Philly Appreciation….in the housing market.

As a recent home buyer I was really interested in reading this article on CNN Money. Moody’s researchers “crunched numbers on the 100 largest metropolitan regions in the country” and found that on average the appreciation for 2006 is around 7% and will be flat for 2007. In looking at their number Philly is close to the average. We ranked 40 out of 100, and we are projected to have 5.10% appreciation in 2006 and .5% for 2007. Vegas was dead last (-7.9%, -5.0%), New York(-.1%, -3.5%) was close to the bottom, and DC and Boston were toward the end as well. So I feel pretty good, it’s good to have bought in Philly.

2 Comments so far

  1. Jim (unregistered) on December 19th, 2005 @ 9:02 pm
  2. Marisa (unregistered) on December 19th, 2005 @ 9:20 pm

    Ian, where’d you buy?

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