March 1, 2023

By Jeremy Swales

Homebuyers in the Philadelphia region can finally breathe a little easier as the metro area’s home sales price went down four percent in January compared with the same month last year to $240,000, write Isaac Avilucea and Mike D’Onofrio for the Axios.

Compared to December, January prices fell by 6.7 percent.

Any relief is welcome, considering that mortgage rates have gone up slightly to 6.3 percent in recent weeks. However, they are still down from their 7 percent peak in November.

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