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Up & Coming Neighborhoods in Philly Hold the Most Investment Promise 2020

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Philly Office Retail

4701 Germantown Ave

1st Floor

Philadelphia, PA 19119

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Which Up and Coming Neighborhoods in Philadelphia Hold the Most Investment Promise for 2020 Panel?

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Which Up and Coming Neighborhoods in Philadelphia Hold the Most Investment Promise for 2020 Panel?

Date: March 5th, 2020

Location: Philly Office Retail, 4701 Germantown Ave, Philadelphia, PA 19144

Time: 6:30pm-8:30pm

Moderator: Sandy Smith, Home and Real Estate Editor, Philly Magazine

Sandy will moderate a discussion on Which Up and Coming Neighborhoods in Philadelphia Hold the Most Investment Promise for 2020.

We will discuss Upper Northwest (in particular Germantown/Mt. Airy), West Philadelphia (esp. Cobbs Creek/Overbrook/Wynnefield), another on the South (Point Breeze/East Passyunk/Pennsport/Whitman), and finally, the River Wards and lower Northeast (including some of the social-impact items going on in the Harrowgate Section of Philadelphia

Sandy Smith is Philadelphia magazine’s Home and Real Estate editor. A Kansas City native, he has called Philly home for more than 35 years. He reports on houses for sale, condos for sale, apartments for rent, new construction, development and trends in the Greater Philadelphia real estate market

Philadelphia is not often discussed in national media circles as one of the most promising cities to buy, renovate, and sell houses in and, when looking in from the outside, it’s easy to see why. Though employment across Philadelphia County has steadily grown in the last two years, both the county and the city itself maintain a higher unemployment rate than the national average at 5.7% and 5.2% respectively, according to the Bureau of Labor Statistics. Crime is also high, frequently also ranking higher than the national average and above other major metropolitan areas of the same size. And, the City of Brotherly Love rarely makes any news outlets’ top ten—or even top twenty—list of best places to live. So, at first glance, it appears that not only might it be difficult for existing residents to afford housing in Philadelphia, anyone who can afford the housing, simply may not want to. That doesn’t usually make for a housing market worth investing your money, or your time, on.

But, as it turns out, Philadelphia is rising in the ranks of comeback cities, like Detroit, as a place that deserves a second chance and, if you’re an investor, maybe another glance. After all, employment is up and crime is down overall. In addition, despite not making any ‘best places to live’ lists, people are buying homes in Philly—and, they are paying well for the privilege to do so. Home values have been on the rise during the last year, as have median home sales prices. Inventory, on the other hand, has started to diminish, likely due to increased demand. So, Philadelphia’s housing market has clearly been strengthening. And, many market analysts are expecting that home price growth to jump quite a bit more in 2019.

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Date and Time

Location

Philly Office Retail

4701 Germantown Ave

1st Floor

Philadelphia, PA 19119

View Map

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Contact the organizer to request a refund.

Eventbrite's fee is nonrefundable.

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