Philadelphia Real Estate
Real estate in Philadelphia has suffered fallout from the sub-prime mortgage crunch crunch to a lesser extent than other parts of the country. For buyers, however, that definitely means good news. There are a large number of real estate properties available in the Philadelphia area, and they continue to move slowly but steadily.
Foreclosures were down 32 percent in 2007, and overall prices throughout the area have risen a modest but notable 1 to 2 percent. With a variety of homes on the market, buyers have the advantage of negotiating their prices, and dictating good terms on mortgage rates. That means buyers can benefit by purchasing Philadelphia real estate sooner rather than later. It gives them a foothold in the market at an opportune time, before prices become too high to afford.
“…Signs point to an ongoing rise in prices as the Pennsylvania real estate market continues to recover.”
Philadelphia Real Estate Prospects Are Positive for the Future
Philadelphia remains an attractive option for potential homeowners. As the fifth-largest city in the nation, it offers a broad array of social and cultural activities, along with a rich history and proud status as one of the birthplaces of our country. Its proximity to New York and Washington, as well as the rest of Pennsylvania, makes it a strong option for commuters as well. The job market in Philadelphia is expected to improve considerably in the next few years: growth in the business and commercial sector is projected to exceed the national average slightly. Sage Realty specializes in Philadelphia real estate and finding homes for buyers of various needs.