Philly Housing Market Is 'White Hot': Is Another Real Estate Bubble Looming?
February 25, 2021
One of the city's top real estate analysts says he's never seen the increases in home sale prices for some neighborhoods as his newest report shows. But the high numbers are concerning for a few reasons.
Home sale prices in Philadelphia rose dramatically in 2020, up nearly 13% overall and even moreso in neighborhoods not traditionally known for steep increases, according to the quarterly analysis by Drexel University economist Kevin Gillen.
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