housing market
Housing is a crucial aspect of society. Unfortunately, the costs of housing can be so disproportionately high relative to income levels that people simply can’t comfortably afford it. Not only is housing affordability a concern in many US metropolitan areas, it is a concern across the globe. With the large number of individuals and families […]
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As the global pandemic challenged the world order and the US economy suffered its biggest blow since the Great Depression in Q2 2020, the housing market in the US and in Philadelphia briefly experienced a decline in spring due to the stay-at-home orders. After strong housing index growth through February 2020, the Philadelphia Housing Index […]
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In our last Philadelphia Housing Index (PHI) Present Value blog post, we took a look at the trend of this year’s housing market since the pandemic started. Our analysis showed that the housing market peaked in April likely because transactions that took place in that month had been in process before much of the economy […]
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The last time we featured the Philadelphia Housing Index (PHI) in a Present Value blog post, we were in simpler times—back in February and talking about the future trajectory of the Far Northeast. It is not news to point out the substantial slowdown in home sales on account of COVID-19’s disruption or the slower pace […]
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Many news sources are showing that home construction started to slow down nationally at the end of 2018, with single-family permits dropping by 6.7 percent. With that in mind, we wanted to see how Philadelphia’s construction activity compared year-over-year, and also how it was fairing early on in 2019. Last year, we took some time […]
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As we near the end of the fourth quarter of the year, the inevitable question arises—“How are we doing compared to last year?” Despite a slowdown in the overall volume of single family home transactions, Philadelphia is still on track to outpace the last decade’s annual sales volumes. As of September, home sales lagged slightly […]
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