Real Estate 2010: How’s Your Neighborhood Doing?
Ask anyone selling a house anywhere these days: It’s not exactly sunshine and rainbows out there yet. But things are starting to look up for Philly real estate, says Steve Storti, senior VP of marketing at Prudential Fox & Roach. “We’re optimistic about the spring,” he says. “We saw an improvement beginning mid-year in 2009, and it’s picked up significantly as we’ve gotten closer to the expiration date of the federal housing tax credit, which has been extended to the end of April.” For the first time in two years, Storti says, he’s looking forward to a modest gain in sales through year’s end … which would mean more buyers out there, and fewer frustrated sellers. Here, then, is a look at who has the most to gain from a recovery, the lucky few who’ve been stable all along, and who’s already on the rebound.
To read the rest of "How’s Your Neighborhood Doing?," pick up a copy of the March issue of Philadelphia magazine, on newsstands now.
