Philadelphia housing market has become less affordable

Philly Has an Income Problem, Not a Housing Affordability Problem

In 12 images, we find that Philly's housing prices are still incredibly cheap despite economic and population growth.

The resilience of Philly's real estate market is 'impressive.' Test your ...

Home buyers in the Philadelphia area have been resilient, continuing to purchase homes even as prices rise and buying has become less affordable.

National survey sheds light on state of housing market

Buyers are having to wait to purchase their first homes and needing higher incomes because properties have gotten less affordable. “First ...

How Bethlehem Built a Strategy to Tackle Its Housing Affordability ...

From 2019 to 2023, median home sale prices increased 66 percent, from $182,000 to $302,000, and median rents rose 41 percent, from $1,354 per month to $1,910, ...

Mixed Income Housing Programs Report - City of Philadelphia

new affordable and market-rate housing units. ... All MIHB affordable housing production to date has been rentals, despite the program.

The Market Alone Can't Fix the U.S. Housing Crisis

Growth in rents continues to exceed overall price inflation. Mortgage rates have been at a multi-decade high due to the Federal Reserve's ...

Vibrant and Affordable: The Pittsburgh Housing Market

Even in the most desirable neighborhoods, housing prices are significantly lower than the national median list price of $375,0000. The median home price in ...

An Overview of Philadelphia's Rising Real Estate Market - Ark7

Philly's Housing Affordability Index (HAI) is 217 in 2020, indicating that a family earning the median income has more than enough income (117x ...

Philadelphia, PA 2024 Housing Market | realtor.com®

Philadelphia, PA is a balanced market in October 2024, which means that the supply and demand of homes are about the same. Median days on market: 51 Days.

The Latest Real Estate Trends in Philadelphia: A Deep Dive

This surge is driven by a combination of low inventory and high demand, a common trend in many urban markets. Buyer Preferences are Shifting.

Housing 'affordability has just totally collapsed,' economist says

Housing costs are outpacing median household incomes in the U.S., further straining affordability. Would-be homebuyers need to earn $113,520 a ...

It's Time To Start Worrying About The Housing Market Again

Housing inventory is still way below normal. However, it's good to keep an eye on inventory given prices are also much higher. An explosion in housing inventory ...

Owning a home is the least affordable it has been in nearly 2 ... - KTTC

The report showed that ...

Harris and Trump's Proposals to Help the Housing Crisis | TIME

“This is hitting first time homebuyers that can't get into the housing market. This is hitting middle class renters who are spending more than ...

Housing Affordability: Governmental Barriers and Market-Based ...

Given that housing markets are consistently supply constrained, there is little doubt that federal housing finance policies contribute greatly ...

How To Make the Most of Pennsylvania's Hot Real Estate Market

House Prices Are Soaring. Since the pandemic began, Pennsylvania median house prices have risen steadily. · Some Areas Remain More Affordable.

Rebuilding Together Philadelphia - Instagram

New @pewtrusts report shows how Philadelphia's relatively affordable housing has become less accessible over the last two decades.

The U.S. is now short 4.5 million homes as the housing deficit grows

"The affordability crisis extends to renters as well, with nearly half of renter households being cost burdened. Filling the housing shortage is ...

Rents remains 'historically high' in Philadelphia: study | Common Good

With high mortgage rates and overvalued home prices, some tenants and homeowners are staying put — while others are taking the plunge. The average rate for a 30 ...

20% of Philadelphia's federal housing expires in the next decade

Many of the city's affordable complexes were built in West and North Philly in the '80s and '90s. Now those areas are seeing average rents spike ...