Philly, a couple transformed a neglected fixer-upper into their dream home. Kate Kramer and Christopher Poehlmann had experience renovating properties and saw the potential in this twin home. They reconfigured the kitchen, installed new electric and plumbing systems, added a half-bath, and transformed the backyard into an outdoor living room.

    If you have a DIY project that you're proud of, email me for a chance to be featured in my newsletter.