Philadelphia realtors are working right now to capitalize on the newfound buyer’s market. Signs are positive that the worst of the sub-prime mortgage fallout is over, which means that new homes are rising in value again. A buyer’s agent must be able to find the right homes for the right price, which in Philadelphia has become very easy. That lets new homeowners dictate excellent terms, and with the help of a good realtor, find a home in Philadelphia that they might not otherwise afford.
Philadelphia suffered modestly from the housing fallout, but most signs indicate that the market is on the rebound. Foreclosures in the city dropped by 32 percent in 2007: a strong indication that the worst is over. The overall value of prices in Philadelphia rose by 1 to 2 percent, which is at least growth. Future increases are expected to be much higher, as the job market in Philadelphia should exceed the national average in growth over the next five years. Realtors have information on how those trends affect specific neighborhoods, and local realtors can serve as an out-of-town buyer’s agent when seeking a new home.
Philadelphia Realtors Can Handle Local Clients and Those From Out Of Town
Philadelphia tends to attract more than its share of out-of-town buyers because of its centralized location: both New York and Washington, D.C. are just a few hours away by train. Local Philadelphia realtors, such as Sage Realty, can handle new homes for buyers from out of the area.