Philadelphia Real Estate Outperforming Last Year
Philadelphia Real Estate Outperforming Last Year
By Larry Flick, Prudential Fox & Roach, Realtors
According to the NAR chief economist, Lawrence Yun Home sales are on track to outperform last year, even though the market doesn’t have the benefit of the home buyer tax credit. He said this is thanks to sustained economic growth, the slowly recovering jobs picture, and historically high affordability conditions. Although unemployment remains high at about 9 percent, the country is seeing steady job growth. More than 100,000 jobs are being created a month, and the U.S. could see 1.5 million net new jobs this year, Yun said. You can read the full post here
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
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Philadelphia, PA 19106
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