Predictions for the Philadelphia market
Right now the Philadelphia market feels inflated especially in neighborhoods like Kensington. Do you think Philly is overinflated or not? Why?
Most Popular Reply
Hi @DavidGritz,
Welcome to BP!
Depends on what you consider inflated. If you compare us with the Top 6 Cities Philadelphia included we are the most economical market to live, work and invest in. Compare to the rust belt cities in the mid west we have better job growth and a waterfront (10 Just Announced) yet to be developed. The market at $250k and below are cashflow appreciation moves for investing right now and will sustain a market slow down if happens with rates ticking up. Also, all of this depends on your buying power with mortgages, asset reserves and credit.
Let me know if you have any questions.
Regards,
Joe Scorese
- Joseph Scorese