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Home-Sale Prices - City vs Burbs

Discussion in 'Real Estate & Other Investments' started by searcher, Mar 4, 2017.



  1. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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    Locally.............

    As Philly's housing market forges ahead, suburban prices still limp along

    The Philadelphia suburbs aren’t what they used to be — at least when it comes to home-sale prices.

    For the fifth year in a row, the suburban counties saw a near-negligible increase in median home-sale price, ticking up just 0.9 percent overall in 2016 to end the fourth quarter at $231,000. (Median is the middle number; half the houses sold for more, half for less.)

    When compared to the city, where the median home-sale price jumped 8.6 percent year-over-year to $140,000, it’s clear the suburbs are not experiencing the same residential renaissance.

    Full article here: http://www.philly.com/philly/busine...using-market-forges-ahead-suburbs-still-.html

     
  2. andial

    andial Sir Midas Member Site Supporter ++

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    Cost of getting around in the burbs is too high? Millenials unable to deal with car up keep or insurance and cop fees are too high? Property taxes too high? Just guesses of mine I have no dog in this race.
     
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  3. dacrunch

    dacrunch Gold Chaser Platinum Bling

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    Low wages? Adult children living longer in parents' homes since they can't afford to become "home-owners"?
    "Bring the Jobs Back" might solve that problem, but it won't happen overnight.
     
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  4. dacrunch

    dacrunch Gold Chaser Platinum Bling

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    And dealing with Philly - a "major" city... seeing those relatively "low" median prices for housing, I can't help but think about "inner-city crime" infested whole neighborhoods.
     
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  5. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  6. dacrunch

    dacrunch Gold Chaser Platinum Bling

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    Alton and searcher like this.
  7. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  8. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  9. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  10. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  11. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  12. southfork

    southfork Mother Lode Found Mother Lode

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    Jobs not coming back, plus further robotics will eat any gains. Were going down.
     
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  13. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  14. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  15. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  16. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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  17. searcher

    searcher Mother Lode Found Site Supporter ++ Mother Lode

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