Philadelphia Housing Index
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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If you enjoy reading about the real estate market, there is one topic that is unavoidable—millennials. Every month there seems to be a new question about this generation and how they’re affecting one part of the economy or another. Will they ever buy houses, move to the suburbs or have kids? In recent times, Philadelphia […]
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It feels like almost every month this year, a new brewery has opened in Philadelphia; add in the new distilleries and cideries and it’s close to true. Of the twenty breweries/brewpubs[1] in Philadelphia, eight opened in 2017, with three others planning an opening later in the year.[2] Philly beer drinkers have much to cheers about with […]
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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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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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An average Philadelphia house sold for $112K in April (these numbers are seasonally-adjusted, smoothed over time, and adjusted for housing traits), compared to $92K in April 2016. This means that prices are up 6.1% over the last quarter and a whopping 22.2% over the last year. This increase mostly represents skyrocketing demand, though it also […]
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