Will Mortgage Rates In Philadelphia Go Up In 2014?

cities in recovering. Although average home prices throughout the city have risen above rock bottom levels that were the norm two years ago, Philadelphias housing market rebound hasnt kept pace with other metropolitan areas, and the numbers indicate that theres much room for improvement. According to data from the Citys Recorder of Deeds, average house values in Philadelphia declined by 3% in the fourth quarter of 2013. Additionally, the median home price in Philadelphia dropped to $127,000 in the fourth quarter of 2013,whichrepresented a 9 percent decline from the third quarter of 2013. For the original version including any supplementary images or video, visit http://www.gobankingrates.com/mortgage-rates/philadelphia-mortgage-rate-forecast-2014/