PHI

The PHI, New Visualizations and a Look at Seasonality Across Neighborhoods

February 16, 2018 / Comments Off on The PHI, New Visualizations and a Look at Seasonality Across Neighborhoods

As 2018 comes into full swing, we’ve started to look at some new ways to visualize the Philadelphia Housing Index (PHI). To that end, we’ve begun using Tableau to explore dimensions of the PHI that go beyond our predictive index on a citywide scale and at various geographic levels. Using Tableau to visualize the PHI […]

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PHI Year in Review: New Neighborhoods Showing Promise

January 18, 2018 / Comments Off on PHI Year in Review: New Neighborhoods Showing Promise

As 2017 closed, the normalized price of housing in Philadelphia was around $120,000. This represents the price for a house with average physical traits (age, square footage, lot size, location on the block) while subtracting out seasonal effects. It amounts to a 13% increase since December 2016. Comparatively, 2017 saw even greater average citywide gains than […]

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City Home Prices Still on the Rise

October 20, 2017 / Comments Off on City Home Prices Still on the Rise

If you watch the housing market in Philadelphia like we do, you are likely familiar with worries of when the current cycle will break. And in fact, the housing boom has been an omnipresent topic in real estate circles for at least the last few years. At this point in the cycle, that concern isn’t […]

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Ten Years Since the Recession: Philadelphia Home Prices Have Surged – in Select Neighborhoods

September 15, 2017 / Comments Off on Ten Years Since the Recession: Philadelphia Home Prices Have Surged – in Select Neighborhoods

The start of the Great Recession began just a little more than a ten years ago, but as a millennial that began my first job search in its midst, it’s a time that’s in the back of my mind. In the post-recession economy, we’ve seen a building boom in Philadelphia and for many of us, […]

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June’s Philadelphia Housing Index Remains Flat, at All-Time High

July 20, 2017 / Comments Off on June’s Philadelphia Housing Index Remains Flat, at All-Time High

The Philadelphia Housing Index remained flat in June, though prices remain at an all-time high. The apparent slowdown of last month persisted, as season- and quality-adjusted sales prices in June held steady. Just how much work is that seasonal adjustment doing, though? Here are the unadjusted median sales prices of each month. Notice that we […]

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The Philadelphia Housing Index Flattens in May

June 23, 2017 / Comments Off on The Philadelphia Housing Index Flattens in May

Though the Market Remains at Record Highs After a huge March and April for Philadelphia housing sales, May prices settled and the housing index remained flat. It’s important to not overreact to what could very well be noise (notice that the observed prices in May—the last dot on the plot—is off of the trend line […]

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