· while housing prices in the philadelphia region are skyrocketing , there are ways to fix the current situation and return to affordability. Is becoming more expensive due to low supply, high mortgage rates, zoning restrictions, rising construction costs, and investor activity. The country’s housing deficit, which includes at least 80,000 units in the philadelphia metro, is a big reason why. · the first study examines perhaps the most logical cause of high housing costs —high building costs. · ironically, part of what is fueling philadelphia ’s housing demand, and thus the spike in housing prices , is the city’s relative affordability compared to other metro areas, says nela richardson, an economist with the web-based real estate company, redfin. · housing in the u. s. Home values overall in the metro area grew about 46% from the start of the pandemic to early 2025. · strong homebuyer demand, a shortage of homes for sale, rising construction costs , and rapid home appreciation help explain the surge. Heres how we can buck skyrocketing costs and return to affordability. The tariffs the trump administration rolled out last week are also expected to compound that ongoing issue by making critical building materials more expensive. · housing prices in the philadelphia region are rising.

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