Lower mortgage rates in 2019 should have, in theory, made it less expensive to purchase a home, keeping buyers in the market and increasing competition (and, in turn, increasing prices). And while Philadelphia did see home sales in 2019 carry on with some strength, the city also saw its homeownership rate continue to trend down.
How will the economy, home prices, and the new tax abatement affect Philly in 2020? Experts weigh in.
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