According to data analyzed and published by USA Today, the home ownership rate for people aged 25 to 34 in the Philadelphia metro area dropped 9 percentage points between 2006 and 2011. In 2006, the rate of homeownership among that group was 49.8%. In 2011 it was 40.9%.
In 2013, the trend continues, threatening the housing recovery overall. The reasons are high student loan debt, low-paying jobs and a lack of available housing inventory. Bidding can also get competitive when older, more solvent bidders can put a payment down in cash.
Jeff Lurie at the Playground Build.
Yesterday the Eagles–players, coaches, cheerleaders, etc.–went to the William D. Kelley School to make a sort of crappy asphalt wasteland (no offense intended) into a happy playground graced by a colorful mural. Lots of kids were on hand to greet the players and have their shirts autographed, and then everyone settled in to do some work, much of which involved painting a wall that was designed in conjunction with the Mural Arts Program. Jeff Lurie seemed especially peppy while painting, perhaps due to his recent nuptials. More →