The 2016 Housing Market has Benefitted Neighborhoods Across the City The ESI Philadelphia Housing Index (PHI) has been updated with data through the end of 2016, and shows that the market is still going strong. During 2016, city housing prices surged past the 2007 pre-recession peak, and by December they reached values nearly twice as high […]
Read MoreWith a new month comes updates to the Philadelphia Housing Index. We have now released the index through September, and Philadelphia continued its year of strong price growth. The normalized price of housing in Philadelphia in September stood at $106,000; this represents the price for a house with the average physical traits—age, square footage, lot […]
Read MoreAnother week, another update to our Philadelphia Housing Index. Last week, we provided indices for school catchment areas. This week: neighborhoods. Philadelphia Neighborhoods We calculated indices for each of Philadelphia’s 67 neighborhoods. [1] Similar to the Elementary School Indices, these neighborhoods are fairly small, and require more smoothing over time than larger districts. Let’s look at some […]
Read MoreWe heard your requests, and have added a new feature to the Philadelphia Housing Index: Schools! We have reanalyzed the indices using school catchment areas, and have produced the housing indices for Elementary and High Schools. Methodology The methodology for the school catchment indices are the same as outlined in the original HPI blog post. […]
Read MoreWelcome to the Econsult Solutions Philadelphia Housing Index! Today, we are excited to release the new ESI Philadelphia Housing Index (PHI). Like its predecessor, the new PHI measures changes in the sales price of Philadelphia’s housing units through time, adjusting housing traits to compare like-to-like, with differentiated trends by city district. The model behind the index […]
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