Philadelphia: Where The World Series Can't Stop Falling Prices

It appears the national housing slump has thoroughly caught up to the city of Rocky and the Word Series Champion Philies. Home sales and prices declined in 2008, according to a comprehensive market report (PDF here) published by Wharton economist Kevin Gillen, and it's not likely either will rebound soon.

The report includes data through the second quarter of 2008 that ended June 30, and found that median home prices had declined by 6.6 percent since the second quarter of 2007.  read more »

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