Philadelphia Housing Index
Using the PHI to Identify Investment With all of the buzz about the federal Qualified Opportunity Zone (QOZ) program, we thought it would be interesting to see how various neighborhoods—census tracts, actually, with designated QOZs are behaving from a single-family housing perspective. National research describes a spike in sale prices in houses in QOZ neighborhoods, […]
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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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While 2018 may have concluded with a slight slowdown in the residential housing market, the PHI shows that predicted value of a single family home rose through the end of the year, reaching $122,998. (Remember that the PHI uses arms-length transactions of single-family homes, adjusts for housing traits and seasonality), and uses hedonic regression analysis […]
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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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This month’s PHI update could have a nearly identical headline as this time last year –the index remains relatively flat, though at an all-time high. That remains true for the city overall, with a very slight increase from May to June and a 9 percent year-over-year increase since June 2017. Looking more closely at a […]
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For this month’s Philadelphia Housing Index (PHI) blog post, we decided to take a look at new construction permit data from Philadelphia’s Department of Licenses and Inspection. We filtered the data to examine only new construction building permits to see how Philadelphia’s development pipeline stacks up compared to previous years and which neighborhoods are showing […]
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