Philadelphia Housing Index
For this month’s update on the ESI Philadelphia Housing Index (PHI) we introduce our new interface, which allows users to more closely interact with our index and analyses. Now when you select discrete geographies and hover over a time series, the tool will show the name of the geography that you’ve selected as well the month […]
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Last week, the Center City District (CCD) released Housing Development in Perspective: 2018, which examines housing development in Greater Center City—an area that has expanded as the “downtown” has grown. Greater Center City is now considered the area bounded by the two rivers and Girard Avenue on the north and Tasker Street to the south. […]
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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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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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By many measures, Philadelphia is one of the most affordable housing markets on the East Coast. The 2017 Bloomberg Global City Housing Affordability Index ranked Philadelphia as the second most affordable city to buy or rent a house in the U.S., just behind Houston. For this month’s look at the Philadelphia Housing Index (PHI), we […]
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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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