Philadelphia home sales drop drastically

Philadelphia’s housing market is witnessing a serious decline in home sales.

Following October 2008’s not-so-bright financial news, there are new reports that Philadelphia’s real estate sale agreements have fallen 20% throughout eight counties.

According to Steve Storti, VP of Prudential Fox Roach, Inc, “Until the credit market unfreezes, regional real estate will be slow.”

This decline in home sales will likely force some home owners to consider other options to prevent foreclosure on homes they cannot sell in today’s housing market.

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Glenn A. Brown, Esq.

Attorney Glenn Brown and the Real World Law team provides legal protection to homeowners and businesses in eminent domain and condemnation actions, commercial and residential real estate closings, and other litigation matters. If you're a property owner in need of legal protection, contact our law firm. We've two convenient office locations, serving communities in and around Upper Darby, PA and Wilmington, DE.

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