Morning Headlines: Home Values In Greater Philadelphia Area Have Gone Up, And Expected to Keep Rising
The national average for home values may be $174,800, but Philly’s is higher. Here, the median home value is $199,200, a number which Zillow says is the result of a sneaky 3.3% spike every year.
According to the report, Greater Philadelphia Area home values are 13.9% higher than the rest of the country. Using this data, Zillow predicts a 0.9% rise in area home prices “over the next year (July 2014-July 2015)”.
• Philadelphia home values up 4.6 percent in past year, says Zillow [Business Journal]
In other news…
• For Sale: Bottom Dollar grocery stores – report [PhillyDeals]
• Boxers PHL puts on its game face [Philly Living]