Philadelphia suburban real estate market plagued by low inventory

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The low inventory in the Philadelphia suburban housing market is the result of a lack of new construction of single-family houses and the fact that people who want to buy a new house are hesitant to put their property up for sale. (Image courtesy of flickr.com.)

The number of houses on the suburban Philadelphia suburban market is low. It’s an issue that has been ongoing for the last couple of years but seems to be heightening as some prospective homeowners have decided to buy before interest rates go up further, writes Natalie Kostelni at bizjournals.com.

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The spring residential selling season is finally here, though a little delayed, according to area real estate agents. The football playoffs, Eagles’ Super Bowl win, parade and a series of weekly snow storms and chilly weather pushed the start of the traditional spring selling season out by several weeks.

It’s unknown whether that will help ease what has been a nagging lack of inventory as people warm to the idea of putting their homes up for sale.

To read the complete story, click here.

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