Interactive Tools
If you’ve been following our Philadelphia Housing Index (PHI) posts, you may have noticed one neighborhood we have not spent a lot of time talking about has been Brewerytown. But in the last 2 years, this neighborhood has seen a significant rise in its PHI and growth in the home sales activity that it’s worth […]
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Last year, Econsult Solutions’ thought leadership team, ESI ThoughtLab produced Smarter Cities 2025, a global benchmarking study which assessed various smart city initiatives to better understand how governments, citizens, and businesses were embracing new digital technologies. Currently, our team is well under way with the 2019 follow-up study, Building a Hyperconnected City. This year’s research […]
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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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