Philadelphia real estate down in 2006 – what next?

Here’s a follow up to yesterday’s Philadelphia real estate blog entry. This article says that in Center City Philadelphia, more homes went on the market and prices dropped.

This article explains why some people are very optimistic. We have an expanding Pennsylvania Convention Center, expansion plans by the University of Pennsylvania and Drexel Universities, and the construction of “the skyline-altering Comcast Tower”.

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