Philadelphia Home Prices To Increase In 2012?

Philadelphia Home Prices To Increase In 2012?

An interesting blog post published by NuWire Investor notes that some market experts are predicting  that the slowly strengthening housing market, marked by fewer mortgage delinquencies and foreclosures, may get a boost from consumers who see value in home ownership as compared to other investments.

Here are some bullet points of interest:

• The U.S. credit downgrade has market investors worried and it is expected that homes in metropolitan areas will gain the benefit of rising value.
• The biggest price increases are expected to be seen in Seattle, Tacoma, Wash., Tucson, Palm Bay, Fl. and Memphis.
• Fewer mortgage delinquencies, fewer foreclosures and greater housing affordability seem to be outweighing fears consumers have about the economy.