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Philadelphia Housing Market 1st Half Review of 2010

Found some data from this article on the first half of 2010 of the Philadelphia Area housing market. 

No surpirse that sales are up 22% from 2009, due to the government housing credit, high supply of foreclsoure properties, and historically low interested rates.   Also, median sales prices are up from 2009 in Bucks, Montgomery, and Chester Counties.  How was this price increase driven by the now expired tax credit?

The big question is where will Philadelphia Area housing market be headed?  With no more tax credit, high unemployment, but low interest rates it is tough to predict.

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July 24, 2010 - Posted by | Uncategorized | , ,

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